Sale-Leaseback Transactions definition

Sale-Leaseback Transactions means any sales or transfers of any real or tangible personal property owned by any Person in order to lease such property for substantially the same purpose as the property being sold or transferred; provided that such sale or transfer is at fair market value and such lease is at fair rental value.

Sale-Leaseback Transactions has the meaning specified in Section 7.03(c).

Sale-Leaseback Transactions means the transactions contemplated by the Real Estate Purchase Agreements and the Master Transaction Agreement.

Examples of Sale-Leaseback Transactions in a sentence

• In addition, the Indenture imposes certain limitations on, among other things, (i) the incurrence of Liens by the Guarantor or any Restricted Subsidiary, (ii) Sale-Leaseback Transactions by the Guarantor or any Restricted Subsidiary and (iii) consolidations, mergers, amalgamations and sales of assets of the Guarantor, the Company or any Subsidiary.

• Neither the Company nor any of its Restricted Subsidiaries may sell or transfer to any Person other than the Company or any of its Subsidiaries any Principal Property owned by the Company or any of its Restricted Subsidiaries with the intention of taking back a lease thereof, other than Permitted Sale-Leaseback Transactions.

• For further information, see ASC Subtopic 840-40, Leases – Sale-Leaseback Transactions (formerly FASB Statement No. 28, "Accounting for Sales with Leasebacks").

• The Company will not, and will not permit any of its Restricted Subsidiaries to engage in sale and leaseback transactions except for Permitted Sale-Leaseback Transactions.

• The Indenture imposes certain limitations on the ability of the Company and its Subsidiaries to, among other things, create or incur Liens, and enter into certain Sale/Leaseback Transactions.

More Definitions of Sale-Leaseback Transactions

Sale-Leaseback Transactions as defined in Section 8.11.

Sale-Leaseback Transactions means the collective reference to the transactions contemplated, referred to or evidenced by the Sale Leaseback Documents and as described in the S-11 Registration Statement (the "Registration Statement"), as amended, restated or otherwise modified, filed with the Securities and Exchange Commission on April 24, 1997.

Sale-Leaseback Transactions has the meaning set forth in Section 3.16(c). “Seller Affiliate” has the meaning set forth in Section 4.4.

Sale-Leaseback Transactions means sales of any fixed or capital assets acquired after the Closing Date by any Loan Party or any Subsidiary: (w) that are made for cash consideration in an amount not less than the fair value of such fixed or capital assets and are consummated within 180 days after such Loan Party or such Subsidiary completes the capital expenditure project for the relevant store or corporate initiative which involved the acquisition or construction of such fixed or capital assets, (x) in respect of which such fixed or capital assets are not assets included in the computation of Borrowing Base, (y) in respect of which the proceeds shall be applied (i) until payment in full of the Revolving Loan Debt, to the Revolving Loan Debt as the case may be, and (ii) thereafter, if requested by the Agent, the Term Loan and (z) in respect of which such fixed or capital assets are immediately thereafter leased back to the applicable Loan Party or Subsidiary through a Capital Lease, provided that for certainty, the fixed or capital assets subject to such sales shall not include Inventory or Accounts and shall be limited to the furniture, fixtures and equipment (as such term is defined in the PPSA), including information technology equipment, of any Loan Party or any Subsidiary which are located at a retail location or the chief executive office of any Loan Party or any Subsidiary.

Sale-Leaseback Transactions means the series of transactions set forth in the Sale- Leaseback Agreements pursuant to which (i) ShoLodge and certain of its Subsidiaries have. sold certain properties and assigned certain interests under a ground lease to Hospitality Properties Trust and (ii) Suite Tenant, Inc., a Wholly-Owned Subsidiary of ShoLodge. has leased such properties from HPT Suite Properties Trust, a Wholly-Owned Subsidiary of Hospitality Properties Trust.

Sale-Leaseback Transactions means collectively those transactions involving the sales of real property and related assets by the Borrowers and their Subsidiaries in transactions which contemplate the leaseback of such property, by the selling party thereof, following such sale, to the extent such transactions are identified on the list delivered to the Agent and the Banks and subject to the approval of the Required Banks pursuant to Section 8.2.7(iv)(A) (and including on such list, without limitation, the appraised value of each property, the selling price therefor and the Net Cash Proceeds to the Loan Parties resulting therefrom), and SALE-LEASEBACK TRANSACTION shall mean individually any of such transactions. SECURITY AGREEMENTS shall mean, collectively, the Amended and Restated Security Agreements in substantially the form of EXHIBIT 1.1(S) with such changes or modifications thereto as shall be acceptable to the Agent, executed and delivered by each of the Borrowers and their Subsidiaries to the Agent for the benefit of the Banks, and SECURITY AGREEMENT shall mean any of the Security Agreements.

Sale-Leaseback Transactions means collectively those transactions involving the sale of real property and related assets by the Borrowers and their Subsidiaries in transactions which contemplate the leaseback of such property, by the selling party thereof, following such sale, to the extent such transactions are identified on SCHEDULE 5.22 hereof.