Common use of Sale and Leaseback Transactions Clause in Contracts

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Subsidiary Guarantor 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 10 contracts

Samples: Credit Agreement (OHA Investment Corp), Revolving Credit Agreement (NGP Capital Resources CO), Treasury Secured Revolving Credit Agreement (NGP Capital Resources CO)

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Sale and Leaseback Transactions. The Borrower will not, and will not permit any Restricted Subsidiary Guarantor 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 transferred, except for such transactions requiring payments not in excess of $25,000,000 in the aggregate in any fiscal year.

Appears in 5 contracts

Samples: Credit Agreement (Dean Foods Co), Credit Agreement (Dean Foods Co), Credit Agreement (WHITEWAVE FOODS Co)

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Subsidiary Guarantor 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 leases 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.

Appears in 5 contracts

Samples: Credit Agreement (Galaxy Gaming, Inc.), Credit Agreement (Galaxy Gaming, Inc.), Credit Agreement (NGA Holdco, LLC)

Sale and Leaseback Transactions. The Borrower will not, and nor will not it permit any Subsidiary Guarantor 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 (Horizon Global Corp), Term Loan Credit Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp)

Sale and Leaseback Transactions. The Borrower will not, and nor will not it permit any Subsidiary Guarantor 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”).

Appears in 4 contracts

Samples: Credit Agreement (SJW Group), Credit Agreement (SJW Group), Credit Agreement (SJW Corp)

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Subsidiary Guarantor 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.

Appears in 4 contracts

Samples: Term Loan Agreement (Tc Pipelines Lp), Term Loan Agreement (Tc Pipelines Lp), Term Loan Agreement (Tc Pipelines Lp)

Sale and Leaseback Transactions. The Neither the Borrower will, nor will notHoldings, and will not permit any Restricted Subsidiary Guarantor 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 transferred., except for:

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Resideo Technologies, Inc.), Credit Agreement (Resideo Technologies, Inc.), Second Amendment (Resideo Technologies, Inc.)

Sale and Leaseback Transactions. The Borrower will shall not, and will shall not permit any Restricted Subsidiary Guarantor 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 leases 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.

Appears in 3 contracts

Samples: Credit Agreement (Universal Electronics Inc), Credit Agreement (Universal Electronics Inc), Credit Agreement (Universal Electronics Inc)

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Subsidiary Guarantor 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 2 contracts

Samples: Credit Agreement (Epmr Corp), Daisy Parts Inc

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Restricted Subsidiary Guarantor 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 transferred, except for such transactions requiring payments not in excess of $50,000,000 in the aggregate on an annual basis.

Appears in 2 contracts

Samples: Credit Agreement (Dean Foods Co), Credit Agreement (Dean Foods Co)

Sale and Leaseback Transactions. The Borrower will not, and nor will not permit any Subsidiary Guarantor 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 or a substantially similar purpose or purposes as the property sold or transferred.

Appears in 2 contracts

Samples: Loan Agreement (Vitesse Semiconductor Corp), Credit Agreement (Electromed, Inc.)

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Subsidiary Guarantor 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 transferred.

Appears in 2 contracts

Samples: Credit Agreement (Paradyne Networks Inc), Bridge Financing Agreement (Choice One Communications Inc)

Sale and Leaseback Transactions. The Borrower will -------------------------------- not, and will not permit any Subsidiary Guarantor 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 2 contracts

Samples: Credit Agreement (Wki Holding Co Inc), Credit Agreement (Wki Holding Co Inc)

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Sale and Leaseback Transactions. The Borrower will not, and nor will not it permit any Subsidiary Guarantor 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 with respect to the Permitted Sale and Leaseback Transaction.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Horizon Global Corp)

Sale and Leaseback Transactions. The Borrower Borrowers will not, and will not permit any Restricted Subsidiary Guarantor 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 1 contract

Samples: Credit Agreement (Sanchez Energy Corp)

Sale and Leaseback Transactions. The Borrower will shall not, and will shall not permit any Subsidiary Guarantor 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 1 contract

Samples: Construction and Term Loan Agreement (Rex Stores Corp)

Sale and Leaseback Transactions. The Borrower will not, and nor will not it permit any Subsidiary Guarantor 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 transferred, except to the extent such sale or transfer is permitted by Section 6.05(i).

Appears in 1 contract

Samples: Credit Agreement

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Restricted Subsidiary Guarantor 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 transferred.

Appears in 1 contract

Samples: Credit Agreement (Sanchez Energy Corp)

Sale and Leaseback Transactions. The Borrower will not, and nor will not it permit any Subsidiary Guarantor to, enter into any arrangementagreement, 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 rend 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 1 contract

Samples: Credit Agreement (Xenith Bankshares, Inc.)

Sale and Leaseback Transactions. The Borrower will not, and will not permit any Restricted Subsidiary Guarantor 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 transferred., except for any such sale of any fixed or capital assets by the Borrower or any Restricted

Appears in 1 contract

Samples: Credit Agreement (Virtus Investment Partners, Inc.)

Sale and Leaseback Transactions. The Borrower will not, and nor will not it permit any Subsidiary Guarantor to, enter into any arrangementagreement, 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 (such an agreement being referred to in this Agreement as a “Sale/Leaseback Agreement”).

Appears in 1 contract

Samples: Credit Agreement (MVB Financial Corp)

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