Common use of Sale and Leaseback Clause in Contracts

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 14 contracts

Samples: Credit Agreement (Globecomm Systems Inc), Term Loan Agreement (Globecomm Systems Inc), Credit Agreement (P&f Industries Inc)

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Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of it, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 9 contracts

Samples: Credit Agreement (Medical Action Industries Inc), Credit Agreement (Medical Action Industries Inc), Credit Agreement (Medical Action Industries Inc)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at the time of and thereafter rent or lease such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purposeproperty.

Appears in 6 contracts

Samples: Credit Agreement (Coconut Palm Acquisition Corp.), Credit Agreement (Coconut Palm Acquisition Corp.), Loan Agreement (Triathlon Broadcasting Co)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, and used or and useful in its business, whether now owned or hereafter acquired, if it, at the time of such sale or disposition it disposition, intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 4 contracts

Samples: Credit Agreement (Seabulk Offshore LTD), Loan Agreement (Seabulk International Inc), Credit Agreement (Seabulk International Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of it or any of its Subsidiaries, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 4 contracts

Samples: Credit Agreement (Coactive Marketing Group Inc), Pledge Agreement (1 800 Flowers Com Inc), Credit Agreement (Vasomedical Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person person whereby it shall sell or transfer any property, whether real or personal, and used or useful in its business, whether now owned or hereafter acquired, if the Borrower or any of its Subsidiaries at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.purpose (a "Sale and Leaseback Transaction") except:

Appears in 3 contracts

Samples: And Guaranty Agreement (Dentsply International Inc /De/), Credit and Guaranty Agreement (Dentsply International Inc /De/), Credit and Guaranty Agreement (Dentsply International Inc /De/)

Sale and Leaseback. Enter into any arrangementarrangement with any Person pursuant to which it leases from such Person real or personal property that has been or is to be sold or transferred, directly or indirectly, with any Person whereby by it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, if at the time of to such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purposePerson.

Appears in 3 contracts

Samples: Loan Agreement (Applied Blockchain, Inc.), Loan Agreement (Rush William M Rusty), Credit Agreement (Dril-Quip Inc)

Sale and Leaseback. Enter into any arrangement, directly Directly or indirectly, with enter into any Person whereby it shall sell agreement or arrangement providing for the sale or transfer by it of any property, whether real or personal, used or useful in its business, whether property (now owned or hereafter acquired, if at ) to a Person and the time of such sale or disposition it intends to subsequent lease or otherwise acquire the right to use or possess (except by purchase) rental of such property or like other similar property for a substantially similar purposefrom such Person.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Security Agreement (Viant Technology Inc.)

Sale and Leaseback. Enter into any arrangementagreement, directly or indirectly, with any Person whereby it shall to sell or transfer any property, whether real or personal, personal property used or useful in its business, whether now owned or hereafter acquired, if at the time of such sale or disposition it intends business and thereafter to lease back the same or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purposeproperty.

Appears in 3 contracts

Samples: Loan Agreement (Advantage Learning Systems Inc), Loan Agreement (Cobalt Corp), Loan Agreement (O2wireless Solutions Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, arrangement with any Person whereby it the Borrower shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, if at the time of and thereafter rent or lease such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purposeproperty.

Appears in 3 contracts

Samples: Credit Agreement (M & F Worldwide Corp), Credit Agreement (M & F Worldwide Corp), Credit Agreement (M & F Worldwide Corp)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at and thereafter rent or lease such property; provided, however, that the time of Borrower and the Subsidiaries may engage in such sale or disposition it intends transactions to lease or otherwise acquire the right extent structured as Capital Leases and subject to use or possess (except by purchase) such property or like property for a substantially similar purposethe limitations in Section 7.01(g).

Appears in 3 contracts

Samples: Credit Agreement (Pegasus Communications Corp /), Credit Agreement (Pegasus Communications Corp /), Credit Agreement (Pegasus Communications Corp)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of it or any Corporate Guarantor, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 2 contracts

Samples: Credit Agreement (Lexent Inc), Credit Agreement (Lexent Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of its or any of its Subsidiaries, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchasepurchaser) such property or like property for a substantially similar purpose.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Boundless Corp), Credit Agreement (Boundless Corp)

Sale and Leaseback. Enter into any arrangementarrangement with any Person pursuant to which it leases from such Person real or personal Property that has been or is to be sold or transferred, directly or indirectly, with any Person whereby by it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, if at the time of to such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purposePerson.

Appears in 2 contracts

Samples: Loan Agreement (Internet America Inc), Security Agreement (Micropac Industries Inc)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at and thereafter rent or lease such property; provided, however, that the time of Borrower and the Subsidiaries may engage in such sale or disposition it intends transactions to lease or otherwise acquire the right extent structured as Capital Leases and subject to use or possess (except by purchase) such property or like property for a substantially similar purposethe limitations in Section 7.01(f).

