Sale and Lease. Back Transactions with respect to any property owned by the Borrower or any Restricted Subsidiary, (a) in respect of any Sale and Lease-Back Transaction in respect of the Headquarters and (b) in respect of any other property of the Borrower, if at the time the lease in connection therewith is entered into, and after giving effect to the entering into of such lease, the Remaining Present Value of such lease would not exceed $150.0 million, provided, that in each case, the Net Cash Proceeds thereof are applied in accordance with Section 2.08(1).
Appears in 6 contracts
Samples: First Amendment Agreement (PET Acquisition LLC), Merger Agreement (PET Acquisition LLC), Second Amendment Agreement (PET Acquisition LLC)
Sale and Lease. Back Transactions with respect to any property owned by the Borrower or any Restricted Subsidiary, (a) in respect of any Sale and Lease-Back Transaction in respect of the Headquarters and (b) in respect of any other property of the Borrower, if at the time the lease in connection therewith is entered into, and after giving effect to the entering into of such lease, the Remaining Present Value of such lease would not exceed $150.0 50.0 million, provided, that in each case, the Net Cash Proceeds thereof are applied in accordance with Section 2.08(1).
Appears in 3 contracts
Samples: Term Loan Credit Agreement (Leslie's, Inc.), Term Loan Credit Agreement (Leslie's, Inc.), Credit Agreement (Leslie's, Inc.)
Sale and Lease. Back Transactions with respect to any property owned by the Borrower or any Restricted Subsidiary, if (a) in respect of any Sale and Lease-Back Transaction in respect of the Headquarters and (b) in respect of any other property of the Borrower, if at the time the lease in connection therewith is entered into, and after giving effect to the entering into of such lease, the Remaining Present Value of such lease would not exceed $150.0 million, provided, that in each case, 200.0 million and (b) the Net Cash Proceeds thereof are applied in accordance with Section 2.08(1).
Appears in 1 contract
Samples: Term Loan Credit Agreement (Neiman Marcus Group LTD Inc.)
