Permitted Sale and Leaseback Transactions definition

Permitted Sale and Leaseback Transactions means (a)(i) any Sale and Leaseback Transaction of the Company’s administrative headquarters facility in The Woodlands, Texas or (ii) any Sale and Leaseback Transaction (other than in connection with clause (a)(i)) of all or any portion of the Company’s other property, in each case on terms acceptable to the Administrative Agent and only to the extent that the aggregate amount of Net Cash Proceeds from all such Permitted Sale and Leaseback Transactions is less than or equal to $50,000,000 and (b) any Sale and Leaseback Transaction of the Company’s facility in Plainfield, Illinois.

Permitted Sale and Leaseback Transactions means all Sale and Leaseback Transactions as permitted under Section 10.2(k).

Permitted Sale and Leaseback Transactions means (i) any Sale and Leaseback Transaction of the Company's Plainfield, Illinois headquarters facility, and (ii) any Sale and Leaseback Transaction of all or any portion of the Company's equipment fleet, in each case on terms acceptable to the Administrative Agent and only to the extent that the aggregate amount of Net Cash Proceeds from all such Permitted Sale and Leaseback Transactions is less than or equal to $35,000,000.

Examples of Permitted Sale and Leaseback Transactions in a sentence

• 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 Xxxx Group Inc.

• Enter into any Sale and Leaseback Transaction other than Permitted Sale and Leaseback Transactions.

• 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), unless the sale involved is not prohibited under Section 7.3(B), the lease involved is not prohibited under Section 7.3(A) and any related Investment is not prohibited under Section 7.3(D).

• Neither the Company nor any of its Subsidiaries shall enter into, assume, guarantee or otherwise become liable with respect to any Sale and Leaseback Transaction involving any Principal Property, unless after giving effect thereto the sum of all Attributable Debt in respect of such Sale and Leaseback Transactions (other than Permitted Sale and Leaseback Transactions) does not exceed $250.0 million.

• Neither the Parent Guarantor 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 Xxxx Group Inc.

More Definitions of Permitted Sale and Leaseback Transactions

Permitted Sale and Leaseback Transactions means (a)(i) any Sale and Leaseback Transaction of the Parent Guarantor’s administrative headquarters facility in The Woodlands, Texas or (ii) any Sale and Leaseback Transaction (other than in connection with clause (a)(i)) of all or any portion of the Parent Guarantor’s other property, in each case on terms acceptable to the Required Holders and only to the extent that the aggregate amount of Net Cash Proceeds from all such Permitted Sale and Leaseback Transactions is less than or equal to $50,000,000 and (b) any Sale and Leaseback Transaction of the Parent Guarantor’s facility in Plainfield, Illinois.

Permitted Sale and Leaseback Transactions means, individually or collectively, a Sale and Leaseback Transaction entered into by the Company or the Restricted Subsidiaries with any Person (a) upon fair and reasonable terms, with respect to any New Vessel which, individually or in the aggregate, does not exceed $50.0 million in any calendar year, and with respect to any Vessels which are not New Vessels, does not exceed $40.0 million at any time during the term of the Notes, in each case, together with any amounts Incurred pursuant to clause (x) of the definition of “Permitted Debt” or (b) that individually or in the aggregate relates to assets having a fair market value not exceeding $25.0 million.

Permitted Sale and Leaseback Transactions has the meaning provided in Section 4.07(b).

Permitted Sale and Leaseback Transactions means with respect to Holdings or any Subsidiary, any arrangement, directly or indirectly, with any Person whereby Holdings or such Subsidiary shall sell or transfer any of the property or assets of Holdings and its Subsidiaries and thereafter enter into a long-term contract to rent or lease such property or assets that it intends to use for the same purpose or purposes as such property or assets being sold or transferred; provided that any rent or lease obligation with respect thereto shall not constitute a Capitalized Lease Obligation, Synthetic Lease Obligation or Indebtedness.”

Permitted Sale and Leaseback Transactions means Sale and Leaseback Transactions with respect to the assets set forth on Schedule 1.01(d) (or any assets designated by the Administrative Borrower with the consent of the Administrative Agent, which shall not be unreasonably withheld, to replace some or all of the assets listed on Schedule 1.01(d)), which aggregate book value does not exceed $22,900,000.

Permitted Sale and Leaseback Transactions. , means any Sale and Leaseback Transaction, (i) that is a Sale and Leaseback Transaction of computers and loaders of the Borrower or its Subsidiaries consummated pursuant to documentation reasonably acceptable to the Administrative Agent, (ii) that is consummated not later than December 31, 2002, (iii) in respect of which the value of the assets for all Permitted Sale and Leaseback Transactions does not exceed $1,000,000 in the aggregate at any time and (iv) in respect of which no Default or Unmatured Default shall have occurred and be continuing or would result from such transaction or the incurrence of any Indebtedness in connection therewith.

Permitted Sale and Leaseback Transactions means (a)(i) any Sale and Leaseback Transaction of the Parent Guarantor’s administrative headquarters facility in The Woodlands, Texas or (ii) any Sale and Leaseback Transaction (other than in connection with clause (a)(i)) of all or any portion of the Parent Guarantor’s other property, in each case on terms acceptable to the Required Holders and only to the extent that the aggregate amount of Net Cash Proceeds from all such SCHEDULE B (to Note Purchase and Guarantee Agreement) Permitted Sale and Leaseback Transactions is less than or equal to $50,000,000 and (b) any Sale and Leaseback Transaction of the Parent Guarantor’s facility in Plainfield, Illinois.