Common use of Sale or Disposition of Portfolio Assets On and After the Conversion Date Clause in Contracts

Sale or Disposition of Portfolio Assets On and After the Conversion Date. On and after the Conversion Date, the Collateral Manager may, only with the prior written approval of the Administrative Agent, arrange for the sale or disposition of all or a portion of the Portfolio Assets; provided, however, that the prior written approval of the Administrative Agent shall not be required so long as the proceeds of such sale or disposition, together with the funds on deposit in the Accounts (including funds invested or held in Eligible Investments), are equal to or greater than 105% of the Termination Obligations.