Common use of Limitation on Sale and Lease-Back Clause in Contracts

Limitation on Sale and Lease-Back. Neither the Company nor any Restricted Subsidiary shall enter into any arrangement with any Person (other than the Company or a Subsidiary), or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary for a period of more than three years of any Restricted Property which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person (other than the Company or a Subsidiary), to which funds have been or are to be advanced by such Person on the security of the leased property (in this Article Five called "Sale and Lease-Back Transactions") unless either:

Appears in 3 contracts

Samples: Indenture (Betzdearborn Inc), Indenture (Lyondell Chemical Co), Equistar Funding Corp

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Limitation on Sale and Lease-Back. Neither the The Company covenants and agrees that neither it nor any Restricted Subsidiary shall will enter into any arrangement with any Person (other than the Company or a Subsidiary), or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary for a period of more than three years of any Restricted Property which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person (other than the Company or a Subsidiary), to which funds have been or are to be advanced by such Person on the security of the leased property (in this Article Five Section and in Section 5.02 hereof called a "Sale and Lease-Back TransactionsTransaction") unless either:

Appears in 2 contracts

Samples: Credit Agreement (Atlantic Richfield Co /De), Credit Agreement (Atlantic Richfield Co /De)

Limitation on Sale and Lease-Back. Neither the Company nor any Restricted Subsidiary shall enter into any arrangement with any Person (other than the Company or a Subsidiary), or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary for a period of more than three five years of any Restricted Property which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person (other than the Company or a Subsidiary), to which funds have been or are to be advanced by such Person on the security of the leased property (in this Article Five called "Sale and Lease-Back Transactions") unless either:

Appears in 2 contracts

Samples: Indenture (Lyondell Petrochemical Co), Indenture (Equistar Funding Corp)

Limitation on Sale and Lease-Back. Neither the The Company covenants and agrees that neither it nor any Restricted Subsidiary shall will enter into any arrangement with any Person (other than the Company or a Subsidiary), or to which any such Person is a party, providing for the leasing to the Company Company, or a Restricted Subsidiary Subsidiary, for a period period, including renewals, of more than three years of any Restricted Principal Property which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person (other than the Company or a Subsidiary), ) to which funds have been or are to be advanced by such Person on the security of the such leased property (in this Article Five Ten called a "Sale and Lease-Back TransactionsTransaction") unless either:

Appears in 2 contracts

Samples: Tribune Co, Tribune Co

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Limitation on Sale and Lease-Back. Neither the The Company covenants and agrees that neither it nor any Restricted Subsidiary shall will enter into any arrangement with any Person (other than the Company or a Subsidiary), or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary for a period of more than three years of any Restricted Property which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person (other than the Company or a Subsidiary), to which funds have been or are to be advanced by such Person on the security of the leased property (in this Article Five called "Sale and Lease-Back Transactions") unless either:

Appears in 1 contract

Samples: Indenture (Atlantic Richfield Co /De)

Limitation on Sale and Lease-Back. Neither the The Company covenants and agrees that neither it nor any Restricted Subsidiary shall will enter into any arrangement with any Person (other than the Company or a Subsidiary), or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary for a period of more than three years of any Restricted Property which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person (other than the Company or a Subsidiary), to which funds have been or are to be advanced by such Person on the security of the leased property (in this Article Five called "Sale and Lease-Back Transactions") unless either:;

Appears in 1 contract

Samples: Indenture (Atlantic Richfield Co /De)

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