Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time without restriction.
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time. With respect to each Defaulted Obligation that remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year period, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Defaulted Obligations. The Collateral Manager may, on behalf of the Issuer, direct the Collateral Agent to sell any Defaulted Obligation, or to consummate a Bankruptcy Exchange, at any time. With respect to each Defaulted Obligation that has remained a Defaulted Obligation for a continuous period of three years after becoming a Defaulted Obligation and has not been sold or terminated during such three year period, the Market Value and the Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Defaulted Obligations. Subject to the satisfaction of the Portfolio Acquisition and Sale Requirements, the Collateral Manager may direct the Trustee to sell any Defaulted Obligation, any Closing Date Participation Interest that was not converted into a full assignment of the related Loan within 60 days of the Closing Date, any Long Dated Obligation or any Other Exchange Asset at any time during or after the Reinvestment Period without restriction. With respect to each Defaulted Obligation that has not been sold or terminated within three years after becoming a Defaulted Obligation, the Market Value and Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Defaulted Obligations. The Collateral Manager may direct the Collateral Agent to sell any Defaulted Obligation at any time without restriction.
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation at any time without restriction; provided that the sale of a Defaulted Obligation to an Affiliate shall be at a price at least equal to its Market Value and such Market Value shall not be determined pursuant to clause (iv) of the definition thereof; provided further that the Collateral Manager may direct the Trustee to sell any Defaulted Obligation to an Affiliate of the Collateral Manager at no less than the par amount of such Defaulted Obligation up to an aggregate amount (together with any sales of Credit Risk Obligations sold to an Affiliate of the Collateral Manager pursuant to the second proviso in clause (a) above) of 10.0% of Total Capitalization measured as of the date of such sale. With respect to each Defaulted Obligation that has not been sold or terminated within one year after becoming a Defaulted Obligation, the Market Value and Principal Balance of such Defaulted Obligation shall be deemed to be zero.
Defaulted Obligations. The Collateral Manager may direct the Trustee to sell any Defaulted Obligation or Received Obligation at any time without restriction; provided that the sale of a Defaulted Obligation or Received Obligation to an Affiliate shall be at a price at least equal to its Market Value and such Market Value shall not be determined pursuant to clause (ivv) of the definition thereof; provided further that the Collateral Manager may direct the Trustee to sell any Defaulted Obligation to an Affiliate of the Collateral Manager at no less 219 than the par amount of such Defaulted Obligation up to an aggregate amount (together with any sales of Credit Risk Obligations sold to an Affiliate of the Collateral Manager pursuant to the second proviso in clause (a) above) of 10.0% of Total Capitalization measured as of the date of such sale. With respect to each Defaulted Obligation that has not been sold or terminated within one year after becoming a Defaulted Obligation, the Market Value and Principal Balance of such Defaulted Obligation shall be deemed to be zero..
Defaulted Obligations. The Portfolio Manager may direct the Trustee to sell any Defaulted Obligation at any time during or after the Reinvestment Period without restriction.
Defaulted Obligations. The Portfolio Manager may direct the Trustee to sell or otherwise dispose of any Defaulted Obligation or any other asset received by the Issuer in a workout, restructuring or similar transaction, or to consummate a Bankruptcy Exchange or an Exchange Transaction, at any time during or after the Reinvestment Period without restriction.
Defaulted Obligations. The Portfolio Manager on behalf of the Issuer may direct the Trustee to sell any Defaulted Obligation at any time during or after the Reinvestment Period without restriction. With respect to each Defaulted Obligation that has not been sold or terminated within three years after becoming a Defaulted Obligation, the Market Value and Principal Balance of such Defaulted Obligation shall be deemed to be zero.
