Common use of Leasebacks Clause in Contracts

Leasebacks. Enter into any agreement to sell or transfer any Property and thereafter rent or lease as lessee such Property or other Property intended for the same use or purpose as the Property sold or transferred.

Appears in 41 contracts

Sources: Term Loan Agreement (Viking Energy Group, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.)

Leasebacks. Enter into any agreement to sell or transfer any ---------- Property and thereafter rent or lease as lessee such Property or other Property intended for the same use or purpose as the Property sold or transferred.

Appears in 3 contracts

Sources: Credit Agreement (Southern Mineral Corp), Credit Agreement (Pendaries Petroleum LTD), Credit Agreement (Sheridan Energy Inc)

Leasebacks. Enter into any agreement to sell or transfer any Mortgaged Property and thereafter rent or lease as lessee such Property or other Property intended for the same use or purpose as the Property sold or transferred.

Appears in 2 contracts

Sources: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Harken Energy Corp)

Leasebacks. Enter into (or permit any of its Subsidiaries to enter into) any agreement to sell or transfer any Property and thereafter rent or lease as lessee such Property or other Property intended for the same use or purpose as the Property sold or transferred.

Appears in 1 contract

Sources: Credit Agreement (Midcoast Energy Resources Inc)