Lease-Backs. Enter, or permit their Subsidiaries to enter, into any arrangements, directly or indirectly, with any Person, whereby the Borrowers or their Subsidiaries shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in its business, in connection with the rental or lease of the property so sold or transferred or of other property which the Borrowers or their Subsidiaries intend to use for substantially the same purpose or purposes as the property so sold or transferred.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Ambi Inc), Revolving Credit and Term Loan Agreement (Ambi Inc)