Appears in 2 contracts

Samples: Credit Agreement (Pegasus Communications Corp), Credit Agreement (Pegasus Communications Corp)

Sale and Leaseback. Enter into any arrangement, directly arrangement or indirectly, arrangements with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 2 contracts

Samples: Credit Agreement (GTJ REIT, Inc.), Credit Agreement (GTJ REIT, Inc.)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of its or any of its Subsidiaries, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 2 contracts

Samples: Pledge Agreement (Family Golf Centers Inc), Agreement (Family Golf Centers Inc)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at and thereafter rent or lease such property; provided, however, that the time of Borrower and the Operating Companies may engage in such sale or disposition it intends transactions to lease or otherwise acquire the right extent structured as Capital Leases and subject to use or possess (except by purchase) such property or like property for a substantially similar purposethe limitations in Section 7.01(g).

Appears in 2 contracts

Samples: Credit Agreement (Acme Television LLC), Credit Agreement (Acme Intermediate Holdings LLC)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, personal property used or useful in its business, whether now owned or hereafter acquired, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 1 contract

Samples: Credit Agreement (Veeco Instruments Inc)

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Sale and Leaseback. Enter into any arrangement, directly direct or indirectly------------------ indirect, with any Person whereby it shall sell or transfer any property, whether real or personal, and used or useful in its business, whether now owned or hereafter acquired, if at the time of and thereafter rent or lease such sale property or disposition other property which it intends to lease use for substantially the same purpose or otherwise acquire purposes as the right to use or possess (except by purchase) such property or like property for a substantially similar purposebeing transferred.

Appears in 1 contract

Samples: Loan Agreement (Imrglobal Corp)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of it, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 1 contract

Samples: Security Agreement (American Medical Alert Corp)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at the time and thereafter rent or lease such property, provided, however, that Borrowers may leaseback assets disposed of such sale or disposition it intends in a Pre-Approved Station Sale upon terms reasonably satisfactory to lease or otherwise acquire the right Agents and with Agents' consent, not to use or possess (except by purchase) such property or like property for a substantially similar purposebe unreasonably withheld.

Appears in 1 contract

Samples: Credit Agreement (Equity Media Holdings CORP)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at the time of and thereafter rent or lease such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purposeproperty.

Appears in 1 contract

Samples: Credit Agreement (Masada Security Holdings Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any propertyproperty in which the Bank has been granted a security interest, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 1 contract

Samples: Credit Agreement (CVD Equipment Corp)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, and used or useful in its business, whether now owned or hereafter acquired, if it or any of its Subsidiaries, at the time of such sale or disposition it disposition, intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose, unless such transaction is in compliance with Sections 9.02 or 9.03.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Willcox & Gibbs Inc)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at and thereafter rent or lease such property; provided, however, that the time of Borrower and the Operating Companies may engage in such sale or disposition it intends transactions to lease or otherwise acquire the right extent structured as Capital Leases and subject to use or possess (except by purchase) such property or like property for a substantially similar purposethe limitations in Section 7.01(f).

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

Sale and Leaseback. Enter into any arrangementarrangements, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real real, personal or personalmixed, used or useful in its business, whether now owned or hereafter acquired, if at and thereafter rent or lease such property; provided, however, that the time of Operating Companies may engage in such sale or disposition it intends transactions to lease or otherwise acquire the right extent structured as Capital Leases and subject to use or possess (except by purchase) such property or like property for a substantially similar purposethe limitations in Section 7.01(c).

Appears in 1 contract

Samples: Term Loan Agreement (Pegasus Communications Corp /)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any other Person whereby it the Borrowers or any Subsidiary shall sell or transfer any property, whether real or personal, used or useful in its businesspersonal property, whether now owned or hereafter acquired, if at the time of such sale and then or disposition it intends to thereafter rent or lease or otherwise acquire the right to use or possess (except by purchase) as lessee such property or like any part thereof or any other property which the Borrowers or any Subsidiary intends to use for a substantially similar purposethe same purpose or purposes as the property being sold or transferred.

Appears in 1 contract

Samples: Credit Agreement (Plato Learning Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of it or any Guarantor, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 1 contract

Samples: Credit Agreement (Emerging Vision Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person person whereby it any of the Borrowers shall sell or transfer any property, whether real or personal, used or and useful in its business, whether now owned or hereafter acquired, if at and thereafter rent and lease such property which any of the time of such sale or disposition it intends to lease or otherwise acquire the right Borrowers intend to use for substantially the same purpose or possess (except by purchase) such property or like property for a substantially similar purposepurposes.

Appears in 1 contract

Samples: Commercial Revolving Loan Agreement (International Smart Sourcing Inc)

Sale and Leaseback. Enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, whether real or personal, used or useful in its business, whether now owned or hereafter acquired, of its or any of its Subsidiaries or Affiliates, if at the time of such sale or disposition it intends to lease or otherwise acquire the right to use or possess (except by purchase) such property or like property for a substantially similar purpose.

Appears in 1 contract

Samples: Credit Agreement (Superior Surgical Manufacturing Co Inc)

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