Sale and Leaseback Transaction. The Borrower will not, and will not permit any of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Appears in 4 contracts
Samples: Credit Agreement (United Community Banks Inc), 364 Day Revolving Credit Agreement (BNC Bancorp), Credit Agreement (United Community Banks Inc)