Common use of Substitution of Assets Clause in Contracts

Substitution of Assets. On any day prior to the occurrence of a Termination Event or the commencement of the Amortization Period (and after the occurrence of a Termination Event or during the Amortization Period at the discretion of the Administrative Agent), the Seller may, subject to the conditions set forth in this Section 2.18 and subject to the other restrictions contained herein, replace any Asset with one or more Eligible Assets (each, a “Substitute Asset”); provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Substitution of Assets. On any day prior to the occurrence of a Termination Event or the commencement of the Amortization Period (and after the occurrence of a Termination Event or during the Amortization Period Date at the discretion of the Administrative AgentAgent with the consent of the Purchaser Agents), the Seller may, subject to the conditions set forth in this Section 2.18 and subject to the other restrictions contained herein, replace any Asset other than the Tandem Asset with one or more Eligible Assets (each, a “Substitute Asset”); provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Substitution of Assets. On any day prior to the occurrence of a Termination Event or the commencement of the Amortization Period (and after the occurrence of a Termination Event or during the Amortization Period at the discretion of the Administrative Agent), the Seller may, subject to the conditions set forth in this Section 2.18 and subject to the other restrictions contained herein, replace any Asset with one or more Eligible Assets (each, a “Substitute Asset”); provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Substitution of Assets. On any day prior to the occurrence of a Termination Event or the commencement of the Amortization Turbo Period (and after the occurrence of a Termination Event or during the Amortization Turbo Period at the discretion of the Administrative Agent), the Seller may, subject to the conditions set forth in this Section 2.18 and subject to the other restrictions contained herein, replace any Asset with one or more Eligible Assets (each, a “Substitute Asset”); provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution: