Sale and Leasebacks definition

Sale and Leasebacks means sales and leasebacks of assets of the Company or a Subsidiary that give rise to Interest-bearing Debt, calculated as if the relevant leases were Capitalized Leases (whether or not actually constituting Capitalized Leases).
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Examples of Sale and Leasebacks in a sentence

  • With no further discussion, Mr. Rogers moved, seconded by Mr. Rogers, to approve as a Final Plan contingent on Conservation District and DEP plan approval of driveway crossings for Lots 2 and 6 through 9, and approval of an agreement for the cost of road widening.

  • Fisher, The Wealth Effects of Sale and Leasebacks: New Evidence, 32 Real Est.

  • The Group’s operation is rather stable and the paces of our project construction is orderly and gradual, and as a result, there will not be significant fluctuation in the length of lease periods of our Direct Leases and Sale and Leasebacks.

  • NEGATIVE COVENANTS 66 6.1. Indebtedness 66 6.2. Liens 66 6.3. Merger, Consolidation, Amalgamation, Permitted Acquisitions 66 6.4. Transfer of Assets 67 6.5. Change Name 67 6.6. Reserved 67 TABLE OF CONTENTS (continued) Page 6.7. Term Loan Agreement; Amendments 67 6.8. Sale and Leasebacks 68 6.9. Restricted Payments 68 6.10.

  • If convenient, operate the pump in this manner overnight to clean badly contaminated oil.If it is necessary to clean the oil in the shortest period, the time needed can be estimated as follows: Observe the pump’s blank-off pressure with the gas ballast valve fully closed.

  • Sale and Leasebacks Successful long-income investors are able to work with large corporations to identify sale and leaseback opportunities across all sub-sectors of the market.

  • J.R. Alvayay, R.C. Rutherford and W.S. Smith, Tax Rules and Sale and Leasebacks of Corporate Real Estate, 23 Real Est.

  • Sale and Leasebacks................................................

  • NEGATIVE COVENANTS 21 Section 10.1. Consolidated Shareholders’ Equity 21 Section 10.2. Fixed Charge Coverage Ratio 21 Section 10.3. Limitations on Indebtedness 21 Section 10.4. Limitations on Priority Indebtedness 21 Section 10.5. Limitation on Liens 21 Section 10.6. Limitation on Sale and Leasebacks 23 Section 10.7. Mergers, Consolidations and Sales of Assets 24 Section 10.8. Sale of Assets 25 Section 10.9. Transactions with Affiliates 26 Section 10.10.

  • Section 11.07 Limitation on Sale and Leasebacks Enter into any arrangement with any Person whereby such Group Entity shall sell or otherwise transfer any property owned by it either: (a) such Person and thereafter rent or lease such Property from such Person; or (b) 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 Entity.

Related to Sale and Leasebacks

  • Sale and Leaseback Transaction means any direct or indirect arrangement with any Person or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary of any property, whether owned by the Company or any Restricted Subsidiary at the Issue Date or later acquired, which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person from whom funds have been or are to be advanced by such Person on the security of such property.

  • Sale and Lease-Back Transaction means any arrangement providing for the leasing by the Issuer or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Issuer or such Restricted Subsidiary to a third Person in contemplation of such leasing.

  • Sale/Leaseback Transaction means an arrangement relating to property now owned or hereafter acquired whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or a Restricted Subsidiary leases it from such Person.

  • Asset Sale means any sale, issuance, conveyance, transfer, lease or other disposition (including, without limitation, by way of merger, consolidation or sale and leaseback transaction) (collectively, a “transfer”), directly or indirectly, in one or a series of related transactions, of:

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Permitted Asset Swap means the substantially concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and Cash Equivalents between the Issuer or any of its Restricted Subsidiaries and another Person; provided that any Cash Equivalents received must be applied in accordance with Section 4.10 hereof.

  • Principal Property means any manufacturing plant or manufacturing facility, located within the United States of America (other than its territories and possessions), owned or leased by the Company or any Restricted Subsidiary, unless, in the opinion of the Board of Directors, such plant, facility or property is not of material importance to the total business conducted by the Company and its Restricted Subsidiaries as an entirety.

  • Attributable Debt in respect of a sale and leaseback transaction means, at the time of determination, the present value (discounted at the rate of interest implicit in such transaction, determined in accordance with GAAP) of the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction (including any period for which such lease has been extended or may, at the option of the lessor, be extended).

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).