Common use of Sales of Collateral Debt Securities Clause in Contracts

Sales of Collateral Debt Securities. (a) Except as otherwise expressly permitted or required by this Indenture, the Issuer shall not sell or otherwise dispose of any Collateral Debt Security, provided that, subject to satisfaction of any applicable conditions in Section 10.10, so long as (A) no Event of Default has occurred and is continuing and (B) on or prior to the trade date for such sale the Collateral Manager has certified to the Trustee that each of the conditions applicable to such sale set forth below has been satisfied, the Collateral Manager on behalf of the Issuer acting pursuant to the Collateral Management Agreement may direct the Trustee in writing to sell, and the Trustee shall sell in the manner directed by the Collateral Manager in writing (which writing shall specify whether such security is a Defaulted Security or Credit Risk Security, if applicable, or whether such security is otherwise permitted to be sold pursuant to this Section 12.1(a)):

Appears in 1 contract

Samples: Arbor Realty Trust Inc

AutoNDA by SimpleDocs

Sales of Collateral Debt Securities. (a) Except as otherwise expressly permitted or required by this Indenture, the Issuer shall not sell or otherwise dispose of any Collateral Debt Security, provided that, that subject to satisfaction of any applicable conditions in Section 10.10, so long as (A) no Event of Default has occurred and is continuing and (B) on or prior to the trade date for such sale the Collateral Manager has certified to the Trustee that each of the conditions applicable to such sale set forth below has been satisfied, the Collateral Manager on behalf of the Issuer acting pursuant to the Collateral Management Agreement may direct the Trustee in writing to sell, and the Trustee shall sell in the manner directed by the Collateral Manager in writing (which writing shall specify whether such security is a Defaulted Security or Credit Risk Security, if applicable, or whether such security is otherwise permitted to be sold pursuant to this Section 12.1(a)):

Appears in 1 contract

Samples: Gramercy Real (Gramercy Capital Corp)

Sales of Collateral Debt Securities. (a) Except as otherwise expressly permitted or required by this IndentureIndenture (including, without limitation, Section 12.2), the Issuer shall not sell or otherwise dispose of any Collateral Debt Security, ; provided that, that subject to satisfaction of any applicable conditions in Section 10.10, so long as (A) no Event of Default has occurred and is continuing and (B) on or prior to the trade date for such sale the Collateral Manager has certified to the Trustee that each of the conditions applicable to such sale set forth below has been satisfied, the Collateral Manager on behalf of the Issuer acting pursuant to the Collateral Management Agreement may direct the Trustee in writing to sell, and the Trustee shall sell in the manner directed by the Collateral Manager in writing (which writing shall specify whether such security is a Defaulted Security, a Credit Risk Security or Credit Risk a Spread Appreciated Security, if applicable, or whether such security is otherwise permitted to be sold pursuant to this Section 12.1(a)):

Appears in 1 contract

Samples: Cdo Servicing Agreement (Gramercy Capital Corp)

Sales of Collateral Debt Securities. (a) Except as otherwise expressly permitted or required by this Indenture, the Issuer shall not sell or otherwise dispose of any Collateral Debt Security, provided that, that subject to satisfaction of any applicable conditions in Section 10.10, so long as (A) no Event of Default has occurred and is continuing and (B) on or prior to the trade date for such sale the Collateral Manager has certified to the Trustee that each of the conditions applicable to such sale set forth below has been satisfied, the Collateral Manager on behalf of the Issuer acting pursuant to the Collateral Management Agreement may direct the Trustee in writing to sell, and the Trustee shall sell in the manner directed by the Collateral Manager in writing (which writing shall specify whether such security is a Defaulted Security, Credit Risk Security or Credit Risk Buy/Sell Security, if applicable, or whether such security is otherwise permitted to be sold pursuant to this Section 12.1(a)):

Appears in 1 contract

Samples: Marathon Real Estate Finance, Inc.

Sales of Collateral Debt Securities. (a) Except as otherwise expressly permitted or required by this Indenture, the Issuer shall not sell or otherwise dispose of any Collateral Debt Security, ; provided that, that subject to satisfaction of any applicable conditions in Section 10.1010.13, so long as (A) no Event of Default has occurred and is continuing and (B) on or prior to the trade date for such sale the Collateral Manager has certified to the Trustee that each of the conditions applicable to such sale set forth below has been satisfied, the Collateral Manager on behalf of the Issuer acting pursuant to the Collateral Management Agreement may direct the Trustee in writing to sell, and the Trustee shall sell in the manner directed by the Collateral Manager in writing (which writing shall specify whether such security is a Defaulted Security, Credit Risk Security or Credit Risk Spread Appreciated Security, if applicable, or whether such security is otherwise permitted to be sold pursuant to this Section 12.1(a)):

Appears in 1 contract

Samples: Cdo Servicing Agreement (Gramercy Capital Corp)

AutoNDA by SimpleDocs

Sales of Collateral Debt Securities. (a) Except as otherwise expressly permitted or required by this Indenture, the Issuer shall not sell or otherwise dispose of any Collateral Debt Security, ; provided that, subject to satisfaction of any applicable conditions in Section 10.1010.12, so long as (A) no Event of Default has occurred and is continuing and (B) on or prior to the trade date for such sale the Collateral Manager has certified to the Trustee that each of the conditions applicable to such sale set forth below has been satisfied, the Collateral Manager Manager, on behalf of the Issuer Issuer, acting pursuant to the Collateral Management Agreement may direct the Trustee in writing to sell, and the Trustee shall sell in the manner directed by the Collateral Manager in writing (which writing shall specify whether such security is a Defaulted Security, Credit Risk Security or Credit Risk Securitya Buy/Sell Interest, if applicable, or whether such security is otherwise permitted to be sold pursuant to this Section 12.1(a)):

Appears in 1 contract

Samples: Arbor Realty Trust Inc

Sales of Collateral Debt Securities. (a) Except as otherwise expressly permitted or required by this Indenture, the Issuer shall not sell or otherwise dispose of any Collateral Debt Security, provided that, subject to satisfaction of any applicable conditions in Section 10.1010.11, so long as (A) no Event of Default has occurred and is continuing and (B) on or prior to the trade date for such sale the Collateral Manager has certified to the Trustee that each of the conditions applicable to such sale set forth below has been satisfied, the Collateral Manager Manager, on behalf of the Issuer Issuer, acting pursuant to the Collateral Management Agreement may direct the Trustee in writing to sell, and the Trustee shall sell in the manner directed by the Collateral Manager in writing (which writing shall specify whether such security is a Defaulted Security or Credit Risk Security, if applicable, or whether such security is otherwise permitted to be sold pursuant to this Section 12.1(a)):

Appears in 1 contract

Samples: Arbor Realty Trust Inc

Time is Money Join Law Insider Premium to draft better contracts faster.