Common use of Sale and Leaseback Transactions Clause in Contracts

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the its Restricted 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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 transferredtransferred (each, a “Sale/Leaseback Transaction) without the prior written consent of the Administrative Agent, such consent not to be unreasonably withheld.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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 as lessee such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.

Sale and Leaseback Transactions. The Borrower Borrowers will not, and will not permit any of the their 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell sells or transfer transfers 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the Subsidiaries Subsidiary 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.

Sale and Leaseback Transactions. The Borrower will not, and nor will not it permit any of the Subsidiaries to, enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, Property used or useful in its business, whether now owned or hereinafter hereafter acquired, and thereafter rent or lease such property Property or other property Property that it intends to use for substantially the same purpose or purposes as the property Property being sold or transferred.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the Subsidiaries to, enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, Property used or useful in its business, whether now owned or hereinafter hereafter acquired, and thereafter rent or lease such property Property or other property Property that it intends to use for substantially the same purpose or purposes as the property Property being sold or transferred.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the its Subsidiaries to, directly or indirectly, 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.

Sale and Leaseback Transactions. The Borrower Borrowers will not, and will not permit any of the their respective 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.

Sale and Leaseback Transactions. The Borrower will notnot enter into, and will not permit any of the its Subsidiaries toto enter into, 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 or a substantially similar purpose or purposes as the property sold or transferred., except for:

Sale and Leaseback Transactions. The Borrower Borrowers will not, and will not permit any of the 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.

Sale and Leaseback Transactions. The Borrower Borrowers will not, and will not permit any of the their Restricted 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.

Sale and Leaseback Transactions. The Borrower will shall not, and will shall not permit any of the Subsidiaries toits Subsidiaries, to enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, and used or useful in its business, whether now owned or hereinafter hereafter acquired, and thereafter rent or lease such property or other property that which it intends to use for substantially the same purpose or purposes as the property being sold or transferred, except for any such arrangements that are entered into in the Borrower’s ordinary course of business.

Sale and Leaseback Transactions. The Borrower Borrowers will not, and will not permit any of the its Restricted 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.

Sale and Leaseback Transactions. The Borrower and the Parent will not, and will not permit any of the Borrower’s 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 hereafter 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 transferredtransferred (a “Sale and Leaseback Transaction”).

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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 businessPrincipal Property, whether now owned or hereinafter acquired, and thereafter rent or lease such property Principal Property or other property that it intends to use for substantially the same purpose or purposes as the property Principal Property sold or transferredtransferred (any such arrangement, a "Sale-Leaseback Transaction"), other than Permitted Sale-Leaseback Transactions.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.. Section 7.10

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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, except to the extent that the sale of such property in a sale and leaseback transaction is permitted by Section 7.6(d)(ii).

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.. 68 Patriot National Credit Agreement

Sale and Leaseback Transactions. The Borrower Holdings and the Borrowers will not, and will not permit any of the their 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.

Sale and Leaseback Transactions. The Borrower will not, ------------------------------- and will not permit any of the 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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 hereafter acquired, which property has been owned by the Borrower and thereafter rent or lease such property or other property that it intends to use its Subsidiaries for substantially the same purpose or purposes as the property sold or transferred.more than 180 days, and

Sale and Leaseback Transactions. The Borrower will not, shall not and will shall not permit any of the its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall enter into any arrangement with any Person providing for the Borrower, or any of its Subsidiaries, to lease or rent property that the Borrower, or any of its Subsidiaries, has sold or will sell or otherwise transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease to such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredPerson.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.intends

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any propertyProperty, real or personal, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property Property or other property Property that it intends to use for substantially the same purpose or purposes as the property Property sold or transferred.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the Subsidiaries (other than an Excluded Subsidiary) 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.substantially

Sale and Leaseback Transactions. The Borrower will shall not, and will shall not permit any of the Subsidiaries toits Subsidiaries, to enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, and used or useful in its business, whether now owned or hereinafter hereafter acquired, and thereafter rent or lease such property or other property that which it intends to use for substantially the same purpose or purposes as the property being sold or transferred, except for any such arrangements that are entered into in the Borrower's ordinary course of business.

Sale and Leaseback Transactions. The Such Borrower will not, and nor will not it permit any of the 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 hereafter 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 transferredtransferred (a “Sale and Leaseback Transaction”).

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any real 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.

Sale and Leaseback Transactions. The Borrower will ------------------------------- not, and will not permit any of the 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.

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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 transferredtransferred (each, a “Sale/Leaseback Transaction”).

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.. Section 7.10

Sale and Leaseback Transactions. The Borrower will not, and will not permit any of the 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.

Sale and Leaseback Transactions. The Borrower Borrowers will not, and will not permit any of the Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it they shall sell or transfer any property, real or personal, used or useful in its their business, whether now owned or hereinafter acquired, and thereafter rent or lease such property or other property that it intends they intend to use for substantially the same purpose or purposes as the property sold or transferred.