Lease-Backs. The Company will not, and will not permit any Restricted Subsidiary to, enter into any arrangements, directly or indirectly, with any Person, whereby the Company or any Restricted Subsidiary shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in their respective businesses in connection with the rental or lease of the property so sold or transferred or of other property which the Company or any Restricted Subsidiary intends to use for substantially the same purpose or purposes as the property so sold or transferred. .
Appears in 2 contracts
Sources: Note Agreement (World Acceptance Corp), Note Agreement (World Acceptance Corp)