Common use of Limitations on Sale/Leaseback Transactions Clause in Contracts

Limitations on Sale/Leaseback Transactions. It will not, and will not permit any of the Subsidiaries to, sell or transfer any manufacturing Properties to anyone (other than the Company or to a Subsidiary in which the Company owns 50% or more of the voting stock) with the intention of taking back a lease of such Property or any similar Property, except in connection with a lease for a temporary period during or at the end of which it is intended that the use by the Company or its Subsidiary of such Property will be discontinued.

Appears in 3 contracts

Samples: Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc), Note Purchase Agreement (Athens Holdings Inc)

AutoNDA by SimpleDocs

Limitations on Sale/Leaseback Transactions. It will not, and will not permit any of the Material Subsidiaries to, sell or transfer any manufacturing Properties to anyone (other than the Company or to a Material Subsidiary in which the Company owns 50% or more of the voting stock) with the intention of taking back a lease of such Property or any similar Property, except in connection with a lease for a temporary period during or at the end of which it is intended that the use by the Company or its Material Subsidiary of such Property will be discontinued.

Appears in 2 contracts

Samples: Note Purchase Agreement (Athens Holdings Inc), Credit Agreement (Hercules Inc)

Limitations on Sale/Leaseback Transactions. It will not, and will not permit any of the Subsidiaries to, sell or transfer any manufacturing Properties Property to anyone (other than to the Company or to a Subsidiary in which the Company owns 50% or more of the voting stockanother Credit Party) with the intention of taking back a lease of such Property or any similar Property, except in connection with a lease for a temporary period during or at the end of which it is intended that the use by the Company or its Subsidiary of such Property will be discontinued.

Appears in 1 contract

Samples: Credit Agreement (Hercules Inc)

AutoNDA by SimpleDocs

Limitations on Sale/Leaseback Transactions. It will not, and will not permit any of the Subsidiaries to, sell or transfer any manufacturing Properties Property to anyone (other than to the Company or to a Subsidiary in which the Company owns 50% or more of the voting stockanother Credit Party (other than any Foreign Borrower) with the intention of taking back a lease of such Property or any similar Property, except in connection with a lease for a temporary period during or at the end of which it is intended that the use by the Company or its Subsidiary of such Property will be discontinued.

Appears in 1 contract

Samples: Credit Agreement (Hercules Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.