Restrictions on Sales and Leasebacks. (a) Except for a sale or transfer between a Restricted Subsidiary and the Company or between Restricted Subsidiaries, the Company covenants and agrees that it will not and will not permit any Restricted Subsidiary to, sell or transfer any Principal Property owned by the Company or a Restricted Subsidiary, with the intention that the Company or any Restricted Subsidiary take back a lease thereof, except a lease for a period, including renewals, of less than three years, by the end of which period it is intended that the use of such Principal Property by the lessee will be discontinued (any such transaction being herein referred to as a “sale and leaseback transaction”) unless either:
Appears in 4 contracts
Samples: Indenture (Royal Caribbean Cruises LTD), First Supplemental Indenture (Royal Caribbean Cruises LTD), Royal Caribbean Cruises LTD
Restrictions on Sales and Leasebacks. (a) Except for a sale or transfer between a Restricted Subsidiary and the Company or between Restricted Subsidiaries, the Company covenants and agrees that it will not and will not permit any Restricted Subsidiary to, sell or transfer any Principal Property owned by the Company or a Restricted Subsidiary, with the intention that the Company or any Restricted Subsidiary take back a lease thereof, except a lease for a period, including renewals, of less than three years, by the end of which period it is intended that the use of such Principal Property by the lessee will be discontinued (any such transaction being herein referred to as a “"sale and leaseback transaction”") unless either:
Appears in 2 contracts
Samples: Fifteenth Supplemental Indenture (Royal Caribbean Cruises LTD), Fourteenth Supplemental Indenture (Royal Caribbean Cruises LTD)
Restrictions on Sales and Leasebacks. (a) Except for a sale or transfer between a Restricted Subsidiary and the Company or between Restricted Subsidiaries, the Company covenants and agrees that it will not and will not permit any Restricted Subsidiary to, sell or transfer any Principal Property owned by the Company or a Restricted Subsidiary, with the intention that the Company or any Restricted Subsidiary take back a lease thereof, except a lease for a period, including renewals, of less than three years, by the end of which period it is intended that the use of such Principal Property by the lessee will be discontinued (any such transaction being herein referred to as a “sale and leaseback transaction”) unless either:: ffny03\kanarda\673880.4 (NY) 18002/046/INDENTURE/indenture.doc
Appears in 1 contract
Samples: Royal Caribbean Cruises LTD
