Common use of Restrictions on Sale and Leaseback Transactions Clause in Contracts

Restrictions on Sale and Leaseback Transactions. The Company will not itself, and will not permit any Restricted Subsidiary to, enter into any transaction after the date hereof with any Person, providing for the leasing by the Company or a Restricted Subsidiary of any Principal Property which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person (herein referred to as a "Sale and Leaseback Transaction") unless:

Appears in 2 contracts

Samples: Manor Care (Manor Care Inc/New), Manor Care Inc/New

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Restrictions on Sale and Leaseback Transactions. The To the extent made applicable to the Securities of a particular series, the Company will not itself, and it will not permit any Restricted Subsidiary to, enter into any transaction after the date hereof arrangement with any Person, providing for the leasing by the Company or a Restricted Subsidiary for a period, including renewals, in excess of three years of any Principal Property property or assets which has have been or is are to be sold or transferred by the Company or such Restricted any Subsidiary to such Person (herein referred to as a "Sale and Leaseback Transaction") unlessunless either:

Appears in 1 contract

Samples: Texas New Mexico Power Co

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Restrictions on Sale and Leaseback Transactions. The To the extent made applicable to the Securities of a particular series, the Company will not itself, and will not permit any Restricted Subsidiary to, enter into any transaction after the date hereof arrangement with any Person, providing for the leasing by the Company or a Restricted Subsidiary for a period, including renewals, in excess of three years of any Principal Property which has have been or is are to be sold or transferred by the Company or such Restricted any Subsidiary to such Person (herein referred to as a "Sale and Leaseback Transaction") unlessunless either:

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

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