Permitted Sale and Leaseback Transaction definition
Permitted Sale and Leaseback Transaction has the meaning provided in Section 3.02(b).
Permitted Sale and Leaseback Transaction has the meaning specified in Section 7.18.
Permitted Sale and Leaseback Transaction means any of the following: (i) temporary leases for a term, including renewals at the option of the lessee, of not more than three years, (ii) leases between only the Company and a Subsidiary or only between Subsidiaries of the Company, (iii) leases of property executed by the time of, or within 12 months after the latest of (A) the acquisition, (B) the completion of construction or improvement or (C) the commencement of commercial operation of the property and (iv) any Sale and Leaseback Transaction regarding the real property in Silver Spring, Maryland and the Company’s headquarters building located on such property.
Examples of Permitted Sale and Leaseback Transaction in a sentence
Enter into any Sale and Leaseback Transaction (other than any Permitted Sale and Leaseback Transaction).
Enter into any Sale and Leaseback Transaction other than a Permitted Sale and Leaseback Transaction.
Enter into any Sale and Leaseback Transaction, except for any Permitted Sale and Leaseback Transaction.
More Definitions of Permitted Sale and Leaseback Transaction
Permitted Sale and Leaseback Transaction means any Sale and Leaseback Transaction consummated by the Parent Guarantor or any of its Restricted Subsidiaries after the Issue Date for Fair Market Value as determined at the time of consummation in good faith by (i) the Parent Guarantor or a Restricted Subsidiary and (ii) in the case of any Sale and Leaseback Transaction (or series of related Sale and Leaseback Transactions) the aggregate proceeds of which exceed the greater of (x) $90.0 million and (y) 12.5% of Consolidated EBITDA for the Test Period, the Board of Directors of the Parent Guarantor or such Restricted Subsidiary.
Permitted Sale and Leaseback Transaction means any Sale and Leaseback Transaction entered into by the Borrower or any of its Subsidiaries after the Closing Date provided that the aggregate fair market value of all properties of the Borrower and its Subsidiaries that are Disposed of pursuant to Permitted Sale and Leaseback Transactions shall not exceed $50,000,000.
Permitted Sale and Leaseback Transaction means an arrangement entered into by the Borrower or any of its Subsidiaries with any Person providing for the Borrower or such Subsidiary to lease or rent property, plant and equipment that the Borrower or such Subsidiary has or will sell or otherwise transfer to such Person, provided that the aggregate value of property, plant and equipment sold or otherwise transferred pursuant to such arrangements shall not exceed $20,000,000 during any Fiscal Year.
Permitted Sale and Leaseback Transaction means any Sale and Leaseback Transaction: (i) between the Company and any of its Subsidiaries or between any of the Company’s Subsidiaries; or
Permitted Sale and Leaseback Transaction means any of the following: (i) temporary leases for a term, including renewals at the option of the lessee, of not more than three years, (ii) leases between only the Company and a Subsidiary or only between Subsidiaries of the Company and (iii) leases of property executed by the time of, or within 12 months after the latest of (A) the acquisition, (B) the completion of construction or improvement or (C) the commencement of commercial operation of the property.
Permitted Sale and Leaseback Transaction means the sale by the Borrower of the ▇▇▇▇▇▇ Property to a bona fide third party purchaser and thereafter the lease of the ▇▇▇▇▇▇ Property by the Borrower or a Subsidiary thereof from such purchaser for use for substantially the same purpose or purposes as the Borrower was using the real property for at the time of the sale.
Permitted Sale and Leaseback Transaction means a Sale and Leaseback Transaction, provided that (x) the property subject thereto consists only of real estate and related improvements and (y) such transaction, together with all other Permitted Sale and Leaseback Transactions, is otherwise permitted hereunder.