Disqualified Leasebacks Sample Clauses

Disqualified Leasebacks. Rocky Mountain I is not a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code.
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Disqualified Leasebacks. Neither WE JAC nor any of its Subsidiaries is a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code. (h)
Disqualified Leasebacks. Lube Ventures is not a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code. (i)
Disqualified Leasebacks. Neither Miracle Industries nor Hydro-Spray or Indy Ventures is a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code. (i)
Disqualified Leasebacks. Prema Properties is not a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code. (i)
Disqualified Leasebacks. Xxxxxxx Car Wash is not a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code. (i)
Disqualified Leasebacks. Miracle Partners is not a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code. (i)
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Disqualified Leasebacks. Neither ITS PLC nor any of the ITS Subsidiaries is a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code.
Disqualified Leasebacks. Aero is not a party to a "disqualified leaseback or long-term agreement" described in Section 467(b)(4) of the Code.

Related to Disqualified Leasebacks

  • 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 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.

  • 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:

  • Permitted Debt Create, incur, guarantee or suffer to exist any Debt, except:

  • 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:

  • Restrictions on Sale and Leaseback Transactions The Company will not, and will not cause or permit any Guarantor to, enter into any Sale and Leaseback Transaction, unless:

  • Limitation on Sale/Leaseback Transactions The Company shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale/Leaseback Transaction with respect to any property unless:

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

  • Permitted Indebtedness Borrower shall not create, incur, assume or suffer to exist any Indebtedness, except the following (collectively, "Permitted Indebtedness"): (i) Indebtedness under the Loan Documents, (ii) any Indebtedness set forth on Schedule 7.2, (iii) Capitalized Lease Obligations incurred after the Closing Date and Indebtedness incurred pursuant to purchase money Liens permitted by Section 7.3(v), provided that the aggregate amount of such Capitalized Lease Obligations and purchase money indebtedness outstanding at any time shall not exceed $75,000, (iv) Indebtedness in connection with advances made by a stockholder in order to cure any default of the financial covenants set forth on Annex I; provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; (v) accounts payable to trade creditors and current operating expenses (other than for borrowed money) which are not aged more than 120 calendar days from the billing date or more than 30 days from the due date, in each case incurred in the ordinary course of business and paid within such time period, unless the same are being contested in good faith and by appropriate and lawful proceedings and such reserves, if any, with respect thereto as are required by GAAP and deemed adequate by Borrower's independent accountants shall have been reserved; (vi) borrowings incurred in the ordinary course of business and not exceeding $10,000 individually or in the aggregate outstanding at any one time, provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; and (vii)

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