Common use of Leasebacks Clause in Contracts

Leasebacks. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property.

Appears in 4 contracts

Sources: Loan Agreement (Procaccianti Hotel Reit, Inc.), Loan Agreement (Procaccianti Hotel Reit, Inc.), Construction Loan Agreement (Pangaea Logistics Solutions Ltd.)

Leasebacks. Enter into any arrangementarrangements, directly or indirectly, with any Person person whereby it the Company shall sell or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent used or useful in the Company's business, in connection with the rental or lease such propertyor the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 3 contracts

Sources: Loan Agreement (Guitammer Co), Loan Agreement (Guitammer Co), Loan Agreement (Guitammer Co)

Leasebacks. Enter into any arrangementarrangements, directly or indirectly, with any Person person, whereby it the Company shall sell or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent used or useful in the Company's business, in connection with the rental or lease such propertyof the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 3 contracts

Sources: Loan Agreement (Kahiki Foods Inc), Loan Agreement (Republic Engineered Products Holdings LLC), Loan Agreement (PAV Republic, Inc.)

Leasebacks. Enter into any arrangementarrangements, directly or indirectly, with any Person person whereby it the Company shall sell or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent used or useful in the Company’s business, in connection with the rental or lease such propertyor the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 3 contracts

Sources: Loan Agreement (Globalwise Investments Inc), Loan Agreement (Globalwise Investments Inc), Loan Agreement (Dpac Technologies Corp)

Leasebacks. Enter into any arrangement, directly or indirectly, with any Person whereby it the Borrower shall sell convey or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property.

Appears in 1 contract

Sources: Loan Agreement (HappyNest REIT, Inc.)

Leasebacks. Enter into any arrangementarrangements, directly or indirectly, with any Person person or entity, whereby it either Borrower shall sell or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent used or useful in such Borrower’s business, in connection with the rental or lease of the property so transferred or of other property which such propertyBorrower intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 1 contract

Sources: Loan Agreement (First Solar, Inc.)

Leasebacks. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it the Borrower shall sell or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent used or useful in the Borrower’s business, in connection with the rental or lease such propertyof the property so sold or transferred or of other property which the Borrower intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 1 contract

Sources: Loan Agreement