Common use of Sale or Substitution of Collateral Clause in Contracts

Sale or Substitution of Collateral. If no Event of Default has occurred under this Agreement or would result from such action, Pledgor may (i) sell, trade, or withdraw any part of the Collateral; or (ii) substitute new Collateral for existing Collateral, provided that, in either event, the new Collateral shall be acceptable to Bank in its sole discretion and the unpaid principal balance of the Obligation shall be less than the sum of the amounts determined by multiplying the Collateral Value by the Original Advance Percentage for each type of Collateral securing the Obligation.

Sale or Substitution of Collateral. If no Event of Default has occurred under this Agreement or would result from such action, Pledgor may (i) sell, trade, or withdraw any part of the Collateral; or (ii) substitute new Collateral for existing Collateral, provided that, in either event, the new Collateral shall be acceptable to Bank in its sole discretion and the unpaid principal balance value of the Obligation shall Collateral (determined as set forth above) should be no less than the sum fifty percent (50%) of the amounts determined by multiplying principal amount outstanding on the Collateral Value by the Original Advance Percentage for each type of Collateral securing the ObligationNote.

Sale or Substitution of Collateral. If no Event of Default has occurred under this Agreement or would result from from. such action, Pledgor may (i) sell, trade, or withdraw any part of the Collateral; or (ii) substitute new Collateral for existing Collateral, provided that, in either event, the new Collateral shall be acceptable to Bank in its sole discretion and the unpaid principal balance of the Obligation shall be less than the sum of the amounts determined by multiplying the Collateral Value by the Original Advance Percentage for each type typo of Collateral securing the Obligation.