Sale and Leasebacks definition

Sale and Leasebacks means sales and leasebacks of assets of the Company or a Subsidiary that give rise to Interest-bearing Debt, calculated as if the relevant leases were Capitalized Leases (whether or not actually constituting Capitalized Leases).
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Examples of Sale and Leasebacks in a sentence

  • Based on the data on the length of lease periods of the Group’s finance leases, the Direct Leases have an average lease period of approximately 14.75 years, and the Sale and Leasebacks have an average lease period of approximately 6 years.

  • Fisher, The Wealth Effects of Sale and Leasebacks: New Evidence, 32 Real Est.

  • The Group’s operation is rather stable and the paces of our project construction is orderly and gradual, and as a result, there will not be significant fluctuation in the length of lease periods of our Direct Leases and Sale and Leasebacks.

  • NEGATIVE COVENANTS 66 6.1. Indebtedness 66 6.2. Liens 66 6.3. Merger, Consolidation, Amalgamation, Permitted Acquisitions 66 6.4. Transfer of Assets 67 6.5. Change Name 67 6.6. Reserved 67 TABLE OF CONTENTS (continued) Page 6.7. Term Loan Agreement; Amendments 67 6.8. Sale and Leasebacks 68 6.9. Restricted Payments 68 6.10.

  • The Reinsurer will allow the Company to deduct, for the purpose of paying Federal Excise Tax, the applicable percentage of any premium payable hereon (as imposed under Section 4371 of the Code) to the extent such premium is subject to such tax.

  • Sale and Leasebacks Successful long-income investors are able to work with large corporations to identify sale and leaseback opportunities across all sub-sectors of the market.

  • Sale and Leasebacks are very similar economically to Secured Debt, and are therefore treated very similarly under Indentures and Credit Agreements.

  • Parent shall not, and shall not permit any of its Subsidiaries to, enter into any Sale and Leaseback if the Attributable Debt of such Sale and Leaseback exceeds the difference between (a) $10,000,000, minus (b) the sum of (i) the aggregate amount of all Attributable Debt of all other Sale and Leasebacks occurring on and after the Effective Date plus (ii) the aggregate outstanding principal amount of other Debt of Parent and their Subsidiaries permitted pursuant to Section 5.06.

  • If convenient, operate the pump in this manner overnight to clean badly contaminated oil.If it is necessary to clean the oil in the shortest period, the time needed can be estimated as follows: Observe the pump’s blank-off pressure with the gas ballast valve fully closed.

  • Section 11.07 Limitation on Sale and Leasebacks Enter into any arrangement with any Person whereby such Group Entity shall sell or otherwise transfer any property owned by it either: (a) such Person and thereafter rent or lease such Property from such Person; or (b) 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 Entity.

Related to Sale and Leasebacks

  • Sale and Leaseback Transaction means, with respect to any Person, any arrangement, directly or indirectly, whereby such Person shall sell or transfer any property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or transferred.

  • Sale and Lease-Back Transaction shall have the meaning assigned to such term in Section 6.03.

  • Sale/Leaseback Transaction means an arrangement relating to property owned by the Company or a Restricted Subsidiary on the Issue Date or thereafter acquired by the Company or a Restricted Subsidiary whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or a Restricted Subsidiary leases it from such Person.

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between the Borrower or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 10.4.

  • Principal Property means any manufacturing plant or manufacturing facility, located within the United States of America (other than its territories and possessions), owned or leased by the Company or any Restricted Subsidiary, unless, in the opinion of the Board of Directors, such plant, facility or property is not of material importance to the total business conducted by the Company and its Restricted Subsidiaries as an entirety.

  • Attributable Debt in respect of a sale and leaseback transaction means, at the time of determination, the present value (discounted at the rate of interest implicit in such transaction, determined in accordance with GAAP) of the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction (including any period for which such lease has been extended or may, at the option of the lessor, be extended).