Common use of Sale of Collateral Obligations Clause in Contracts

Sale of Collateral Obligations. For so long as no Event of Default has occurred and is continuing, the Collateral Manager may direct the Trustee, on behalf of the Issuer, in writing to (1) sell, and the Trustee shall sell, in the manner directed by the Collateral Manager (i) any Equity Security, (ii) any Defaulted Obligation, (iii) any Withholding Tax Security or (iv) any other Collateral Obligation or (2) exchange a Defaulted Obligation for an Exchanged Defaulted Obligation, in each case, in accordance with, and subject to, any applicable limitations on amounts and other requirements set forth herein. The Collateral Manager may direct the Trustee to sell any Credit Risk Obligation at any time without restriction.

Sale of Collateral Obligations. For so long as no Event of Default has occurred and is continuing, the Collateral Manager may direct the Trustee, on behalf of the Issuer, in writing to (1) sell, and the Trustee shall sell, in the manner directed by the Collateral Manager (i) any Equity Security, (ii) any Defaulted Obligation, (iii) any Withholding Tax Security or (iv) any other Collateral Obligation or (2) exchange a Defaulted Obligation for an Exchanged Defaulted Obligation, in each case, in accordance with, and subject to, any applicable limitations on amounts and other requirements set forth herein. The Collateral Manager may direct the Trustee to sell any Credit Risk Obligation at any time without restriction.