Common use of Limitations on Permitted Sales Clause in Contracts

Limitations on Permitted Sales. If, with respect to any investment held in a Certificate Account, both (i) the rating accorded by the applicable rating agency with respect to such investment declines by two rating levels after acquisition of the investment and, (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Trustee will cause that nonconforming investment to be sold as soon as practicable. Otherwise, except in the case of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in a Certificate Account.

Limitations on Permitted Sales. If, with respect to any investment held in a Certificate Account, both (i) the rating accorded by the applicable rating agency with respect to such the issuer of an investment or to the investment declines by two rating levels after acquisition of the investment and, and (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Trustee will cause that nonconforming investment to be sold as soon as practicable. Otherwise, except in the case of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in a Certificate Account.

Limitations on Permitted Sales. If, with respect to any investment held in a Certificate Account, both (i) the rating accorded by the applicable rating agency with respect to such the issuer of an investment or to the investment declines by two rating levels after acquisition of the investment and, (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Trustee will cause that nonconforming investment to be sold as soon as practicable. Otherwise, except in the case of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in a Certificate Account.

Limitations on Permitted Sales. If, with respect to any investment held in a Certificate Account, both (i) the rating accorded by the applicable rating agency with respect to such the issuer of an investment or to the investment declines by two rating levels after acquisition of the investment and, and (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Trustee will cause that nonconforming investment to be sold as soon as practicable. Otherwise, except in the case of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in a Certificate Account.Account.‌

Limitations on Permitted Sales. If, with respect to any investment held in a the Certificate Account, both (i) the rating accorded by the applicable rating agency with respect to such the issuer of an investment or to the investment declines by two rating levels after acquisition of the investment and, (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Trustee will cause that nonconforming investment to be sold as soon as practicable. Otherwise, except in the case of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in a the Certificate Account.

Limitations on Permitted Sales. If, with respect to any investment held in a Certificate Account, both (i) the rating accorded by the applicable rating agency with respect to such investment declines by two rating levels after acquisition of the investment (and, (ii) as a result of the decline, the investment ceases to be an Eligible Investment), then the Trustee will must cause that nonconforming investment to be sold as soon as practicable. Otherwise, except in for the case disposition of investments made in violation of this Trust Agreement, no investment may be sold while in the Certificate Account prior to its maturity while in a Certificate Accountmaturity.

Limitations on Permitted Sales. If, with respect to any investment held in a Certificate Account, both (i) the rating accorded by the applicable rating agency with respect to such the issuer of an investment or to the investment declines by two rating levels after acquisition of the investment and, and (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Trustee will cause that nonconforming investment to be sold as soon as as‌ practicable. Otherwise, except in the case of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in a Certificate Account.