Common use of Sales and Leasebacks Clause in Contracts

Sales and Leasebacks. Borrower shall not, directly or indirectly, enter into any arrangement with any Person providing for the leasing from such Person of real or personal property which has been or is to be sold or transferred, directly or indirectly, by Borrower to such Person.

Appears in 5 contracts

Samples: Loan and Security Agreement (Tattooed Chef, Inc.), Loan and Security Agreement (Radisys Corp), Loan and Security Agreement (ScripsAmerica, Inc.)

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Sales and Leasebacks. Borrower Borrowers shall not, directly or indirectly, not enter into any arrangement with any Person providing by which a Borrower would sell or transfer any of its Property, whether now owned or hereafter acquired, and by which a Borrower shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property that it intends to use for substantially the leasing from such Person of real same purpose or personal property which has been or is to be purposes as the Property sold or transferred, directly or indirectly, by Borrower to such Person.

Appears in 4 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

Sales and Leasebacks. The Borrower shall notwill not enter into any arrangement, directly or indirectly, enter into any arrangement with any Person providing whereby the Borrower shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower intends to use for substantially the leasing from such Person of real same purpose or personal property which has been or is to be purposes as the Property sold or transferred, directly or indirectly, by Borrower to such Person.

Appears in 2 contracts

Samples: Guaranty Agreement (Midcoast Energy Resources Inc), Credit Agreement (Edge Petroleum Corp)

Sales and Leasebacks. The Borrower shall not, directly or indirectly, not enter into any arrangement with any Person providing for the leasing from such Person by the Borrower of real or personal property which that has been or is to be sold or transferred, directly or indirectly, transferred by the Borrower to such PersonPerson or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Cheniere Energy Partners, L.P.)

Sales and Leasebacks. Borrower Borrowers shall not, directly or indirectly, enter into any arrangement with any Person providing for the leasing from such Person of real or personal property which has been or is to be sold or transferred, directly or indirectly, by any Borrower to such Person.

Appears in 1 contract

Samples: Business Loan Agreement (Fuse Medical, Inc.)

Sales and Leasebacks. The Borrower shall notwill not enter into any arrangement, directly or indirectly, enter into any arrangement with any Person providing whereby the Borrower shall sell or transfer any Property, whether now owned or hereafter acquired, and whereby the Borrower shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower intends to use for substantially the leasing from such Person of real same purpose or personal property which has been or is to be purposes as the Property sold or transferred, directly or indirectly, by Borrower to such Person.

Appears in 1 contract

Samples: Loan Agreement (Newmark Homes Corp)

Sales and Leasebacks. No Borrower shall notshall, directly or indirectly, enter into any arrangement with any Person providing for the leasing from such Person of real or personal property which has been or is to be sold or transferred, directly or indirectly, by such Borrower to such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)

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Sales and Leasebacks. Borrower The Borrowers shall not, directly or indirectly, not enter into any arrangement with any Person providing for the leasing from such Person of real or personal property which has been or is to be sold or transferred, directly or indirectly, by Borrower the Borrowers to such Person.

Appears in 1 contract

Samples: Credit, Loan and Security Agreement (Airport Systems International Inc)

Sales and Leasebacks. Borrower shall notwill not enter into any arrangement, directly or indirectly, enter into any arrangement with any Person providing whereby Borrower shall sell or transfer any Properties, whether now owned or hereafter acquired, and whereby Borrower shall then or thereafter rent or lease as lessee such Properties or any part thereof or other Properties which Borrower intends to use for substantially the leasing from such Person of real same purpose or personal property which has been or is to be purposes as the Properties sold or transferred, directly or indirectly, by Borrower to such Person.

Appears in 1 contract

Samples: Loan Agreement (Gainsco Inc)

Sales and Leasebacks. Borrower shall not, directly or indirectly, indirectly enter into any arrangement with any Person providing for the leasing from such Person of real or personal property which has been or is to be sold or transferred, directly or indirectly, by Borrower to such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Dallas Gold & Silver Exchange Inc /Nv/)

Sales and Leasebacks. The Borrower shall not, directly or indirectly, not enter into any arrangement with any Person providing for the leasing from such Person by the Borrower of real or personal property which has been or is to be sold or transferred, directly or indirectly, transferred by the Borrower to such Person.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nui Corp /Nj/)

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