Common use of Substitution of Contracts Clause in Contracts

Substitution of Contracts. On any day prior to the occurrence of a Restricting Event, the Seller may, and upon the request of the Deal Agent shall, subject to the conditions set forth in this Section 2.16, replace any Contract subject to a Warranty Event or in respect of which the Obligor thereunder has requested the rewriting and/or restructuring of such Contract with one or more other Contracts (each, a "Substitute Contract"), provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Substitution of Contracts. On any day prior to the occurrence of a Restricting Event, the Seller may, and upon the request of the Deal Agent shall, subject to the conditions set forth in this Section 2.162.17, replace any Contract subject to a Warranty Event or in respect of which the Obligor thereunder has requested the rewriting and/or restructuring of such Contract with one or more other Contracts (each, a "Substitute Contract"), provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Substitution of Contracts. On any day prior to the occurrence of a Restricting Termination Event, the Seller may, and upon the request of the Deal Agent Administrator shall, subject to the conditions set forth in this Section 2.162.17, replace any Contract subject to a Warranty Event or in respect of which the Obligor thereunder has requested the rewriting and/or restructuring of such Contract with one or more other Contracts (each, a "Substitute Contract"); provided, provided however, that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution: