Common use of Permitted Subsidiaries Clause in Contracts

Permitted Subsidiaries. Notwithstanding any other provision of this Indenture, the Loan Obligation Manager on behalf of the Issuer shall be permitted to sell to a Permitted Subsidiary at any time any Sensitive Asset for consideration consisting entirely of the equity interests of such Permitted Subsidiary (or for an increase in the value of equity interests already owned). The Trustee shall, upon receipt of an Issuer Order certifying that the sale of a Sensitive Asset is being made in accordance with satisfaction of all requirements of this Indenture, release such Sensitive Asset and shall deliver such Sensitive Asset as specified in such Issuer Order. The following provisions shall apply to all Sensitive Assets and Permitted Subsidiaries:

Permitted Subsidiaries. Notwithstanding any other provision of this Indenture, the Loan Obligation Collateral Manager on behalf of the Issuer shall be permitted to sell to a Permitted Subsidiary at any time any Sensitive Asset for consideration consisting entirely of the equity interests of such Permitted Subsidiary (or for an increase in the value of equity interests already owned). The Trustee shall, upon receipt of an Issuer Order certifying that the sale of a Sensitive Asset is being made in accordance with satisfaction of all requirements of this Indenture, direct the Custodian to release such Sensitive Asset and shall deliver such Sensitive Asset as specified in such Issuer Order. The following provisions shall apply to all Sensitive Assets and Permitted Subsidiaries:

Permitted Subsidiaries. Notwithstanding any other provision of this Indenture, the Loan Obligation Manager Special Servicer on behalf of the Issuer shall be permitted to sell to a Permitted Subsidiary at any time any Sensitive Foreclosure Asset for consideration consisting entirely of the equity interests of such Permitted Subsidiary (or for an increase in the value of equity interests already owned). The Trustee shall, upon receipt of an Issuer Order certifying that the sale of a Sensitive Foreclosure Asset is being made in accordance with satisfaction of all requirements of this Indenture, release such Sensitive Foreclosure Asset and shall deliver such Sensitive Foreclosure Asset as specified in such Issuer Order. The following provisions shall apply to all Sensitive Foreclosure Assets and Permitted Subsidiaries: