Common use of De-certification of Shares in case of Event of Default Clause in Contracts

De-certification of Shares in case of Event of Default. (a) Notwithstanding Section 7.01 above, upon the occurrence of an Event of Default under a Financing Arrangement, a Lender may, subject to the “right of first refusal” of the Holder(s) of the Class of Certificates that is the other Class than the Class of Certificates held by such Lender’s borrower,

De-certification of Shares in case of Event of Default. (a) Notwithstanding Section 7.01 above, upon the occurrence of an Event of Default under a Financing Arrangement, a Lender may, subject to the “right of first refusal” of the Holder(s) of the other Class of Certificates that is the other Class than the Class of Certificates held by such Lender’s borrowerCertificates,