Sale and Leaseback definition

Sale and Leaseback means, with respect to any Person, the sale of Property owned by that Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller.

Sale and Leaseback means any transaction or series of related transactions pursuant to which any Loan Party or any of its Subsidiaries (a) sells, transfers or otherwise disposes of any property, real or personal, whether now owned or hereafter acquired, and (b) as part of such transaction, thereafter rents or leases such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold, transferred or disposed.

Sale and Leaseback shall have the meaning set forth in Section 6.03.

Examples of Sale and Leaseback in a sentence

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation Aid.Notes to auditor: Refer to the Audit Program Section II, Chapter 10 for restrictions on the inclusion of Extraordinary Aid, Family Crisis Transportation Aid, and Additional Nonpublic School Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized Current Year School Bus Advertising revenue; and (J4) Family Crisis Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation AidNotes to auditor: Refer to the Audit Program Section II, Chapter 10 for restrictions on the inclusion of Extraordinary Aid, Family Crisis Transportation Aid, and Additional Nonpublic School Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation Aid.Notes to auditor: Refer to the Audit Program Section II, Chapter 10 for restrictions on the inclusion of Extraordinary Aid, Family CrisisTransportation Aid, and Additional Nonpublic School Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation Aid.

More Definitions of Sale and Leaseback

Sale and Leaseback means, with respect to any Person, the sale of Property owned by such Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller.

Sale and Leaseback has the meaning assigned to such term in Section 7.6.

Sale and Leaseback means a transaction in which a Registered Provider disposes of a freehold or superior leasehold interest in land or Property and acquires simultaneously a long leasehold interest in that land or Property.

Sale and Leaseback any arrangement with any Person providing for the leasing by any Group Member of real or personal property that has been or is to be sold or transferred by such Group Member to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of such Group Member.

Sale and Leaseback means any arrangement, directly or indirectly, with any Person whereby Ultimate Parent, the Borrower or any Subsidiary shall Dispose of any Property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such Property or other Property which it intends to use for substantially the same purpose or purposes as the Property being sold or transferred.

Sale and Leaseback has the meaning ascribed to such term in SECTION 9.08.

Sale and Leaseback means, with respect to any Person, the sale of Property owned by that Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller; provided that such term shall not include any sale under threat of condemnation which involves a concurrent leasing of such Property or any sale followed by a temporary lease for a term, including renewal thereof, of not more than three years.