Common use of Discretionary Sales Clause in Contracts

Discretionary Sales. Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding, in connection with the transfer and assignment to the Seller by the Administrative Agent, on behalf of the Secured Parties, of the Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Discretionary Sales. Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer and assignment to by the Seller (and related release of security interest by the Administrative Agent, on behalf of the Secured Parties), of the specified portion of Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Discretionary Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the either Seller shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer and assignment to the Seller by the Administrative Agent, on behalf of the Secured Partiesone or more Loans, of the specified portion of Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Discretionary Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer and assignment to release of Collateral from the Seller by the Administrative Agent, on behalf Lien of the Secured Parties, of the Collateral this Agreement (each, a an “Discretionary Sale”), subject to the following terms and conditions:

Appears in 2 contracts

Samples: Secured Loan and Servicing Agreement (NewStar Financial, Inc.), Secured Loan and Servicing Agreement (NewStar Financial, Inc.)

Discretionary Sales. (a) Prior to the occurrence and continuation of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer and assignment to the Seller by the Administrative AgentBorrower of, on behalf and the release of the Secured Parties, of any related Lien by the Collateral Agent over, one or more Loans (each, a "Discretionary Sale"), subject to the following terms and conditions:

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)

Discretionary Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer transfer, assignment and assignment release to the Seller by the Administrative AgentTrustee, on behalf of the Secured Parties, of the Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 2 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.)

Discretionary Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer and assignment to by the Seller (and related release of security interest by the Administrative Agent, on behalf of the Secured Parties), of the specified portion of Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Discretionary Sales. Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer and assignment to the Seller by the Administrative AgentBorrower (and related release of security interest by the Trustee, on behalf of the Secured Parties), of the specified portion of Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 1 contract

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.)

Discretionary Sales. Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer and assignment to the Seller by the Administrative Agent, on behalf of the Secured Parties, of the Collateral (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Discretionary Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Discretionary Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer transfer, assignment and assignment release to the Seller by the Administrative AgentTrustee, on behalf of the Secured Parties, of the Collateral (each, a an “Discretionary Sale”), subject to the following terms and conditions:

Appears in 1 contract

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)

Discretionary Sales. (a) Prior to the occurrence of an Unmatured Termination Event or Event, a Termination Event, on any Discretionary Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding, Outstanding in connection with the transfer sale and assignment to the Seller Borrower by the Administrative AgentTrustee, on behalf for the benefit of the Secured Parties, of the Collateral one or more Loans (each, a “Discretionary Sale”), subject to the following terms and conditions:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ares Capital Corp)

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