Common use of Optional Sales Clause in Contracts

Optional Sales. So long as no Event of Default has occurred and is continuing, (i) the Borrower shall have the right to sell all of the Loan Assets in whole but not in part on any Business Day in a sale not meeting the conditions set forth in clauses (a)-(e) of this Section 2.07 if use the proceeds thereof to pay all of the Obligations in full pursuant to Section 2.16(b), and (ii) the Borrower shall have the right to sell all or a portion of the Loan Assets on any Business Day in a sale not meeting the conditions set forth in Section 2.07(e) (but for the avoidance of doubt, meeting the other conditions set forth in clauses (a)-(d) of this Section 2.07) on not more than two occasions in connection with a securitization or refinancing of such Loan Assets.

Optional Sales. So long as no Event of Default has occurred and is continuing, (i) the Borrower shall have the right to sell all of the Loan Assets in whole but not in part on any Business Day in a sale not meeting the conditions set forth in clauses (a)-(ea) through (e) of this Section 2.07 if use the proceeds thereof are used to pay all of the Obligations in full pursuant to Section 2.16(b), and (ii) the Borrower shall have the right to sell all or a portion of the Loan Assets on any Business Day in a sale not meeting the conditions set forth in Section 2.07(e) (but for the avoidance of doubt, meeting the other conditions set forth in clauses (a)-(da) through (c) of this Section 2.07) on not more than two occasions in connection with a securitization or refinancing of such Loan Assets.