Common use of Optional Sales Clause in Contracts

Optional Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Optional Sale Date the Borrower shall have the right, subject to the payment of any Call Premium owed pursuant to Section 2.4(b), to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Borrower by the Trustee, on behalf of the Secured Parties, of all or a portion of the Loans, as the case may be in connection with a Permitted Securitization or a Permitted Refinancing (each, an “Optional Sale”), subject to the following terms and conditions:

Optional Sales. (a) Prior During the Revolving Period and prior to the occurrence of a Trigger Event, a Default or an Unmatured Termination Event or a Termination Eventof Default, on any Optional Sale Date Date, the Borrower Issuer shall have the right, subject to the payment of any Call Premium owed pursuant to Section 2.4(b), right to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Borrower Depositor by the TrusteeIssuer, and the release from the Lien of the Indenture by the Indenture Trustee on behalf of the Secured PartiesNoteholders, of all or a portion of the Loans, as the case may be Transferred Loans in connection with a Permitted Securitization or a Permitted Refinancing (each, an “"Optional Sale”"), subject to the following terms and conditions:

Optional Sales. (a) Prior During the Revolving Period and prior to the occurrence of a Trigger Event, a Default or an Unmatured Termination Event or a Termination Eventof Default, on any Optional Sale Date Date, the Borrower Issuer shall have the right, subject to the payment of any Call Premium owed pursuant to Section 2.4(b), right to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Borrower Depositor by the TrusteeIssuer, and the release from the Lien of the Indenture by the Indenture Trustee on behalf of the Secured PartiesNoteholders, of all or a portion of the Loans, as the case may be Transferred Loans in connection with a Permitted Securitization or a Permitted Refinancing (each, an “Optional Sale”), subject to the following terms and conditions:

Optional Sales. (a) Prior to the occurrence of an Event of Default or the occurrence and continuance of an Unmatured Termination Event or a Termination Eventof Default, on any Optional Sale Date Date, the Borrower shall have the right, subject to the payment of any Call Premium owed pursuant to Section 2.4(b), right to prepay all or a portion of the Advances Outstanding in connection with the a sale and assignment to the Borrower by the Trustee, on behalf of the Secured Parties, of all or a portion of the Loans, as the case may be Collateral (A) to or in connection with a Permitted Term Securitization or a Permitted Refinancing (B) in connection with the repayment of all Aggregate Unpaids and termination in whole of the Facility Amount pursuant to Section 2.5(a) (each, an “Optional Sale”), subject to the following terms and conditions: