Sale of Collateral Obligations Purchase of Additional Collateral Obligations. Section 12.1
Sale of Collateral Obligations Purchase of Additional Collateral Obligations. Section 10.01 Sales and Substitutions of Collateral Obligations.
(a) So long as no Event of Default has occurred and is continuing, and no Borrowing Base Deficiency exists before and after giving effect to the sale, the Borrower (or the Collateral Manager on behalf of the Borrower acting pursuant to the Collateral Management Agreement) may direct the Collateral Agent in writing to sell, and the Collateral Agent shall sell in the manner directed by the Collateral Manager (on behalf of the Borrower) in writing any Collateral Obligation.
(b) In the event of a prepayment, the Borrower or the Collateral Manager shall direct the Collateral Agent in writing to sell, and the Collateral Agent shall sell in the manner directed by the Collateral Manager (on behalf of the Borrower), any Collateral Obligation, subject to Section 2.05
(c) ReservedThe Borrower shall immediately provide a substitute Collateral Obligation to the Collateral Agent if at any time any Collateral Obligation becomes Blocked Property.
Sale of Collateral Obligations Purchase of Additional Collateral Obligations
