Common use of Purchase of Additional Collateral Obligations Clause in Contracts

Purchase of Additional Collateral Obligations. On any date during the Reinvestment Period, the Collateral Manager on behalf of the Issuer may, subject to the other requirements in this Indenture, direct the Trustee to invest Principal Proceeds, proceeds of Additional Notes issued pursuant to Sections 2.13 and 3.2, amounts on deposit in the Collection Account and, if applicable, the Prefunding Account and Principal Financed Accrued Interest, and the Trustee shall invest such Principal Proceeds and other amounts in accordance with such direction. After the Reinvestment Period, the Collateral Manager shall not direct the Trustee to invest any amounts on behalf of the Issuer; provided that cash on deposit in any Account (other than the Payment Account) may be invested in Eligible Investments following the Reinvestment Period. So long as no Enforcement Event has occurred and is continuing, the Collateral Manager may instruct the Trustee to use, (x) during the Prefunding Period, amounts on deposit in the Prefunding Account and Principal Proceeds to purchase additional obligations and (y) following the Prefunding Period but during the Reinvestment Period, Principal Proceeds to purchase additional obligations, in each case, subject to the requirement that each of the following criteria (such criteria collectively, the “Investment Criteria”) is satisfied, other than, during the Prefunding Period, Section 12.2(ii) below, as of the date the Collateral Manager commits on behalf of the Issuer to make such purchase, in each case as determined by the Collateral Manager after giving effect to such purchase and all other sales, purchases or substitutions previously or simultaneously committed to:

Purchase of Additional Collateral Obligations. On any date during the Reinvestment Period, the Collateral Manager on behalf of the Issuer may, subject to the other requirements in this the Indenture, direct the Trustee to invest Principal Proceeds, proceeds of Additional additional Notes issued pursuant to Sections in accordance with Section 2.13 and Section 3.2, amounts on deposit in the Collection Account and, if applicable, the Prefunding Ramp-Up Account and Principal Financed Accrued Interest, and the Trustee shall invest such Principal Proceeds and other amounts in accordance with such direction; provided that, for the avoidance of doubt, with respect to any Collateral Obligations for which the trade date has occurred during the Reinvestment Period but which settle after the last day of the Reinvestment Period, the purchase of such Collateral Obligations shall be treated as a purchase made during the Reinvestment Period for purposes of the Indenture. After the Reinvestment Period, the Collateral Manager shall not direct the Trustee to invest any amounts on behalf of the Issuer; provided that cash in accordance with Section 12.2(e), Cash on deposit in any Account (other than the Payment Account and the Custodial Account) may be invested in Eligible Investments following the Reinvestment Period. So long as no Enforcement Event has occurred Any acquisition of any Collateral Obligation must satisfy the Portfolio Acquisition and is continuing, the Collateral Manager may instruct the Trustee to use, (x) during the Prefunding Period, amounts on deposit in the Prefunding Account and Principal Proceeds to purchase additional obligations and (y) following the Prefunding Period but during the Reinvestment Period, Principal Proceeds to purchase additional obligations, in each case, subject to the requirement that each of the following criteria (such criteria collectively, the “Investment Criteria”) is satisfied, other than, during the Prefunding Period, Section 12.2(ii) below, as of the date the Collateral Manager commits on behalf of the Issuer to make such purchase, in each case as determined by the Collateral Manager after giving effect to such purchase and all other sales, purchases or substitutions previously or simultaneously committed to:Disposition Requirements.

Purchase of Additional Collateral Obligations. On any date during the Reinvestment Period (and after the Reinvestment Period, subject to certain limitations specified in Section 12.2(a)(ii), with respect to Post-Reinvestment Principal Proceeds), the Collateral Manager on behalf of the Issuer may, subject to the other requirements in this the Indenture, direct the Trustee to invest Principal Proceeds, proceeds of Additional additional Notes issued pursuant to Sections in accordance with Section 2.13 and Section 3.2, amounts on deposit in the Collection Account and, if applicable, the Prefunding Ramp-Up Account and Principal Financed Accrued Interest, and the Trustee shall invest such Principal Proceeds and other amounts in accordance with such direction; provided that, for the avoidance of doubt, with respect to any Collateral Obligations for which the trade date has occurred during the Reinvestment Period but which settle after the last day of the Reinvestment Period, the purchase of such Collateral Obligations shall be treated as a purchase made during the Reinvestment Period for purposes of the Indenture and the Issuer shall not be limited to making such purchases with Post-Reinvestment Principal Proceeds. After the Reinvestment Period, the Collateral Manager shall not direct the Trustee to invest any amounts on behalf of the IssuerIssuer (except for Post-Reinvestment Principal Proceeds, subject to certain limitations specified in Section 12.2(a)(ii)); provided that cash in accordance with Section 12.2(f), Cash on deposit in any Account (other than the Payment Account and the Custodial Account) may be invested in Eligible Investments following the Reinvestment Period. So long as no Enforcement Event has occurred Any acquisition of any Collateral Obligation must satisfy the Portfolio Acquisition and is continuing, the Collateral Manager may instruct the Trustee to use, (x) during the Prefunding Period, amounts on deposit in the Prefunding Account and Principal Proceeds to purchase additional obligations and (y) following the Prefunding Period but during the Reinvestment Period, Principal Proceeds to purchase additional obligations, in each case, subject to the requirement that each of the following criteria (such criteria collectively, the “Investment Criteria”) is satisfied, other than, during the Prefunding Period, Section 12.2(ii) below, as of the date the Collateral Manager commits on behalf of the Issuer to make such purchase, in each case as determined by the Collateral Manager after giving effect to such purchase and all other sales, purchases or substitutions previously or simultaneously committed to:Disposition Requirements.

Purchase of Additional Collateral Obligations. On any date during the Reinvestment Period provided that no Event of Default has occurred and is continuing (and after the Reinvestment Period (x) subject to certain limitations described herein with respect to commitments to purchase Collateral Obligations prior to the expiration of the Reinvestment Period, (y) purchases made pursuant to Section 12.2(d) and (z) purchases made with Principal Proceeds received pursuant to Section 11.1(a)(ii)(E) on the Collateral Manager last Distribution Date of the Reinvestment Period), the Portfolio Manager, on behalf of the Issuer Issuer, may, but shall not be required to (subject to the other requirements in this IndentureSection 12.2(d)), direct the Trustee to invest Principal Proceeds, proceeds Proceeds received by the Issuer prior to the end of Additional Notes issued pursuant the Reinvestment Period (together with accrued interest received with respect to Sections 2.13 any Collateral Obligations to the extent used to pay for accrued interest on additional Collateral Obligations) and 3.2, any amounts on deposit available for a Permitted Use in the Collection Account and, if applicable, the Prefunding Account and Principal Financed Accrued Interestadditional Collateral Obligations, and the Trustee shall invest such Principal Proceeds proceeds, if, as certified by the Portfolio Manager, to the best of its knowledge, each of the conditions specified in this Section 12.2 and other amounts in accordance with such directionSection 12.3 are met. After the Reinvestment Period, the Collateral Portfolio Manager shall not direct the Collateral Trustee to invest any amounts on behalf of the Issuer; provided that the Portfolio Manager, on behalf of the Issuer, may (but shall not be required to) direct the Collateral Trustee to (x) invest cash on deposit in any Account (other than the Payment Account) may be invested in Eligible Investments following the Reinvestment Period. So long as no Enforcement Event has occurred and is continuing, the Collateral Manager may instruct the Trustee to use, (x) during the Prefunding Period, amounts on deposit in the Prefunding Account and Principal Proceeds to purchase additional obligations Period and (y) following settle pending purchases made but that have not settled prior to the Prefunding end of the Reinvestment Period but during with Principal Xxxxxxxx received prior to the end of the Reinvestment Period pursuant to Section 11.1(a)(ii)(E) on the last Distribution Date of the Reinvestment Period if the Portfolio Manager reasonably expects that such pending purchase will settle no later than 90 days after the end of the Reinvestment Period, Principal Proceeds to purchase additional obligations, in each case, subject to the requirement that each of the following criteria (such criteria collectively, the “Investment Criteria”) is satisfied, other than, during the Prefunding Period, Section 12.2(ii) below, as of the date the Collateral Manager commits on behalf of the Issuer to make such purchase, in each case as determined by the Collateral Manager after giving effect to such purchase and all other sales, purchases or substitutions previously or simultaneously committed to:.