Sale and Leaseback definition

Sale and Leaseback means, with respect to any Person, the sale of Property owned by that Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller.

Sale and Leaseback means any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, to which the Borrower or any of its Subsidiaries, directly or indirectly, becomes or remains liable as lessee or as a guarantor or other surety and which the Borrower has sold or transferred or is to sell or to transfer to any other Person (other than any of its Subsidiaries).

Sale and Leaseback shall have the meaning set forth in Section 6.03.

Examples of Sale and Leaseback in a sentence

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation Aid.Notes to auditor: Refer to the Audit Program Section II, Chapter 10 for restrictions on the inclusion of Extraordinary Aid, Family Crisis Transportation Aid, and Additional Nonpublic School Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized Current Year School Bus Advertising revenue; and (J4) Family Crisis Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation AidNotes to auditor: Refer to the Audit Program Section II, Chapter 10 for restrictions on the inclusion of Extraordinary Aid, Family Crisis Transportation Aid, and Additional Nonpublic School Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation Aid.Notes to auditor: Refer to the Audit Program Section II, Chapter 10 for restrictions on the inclusion of Extraordinary Aid, Family CrisisTransportation Aid, and Additional Nonpublic School Transportation Aid.

• Sale and Lease-back (Refer to the Audit Program Section II, Chapter 10); (J1) Extraordinary Aid;(J2) Additional Nonpublic School Transportation Aid;(J3) Recognized current year School Bus Advertising Revenue; and (J4) Family Crisis Transportation Aid.

More Definitions of Sale and Leaseback

Sale and Leaseback means, with respect to any Person, the sale of Property owned by such Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller.

Sale and Leaseback has the meaning assigned to such term in Section 7.6.

Sale and Leaseback means a transaction in which a Registered Provider disposes of a freehold or superior leasehold interest in land or Property and acquires simultaneously a long leasehold interest in that land or Property.

Sale and Leaseback any arrangement with any Person providing for the leasing by any Group Member of real or personal property that has been or is to be sold or transferred by such Group Member to such Person 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 such Group Member.

Sale and Leaseback has the meaning ascribed to such term in SECTION 9.08.

Sale and Leaseback means, with respect to any Person, the sale of Property owned by that Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller; provided that such term shall not include any sale under threat of condemnation which involves a concurrent leasing of such Property or any sale followed by a temporary lease for a term, including renewal thereof, of not more than three years.

Sale and Leaseback means a transaction in which a facility is sold by a political subdivision to a private entity for cash, under an installment sale, a financing lease, or similar arrangement, or any combination thereof, where the political subdivision has the right to repurchase the facility at a later date, and where the facility is leased to an operator of the facility.