Substitution of Loans. On any day prior to the occurrence of an Early Amortization Event, the Seller may, and upon the request of the Deal Agent shall, subject to the conditions set forth in this Section 2.9, replace any Loan subject to a Warranty Event or in respect of which the Obligor thereunder has requested the rewriting and/or restructuring of such Loan with one or more other 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:
Appears in 4 contracts
Samples: Loan Purchase and Servicing Agreement (First International Bancorp Inc), Loan Purchase and Servicing Agreement (First International Bancorp Inc), Purchase and Servicing Agreement (First International Bancorp Inc)
