Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than operating lease transactions for equipment paid for by such operating leases.
Appears in 6 contracts
Sources: Term Loan Credit Agreement (Team Inc), Credit Agreement (Team Inc), Term Loan Credit Agreement (Team Inc)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale Sale and leaseback transaction Leaseback Transaction other than (i) operating lease transactions for equipment paid for by such operating leasesleases and (ii) any Sale and Leaseback Transactions permitted under Section 8.5(m).
Appears in 6 contracts
Sources: Credit Agreement (Team Inc), Second Lien Term Loan Credit Agreement (Team Inc), Second Lien Term Loan Credit Agreement (Team Inc)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction transaction, other than operating lease transactions for equipment paid for by such operating leases.
Appears in 5 contracts
Sources: Loan and Security Agreement (Trade Desk, Inc.), Loan and Security Agreement (Trade Desk, Inc.), Loan and Security Agreement (Trade Desk, Inc.)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than (i) operating lease transactions for equipment paid for by such operating leasesleases and (ii) any Sale and Leaseback Transactions permitted under Section 8.5(n).
Appears in 4 contracts
Sources: Unsecured Term Loan Credit Agreement (Corre Horizon Fund, Lp), Unsecured Term Loan Credit Agreement (Team Inc), Term Loan Credit Agreement (Team Inc)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than operating lease transactions for equipment paid for by such operating leasesREAL OR PERSONAL PROPERTY IN CONNECTION WITH ANY SALE AND LEASEBACK TRANSACTION, OTHER THAN OPERATING LEASE TRANSACTIONS FOR EQUIPMENT PAID FOR BY SUCH OPERATING LEASES.
Appears in 2 contracts
Sources: Loan and Security Agreement (Trade Desk, Inc.), Loan and Security Agreement (Trade Desk, Inc.)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than (i) operating lease transactions for equipment paid for by such operating leasesleases and (ii) any Sale and Leaseback Transactions permitted under Section 8.5(m).
Appears in 1 contract
Sources: Credit Agreement (Team Inc)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than operating lease except in transactions for equipment paid for by such operating leasespermitted under this Article VIII. [Reserved] [Reserved].
Appears in 1 contract
Sources: Credit Agreement (Stitch Fix, Inc.)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than operating lease transactions unless such transaction is for equipment paid for by such operating leasesfair value and entered into on an arm’s-length basis and contains arm’s-length terms.
Appears in 1 contract
Sources: Credit Agreement (Navan, Inc.)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than (i) operating lease transactions for equipment paid for by such operating leasesleases and (ii) any Sale and Leaseback Transactions permitted under Section 8.5(n). 8.19 (Reserved).
Appears in 1 contract
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale saleSale and leaseback transaction transactionLeaseback Transaction other than (i) operating lease transactions for equipment paid for by such operating leasesleases and (ii) any Sale and Leaseback Transactions permitted under Section 8.5(m).
Appears in 1 contract
Sources: Credit Agreement (Team Inc)
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale and leaseback transaction other than operating lease transactions for equipment paid for by such operating leases. 8.19 [Reserved].
Appears in 1 contract
Lease Obligations. The Loan Parties will not, and will not permit any of their Subsidiaries to, at any time create, incur or assume any obligations as lessee for the rental or hire of real or personal property in connection with any sale Sale and leaseback transaction Leaseback Transaction, other than (i) operating lease transactions for equipment paid for by such operating leasesleases and (ii) any Sale and Leaseback Transactions permitted under Section 8.5(m).
Appears in 1 contract
Sources: Credit Agreement (Team Inc)