Control Rights upon Occurrence of Cause. (a) Upon the occurrence of Cause under the Collateral Management Agreement: (i) the Issuer’s and the Collateral Manager’s right to effect sales and other dispositions of the Collateral Portfolio will be immediately suspended; (ii) the Issuer and the Collateral Manager shall obtain the consent of the Majority of the Controlling Class before effecting any sale or disposition of the Collateral Portfolio or before exercising any request, demand, instruction, authorization, direction, notice, consent, waiver or similar action (including in connection with a Permitted Offer) with respect to any amendments, modifications, waivers or consents of any Collateral Obligation, and (iii) the Issuer shall, upon written direction by a Majority of the Controlling Class, sell or otherwise dispose of any Collateral Portfolio within 3 Business Days after receipt of such direction.
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Samples: Indenture (FS Investment Corp II), Indenture (FS Investment CORP), FS Investment Corp II