Common use of Sale Procedures Clause in Contracts

Sale Procedures. If it is determined that a Monthly Prepayment Amount will be due on the next Payment Date for the Notes or the Certificates, the Indenture Trustee shall, by no later than the 10th day before such Payment Date, notify the Swap Counterparty, and shall arrange for the sale, for settlement on such Payment Date, in accordance with the Sale Procedures, of an aggregate Par Amount of Eligible Investments which, together with the principal amount of Collateral Obligations to be sold, all as directed by the Swap Counterparty pursuant to the Swap Agreement, will equal the sum of the Mandatory Prepayment Amount due on the Notes and the Mandatory Prepayment due on the Certificates on such next Payment Date.