Substitution of Assets. On any day prior to the occurrence of a Termination Event or the commencement of the Turbo Period (and after the occurrence of a Termination Event or during the Turbo Period at the discretion of the Administrative Agent; the parties hereto acknowledging that the Turbo Period has commenced as of the Turbo Effective Date), 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:
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)
