SALE AND LEASEBACK OF PROPERTY Sample Clauses

SALE AND LEASEBACK OF PROPERTY. Seller agrees to sell, transfer and assign and Purchaser agrees to purchase, accept and assume, subject to the terms and conditions stated herein, all of Seller’s right, title and interest in and to the following (herein collectively called the “Property”):
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SALE AND LEASEBACK OF PROPERTY. Neither the Company nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real, personal or a combination thereof, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property, without the approval by a vote of 50.1% of the Board of Directors, or, in the case of any such transaction involving 10% or more of the Company's consolidated assets or consolidated POPs as of the end of the most recently completed fiscal quarter, the unanimous approval by the Company Board of Directors (excluding any directors designated pursuant to Sections 3.1(a)(ii) and 3.1(a)(iv)), PROVIDED that no such approval shall be required in connection with the sale and leaseback by the Company or any Subsidiary of cellular towers owned by Sygnet Communications, Inc. prior to its acquisition by the Company
SALE AND LEASEBACK OF PROPERTY. Neither Holdings nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real, personal or a combination thereof, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property.
SALE AND LEASEBACK OF PROPERTY. Neither the Company nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real, personal or a combination thereof, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property, without the approval by a vote of 50.1% of the Board of Directors, or, in the case of any such transaction involving 10% or more of the Company's consolidated assets as of the end of the most recently completed fiscal quarter, the unanimous approval by the Company Board of Directors, PROVIDED that no such approval shall be required in connection with the sale and leaseback by the Company or any Subsidiary of cellular towers owned by Sygnet Communications, Inc. prior to its acquisition by the Company
SALE AND LEASEBACK OF PROPERTY. Neither the Company nor any Restricted Subsidiary will enter into any sale and leaseback transaction involving Property of the Company or a Restricted Subsidiary unless:

Related to SALE AND LEASEBACK OF PROPERTY

  • Sale and Leaseback Transactions The Borrower will not, and will not permit any of the Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.

  • Sale and Leaseback The Borrower will not, and will not permit any of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby the Borrower or any Subsidiary of the Borrower shall sell or transfer any property owned by it in order then or thereafter to lease such property or lease other property that the Borrower or any Subsidiary of the Borrower intends to use for substantially the same purpose as the property being sold or transferred.

  • Sale and Leasebacks The Borrower will not enter into --------------------- any arrangement, directly or indirectly, with any Person whereby the Borrower shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower shall then or thereafter rent or lease such Property or any part thereof or other Property that the Borrower intends to use for substantially the same purpose or purposes as the Property sold or transferred.

  • Sale-Leaseback Transactions Enter into any Sale Leaseback Transaction, except in connection with transactions that would be permitted under this Section 7.

  • Limitations on Sale and Leaseback Transactions The Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into any Sale and Leaseback Transaction; provided that the Issuer or any Restricted Subsidiary may enter into a Sale and Leaseback Transaction if:

  • Limitation on Sale and Leaseback Transactions The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any sale and leaseback transaction; provided that the Company or any Restricted Subsidiary may enter into a sale and leaseback transaction if:

  • Sale and Lease-Back Transactions Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02, as the case may be.

  • Sale Leasebacks No Credit Party shall engage in any sale-leaseback, synthetic lease or similar transaction involving any of its assets.

  • Sale-Leaseback Enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any property (real, personal or mixed) used or useful in the Business Operations, whether now owned or hereafter acquired, and thereafter rent or lease such property.

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