Discretionary Sales definition

Discretionary Sales means any sale of a Collateral Debt Obligation by the Investment Manager (on behalf of the Issuer) pursuant to clause 5.6 (Discretionary Sale of Other Collateral Debt Obligations);
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Examples of Discretionary Sales in a sentence

  • In addition, during the Reinvestment Period the Collateral Manager shall, subject to the conditions and under the limited circumstances set forth in the Indenture, be permitted to, and is hereby authorized to, direct the Trustee to sell certain Collateral Interests in Discretionary Sales.

  • For the avoidance of doubt, the conditions set forth in Section 2.14(e) applicable to Discretionary Sales of Loans (and more broadly to sales effected through this Section 2.14) will also apply to sales of Equity Securities.

  • Discretionary Sales Seller will obtain from TE an authorization number for all internet or telephone sales.

  • Other than Discretionary Sales, convey, sell, lease, license, assign, transfer, or otherwise dispose of (or enter into an agreement to convey, sell, lease, license, assign, transfer, or otherwise dispose of) any of Borrower’s assets.

  • Section 2.01 Variable Funding Note and Advances 45 Section 2.02 Procedure for Advances 46 Section 2.03 Yield and Non-Usage Fees 47 Section 2.04 Remittance Procedures 48 Section 2.05 Instructions to the Collateral Agent and the Account Bank 51 Section 2.06 Borrowing Base Deficiency Payments 52 Section 2.07 Discretionary Sales, Substitutions, Lien Release Dividends, Purchases and the Required Sale Date 53 Section 2.08 Payments and Computations, Etc.

  • Discretionary Sales from any Equipment Class may be conducted: (a) on Grid Assurance’s own initiative (including for the purpose of mitigating the risk that Inventoried Spares could become technologically or physically obsolete); or (b) at the request of the Equipment Committee associated with that Equipment Class, a Subscriber Group Member, a Transmission Group Member or any other Person.

  • Discretionary Sales of Collateral .........................................................70 Section 2.15.

  • Reinvestment; Discretionary Sales, Substitutions and Optional Sales of Loans.

  • Anything contained in this Agreement or any other Loan Document to the contrary notwithstanding, except for Discretionary Sales, Borrower has no authority, express or implied, to dispose of any item or portion of the Collateral.

  • Discretionary Sales of Collateral .........................................................65 Section 2.15.