Sales and Leasebacks. Neither the Company nor any of its Subsidiaries shall become liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions and sale and leaseback obligations of The ▇▇▇▇ Group Inc. and its Subsidiaries existing on the Closing Date and permitted under the Transaction Agreement), unless the sale involved is not prohibited under Section 7.02, the lease involved is not prohibited under Section 7.01 and any related Investment is not prohibited under Section 7.04.
Appears in 15 contracts
Sources: Credit Agreement (Chicago Bridge & Iron Co N V), Term Loan Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V)
Sales and Leasebacks. Neither the Company nor any of its Subsidiaries shall become liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions and sale and leaseback obligations of The ▇▇▇▇ Group Inc. and its Subsidiaries existing on the Closing Date and permitted under the Transaction AgreementTransactions), unless the sale involved is not prohibited under Section 7.027.3(B), the lease involved is not prohibited under Section 7.01 7.3(A) and any related Investment is not prohibited under Section 7.047.3(D).
Appears in 6 contracts
Sources: Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V)
Sales and Leasebacks. Neither the Company nor any of its Subsidiaries shall become liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions and sale and leaseback obligations of The ▇▇▇▇ Group Inc. and its Subsidiaries existing on the Transaction Closing Date and permitted under the Transaction Agreement), unless the sale involved is not prohibited under Section 7.027.3(b), the lease involved is not prohibited under Section 7.01 7.3(a) and any related Investment is not prohibited under Section 7.047.3(d).
Appears in 3 contracts
Sources: Term Loan Agreement (Chicago Bridge & Iron Co N V), Term Loan Agreement (Chicago Bridge & Iron Co N V), Revolving Credit Agreement (Chicago Bridge & Iron Co N V)
Sales and Leasebacks. Neither the Company nor any of its Subsidiaries shall become liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions and sale and leaseback obligations of The ▇▇▇▇ Group Inc. and its Subsidiaries existing on the Closing Date and permitted under the Transaction AgreementTransactions), unless (i) the Company shall have prepaid the outstanding Advances and reduced the Aggregate Commitment in accordance with Sections 2.4(B) and 2.5(B), and (ii) the sale involved is not prohibited under Section 7.027.3(B), the lease involved is not prohibited under Section 7.01 7.3(A) and any related Investment is not prohibited under Section 7.047.3(D).
Appears in 2 contracts
Sources: Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V)
Sales and Leasebacks. Neither the Company nor any of its Subsidiaries shall become liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions and sale and leaseback obligations of The ▇▇▇▇ Group Inc. and its Subsidiaries existing on the Closing Date and permitted under the Transaction Agreement), unless the sale involved is not prohibited under Section 7.02, the lease involved is not prohibited under Section 7.01 and any related Investment is not prohibited under Section 7.04.. 67484784_12
Appears in 1 contract
Sources: Revolving Credit Agreement (Chicago Bridge & Iron Co N V)