Common use of Leasebacks Clause in Contracts

Leasebacks. Enter into any agreement to sell or transfer any Borrowing Base Oil and Gas Properties 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 (United Heritage Corp), Credit Agreement (Stratum Holdings, Inc.), Credit Agreement (Tradestar Services, Inc.)