Common use of Discretionary Sales Clause in Contracts

Discretionary Sales. The Borrower shall be permitted to sell Loan Assets to Persons other than the Transferor or its Affiliates from time to time; provided that (i) the proceeds of such sale shall be deposited into the Collection Account to be disbursed in accordance with Section 2.04 hereof, (ii) no event has occurred, or would result from such sale, which constitutes an Event of Default and no event has occurred and is continuing, or would result from such sale, which constitutes an Unmatured Event of Default or a Borrowing Base Deficiency; and (iii) the Administrative Agent shall provide prior written consent to such sale.

Discretionary Sales. The Borrower shall be permitted to sell Loan Assets to Persons other than the Transferor Seller or its Affiliates from time to time; provided that (i) the proceeds of such sale shall be deposited into the Collection Account to be disbursed in accordance with Section 2.04 hereof2.04, (ii) no event has occurred, or would result from such sale, which constitutes an Event of Default and no event has occurred and is continuing, or would result from such sale, which constitutes an Unmatured Event of Default or a Borrowing Base Deficiency; Deficiency and (iii) the prior written consent of the Administrative Agent shall provide be required if such Loan Asset is sold for an amount which is less than the Adjusted Borrowing Value; provided further that the Borrower shall be permitted to sell Loan Assets after an Event of Default with the prior written consent to such saleof the Administrative Agent.

Discretionary Sales. The Borrower shall be permitted to sell Loan Assets to Persons other than the Transferor or its Affiliates from time to time; provided that (i) the proceeds of such sale shall be deposited into the Collection Account to be disbursed in accordance with Section 2.04 hereof, (ii) no event has occurred, or would result from such sale, which constitutes an Event of Default and no event has occurred and is continuing, or would result from such sale, which constitutes an Unmatured Event of Default or a Borrowing Base Deficiency; and (iii) the prior written consent of the Administrative Agent shall provide prior written consent to be required if such saleLoan Asset is sold for an amount which is less than the Adjusted Borrowing Value.

Discretionary Sales. The Borrower shall be permitted to sell Loan Assets to Persons other than the Transferor Seller or its Affiliates from time to time; provided that (i) the proceeds of such sale shall be deposited into the Collection Account to be disbursed in accordance with Section 2.04 hereof2.04, (ii) no event has occurred, or would result from such sale, which constitutes an Event of Default and no event has occurred and is continuing, or would result from such sale, which constitutes an Unmatured Event of Default or a Borrowing Base Deficiency; Deficiency and (iii) the prior written consent of the Administrative Agent shall provide prior written consent to be required if such saleLoan Asset is sold for an amount which is less than the Adjusted Borrowing Value.