Common use of Substitution of Loans Clause in Contracts

Substitution of Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Required Lenders), the Borrower may, subject to the conditions set forth in this Section 2.19 and subject to the other restrictions contained herein, replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”), 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 Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Required LendersBuyer), the Borrower Seller may, subject to the conditions set forth in this Section 2.19 7.2 and subject to the other restrictions contained herein, replace any Transferred Loan included in the Purchased Assets with one or more Eligible Loans (each, a “Substitute Loan”), 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 Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Required LendersAgent), the Borrower may, subject to the conditions set forth in this Section 2.19 2.18 and subject to the other restrictions contained herein, replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”), 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 Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the sole discretion of the Required LendersAdministrative Agent), the Borrower may, subject to the conditions set forth in this Section 2.19 and subject to the other restrictions contained herein, replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”); provided, 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 Loans. On any day prior to the occurrence of a Termination Event (and after the a Termination Date Event, at the discretion of the Required LendersAdministrative Agent with the consent of the Purchaser Agents), the Borrower Seller may, subject to the conditions set forth in this Section 2.19 2.16 and subject to the other restrictions contained herein, replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”); provided, provided that 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 Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Required Lenders)Event, the Borrower Seller may, subject to the conditions set forth in this Section 2.19 9.2 and subject to the other restrictions contained herein, replace any Transferred Mortgage Loan previously acquired by Buyer hereunder with one or more Eligible Mortgage Loans (each, each a “Substitute Mortgage Loan”); provided that, provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitutionsubstitution or have otherwise been waived in writing by the Indenture Trustee:

Substitution of Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Required LendersAdministrative Agent with the consent of the Purchaser Agents), the Borrower Seller may, subject to the conditions set forth in this Section 2.19 2.16 and subject to the other restrictions contained herein, replace any Transferred Loan with one or more Eligible Loans (each, a “Substitute Loan”); provided, provided that 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 Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date Date, at the sole discretion of the Required LendersAdministrative Agent), the Borrower Seller may, subject to the conditions set forth in this Section 2.19 6.2 and subject to the other restrictions contained herein, replace any Transferred Loan previously acquired by the Buyer hereunder with one or more Eligible Loans (each, a “Substitute Loan”); provided that, 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 Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Required LendersBuyer), the Borrower Seller may, subject to the conditions set forth in this Section 2.19 7.2 and subject to the other restrictions contained herein, replace any Transferred Loan included in the Purchased Assets with one or more Eligible Loans (each, a “Substitute Loan”), ; 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 Loans. On any day prior to the occurrence of a Termination Event (and after the Termination Date at the discretion of the Required LendersBuyer), the Borrower Seller may, subject to the conditions set forth in this Section 2.19 7.2 and subject to the other restrictions contained herein, replace any Transferred Loan included in the Purchased Assets with one or more Eligible Loans (each, a “Substitute Loan”), provided provided, that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution: