Common use of Lease-Backs Clause in Contracts

Lease-Backs. La Quinta covenants and agrees that it will not, and will not permit any Subsidiary or Unincorporated Venture to, enter into any arrangements, directly or indirectly, with any Person, whereby La Quinta, any Subsidiary or Unincorporated Venture shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in its business, and thereafter rent or lease the property sold or transferred in an aggregate amount (determined at the greater of fair market value or net book value) in excess of $20,000,000 while this Agreement is in effect.