Common use of Sale and Leaseback Clause in Contracts

Sale and Leaseback. None of the Borrowers nor any of the Subsidiaries will directly or indirectly enter into any arrangement to sell or transfer all or any substantial part of its fixed assets and thereupon or within one year thereafter rent or lease the assets so sold or transferred.

Appears in 10 contracts

Samples: Financing and Security Agreement (Rand Worldwide Inc), Business Loan and Security Agreement (Vse Corp), Financing and Security Agreement (Tvi Corp)

AutoNDA by SimpleDocs

Sale and Leaseback. None of the Borrowers nor Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person.

Appears in 10 contracts

Samples: Credit Agreement (AVITA Medical, Inc.), Credit Agreement (DarioHealth Corp.), Credit Agreement (TELA Bio, Inc.)

Sale and Leaseback. None of Holdings, the Borrowers nor Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person.

Appears in 6 contracts

Samples: Credit Agreement (Valneva SE), Credit Agreement (Harmony Biosciences Holdings, Inc.), Credit Agreement (GC Aesthetics PLC)

Sale and Leaseback. None of the Borrowers nor Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon or within one year thereafter rent or lease the assets so sold or transferredsuch property from such Person (other than Tangible Fixed Assets).

Appears in 4 contracts

Samples: Credit Agreement (Natera, Inc.), Credit Agreement (Natera, Inc.), Credit Agreement (Natera, Inc.)

Sale and Leaseback. None of the Borrowers nor any of the their Subsidiaries will directly or indirectly enter into any arrangement to sell or transfer all or any substantial part of its fixed assets and thereupon or within one (1) year thereafter rent or lease the assets so sold or transferred.

Appears in 4 contracts

Samples: Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Versar Inc)

Sale and Leaseback. None Except as permitted in Section 8.3(e), none of the Borrowers nor Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person.

Appears in 3 contracts

Samples: Credit Agreement (Acutus Medical, Inc.), Pledge and Security Agreement (Acutus Medical, Inc.), Credit Agreement (Acutus Medical, Inc.)

Sale and Leaseback. None of the Borrowers No Borrower will, nor will it permit any of the its Subsidiaries will to, directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferred.other similar property from such Person unless, either:

Appears in 3 contracts

Samples: Credit Agreement (Mitel Networks Corp), Credit Agreement (Mitel Networks Corp), Credit Agreement (Mitel Networks Corp)

Sale and Leaseback. None of the Borrowers nor Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person (other than Tangible Fixed Assets).

Appears in 2 contracts

Samples: Credit Agreement (Natera, Inc.), Credit Agreement (Natera, Inc.)

Sale and Leaseback. None of the Borrowers nor Holdings or any of the its Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person.

Appears in 2 contracts

Samples: Credit Agreement (Xtant Medical Holdings, Inc.), Credit Agreement (Bacterin International Holdings, Inc.)

AutoNDA by SimpleDocs

Sale and Leaseback. None of the Borrowers Loan Parties nor any of the their respective Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person.

Appears in 1 contract

Samples: Credit Agreement (Recro Pharma, Inc.)

Sale and Leaseback. None of the Borrowers nor Parent or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person.

Appears in 1 contract

Samples: Credit Agreement (MDxHealth SA)

Sale and Leaseback. None of Holdings, the Borrowers nor Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets such property or other similar property from such Person (a “Sale and thereupon or within one year thereafter rent or lease the assets so sold or transferredLeaseback Transaction”).

Appears in 1 contract

Samples: Credit Agreement (Valneva SE)

Sale and Leaseback. None of the Borrowers nor Parent, the Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferredother similar property from such Person.

Appears in 1 contract

Samples: Credit Agreement (TriSalus Life Sciences, Inc.)

Sale and Leaseback. None of the Borrowers nor Borrower or any of the Subsidiaries will directly or indirectly enter into any agreement or arrangement to sell providing for the sale or transfer all by it of any property (now owned or any substantial part hereafter acquired) to a Person and the subsequent lease or rental of its fixed assets and thereupon such property or within one year thereafter rent or lease the assets so sold or transferred.other similar property from such Person. NY: 1219514-6- -

Appears in 1 contract

Samples: Credit Agreement (Verrica Pharmaceuticals Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.