Common use of Sale and Leaseback Clause in Contracts

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld.

Appears in 11 contracts

Samples: Loan and Security Agreement (Digirad Corp), Loan and Security Agreement (Ensign Group, Inc), Revolving Loan and Security Agreement (Sunlink Health Systems Inc)

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Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without the prior written notice to to, and the prior express written consent of of, Lender, which consent shall not may be unreasonably withheldwithheld in Lender's sole discretion.

Appears in 6 contracts

Samples: Loan and Security Agreement (Intensiva Healthcare Corp), Loan and Security Agreement (BMJ Medical Management Inc), Loan and Security Agreement (Allion Healthcare Inc)

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, Borrower shall not be required to obtain Lender's consent to any such arrangement where the cost of the arrangement to Borrower is less than $250,000.00.

Appears in 3 contracts

Samples: Loan and Security Agreement (Numed Home Health Care Inc), Loan and Security Agreement (Numed Home Health Care Inc), Loan and Security Agreement (National Diagnostics Inc)

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to to, and the prior written consent of of, Lender, which consent shall not be unreasonably withheld.

Appears in 3 contracts

Samples: Loan and Security Agreement (Phymatrix Corp), Loan and Security Agreement (Phymatrix Corp), Loan and Security Agreement (Phymatrix Corp)

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without the prior written notice to to, and the prior express written consent of of, Lender, which consent shall not be unreasonably withheld.

Appears in 3 contracts

Samples: LTC Properties Inc, Secured Term Note (Trizetto Group Inc), Trizetto Group Inc

Sale and Leaseback. Except to the extent permitted by Section 7.1, Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without the prior written notice to to, and the prior express written consent of of, Lender, which consent shall not may be unreasonably withheldwithheld in Lender's sole discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Raintree Healthcare Corp), Loan and Security Agreement (Raintree Healthcare Corp)

Sale and Leaseback. Borrower will shall not, directly or --------------------- indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (New York Health Care Inc)

Sale and Leaseback. Except as permitted pursuant to Paragraph 27 of the Term Note, Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (LTC Healthcare Inc)

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: MHM Services Inc

Sale and Leaseback. Borrower will not, directly or ------------------ indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (Lasersight Inc /De)

Sale and Leaseback. Borrower Borrowers will not, directly or indirectly, enter into any arrangement whereby Borrower Borrowers sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Mortgage Loan Agreement

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Sale and Leaseback. Borrower will not, directly or indirectly, ----------------------------------- enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon there upon and within one year thereafter rents or leases the assets so sold or transferred deferred without the prior written notice to to, and the prior express written consent of of, Lender, which consent shall not may be unreasonably withheldwithheld in Lender's sole discretion.

Appears in 1 contract

Samples: Loan and Securiiy Agreement (International Nursing Services Inc)

Sale and Leaseback. Except as provided in Schedule 1.45, Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld, unless the proceeds of such sale are applied to the repayment of the Term Loan as provided in this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Correctional Services Corp)

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without the prior written notice to to, and the prior express written consent of of, Lender, which consent shall may not be unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (Company Doctor)

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheldwithheld or delayed.

Appears in 1 contract

Samples: Loan and Security Agreement (Rockwell Medical Technologies Inc)

Sale and Leaseback. Borrower will not, directly or indirectly, enter into any arrangement whereby Borrower sells or transfers all or any material part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without prior written notice to and the prior written consent of Lender, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (Gish Biomedical Inc)

Sale and Leaseback. Borrower will not, directly or ------------------- indirectly, enter into any arrangement whereby Borrower sells or transfers all or any part of its assets and thereupon and within one year thereafter rents or leases the assets so sold or transferred without the prior written notice to to, and the prior express written consent of of, Lender, which consent shall not may be unreasonably withheldwithheld in Lender's sole discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcor Holdings Inc)

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