Lease-Backs. Except as otherwise provided for in this Agreement and the Sale-Leaseback Transaction on market terms involving the Assets located at 0000 Xxxx 000xx Xxxxxx, Xxxxx Xxxx, Xxxx, enter into, or permit any of its Subsidiaries (other than Exempt Immaterial Subsidiaries) to enter into, any arrangement, directly or indirectly, with any Person whereby any such Loan Party or such Subsidiary shall sell or transfer any property, whether now owned or hereafter acquired, and whereby any such Loan Party or such Subsidiary shall then or thereafter rent or lease as lessee such property or any part thereof or other property which such Loan Party intends to use for substantially the same purpose or purposes as the property sold or transferred.
Lease-Backs. The Borrower will not, and will not permit any Restricted Subsidiary to, enter into any arrangements, directly or indirectly, with any Person, whereby the Borrower or any Restricted Subsidiary shall sell or transfer any Property, whether now owned or hereafter acquired, used or useful in their respective businesses in connection with the rental or lease of the Property so sold or transferred or of other Property which the Borrower or any Restricted Subsidiary intends to use for substantially the same purpose or purposes as the Property so sold or transferred.
Lease-Backs. Enter into any arrangements, directly or indirectly, with any Person, whereby the Parent or any Subsidiary thereof shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in its business, in connection with the rental or lease of the property so sold or transferred or of other property which the Parent or any Subsidiary thereof intends to use for substantially the same purpose or purposes as the property so sold or transferred.
Lease-Backs. Enter into any arrangements, directly or indirectly, with any Person, whereby it shall sell or transfer any real property, whether now owned or hereafter acquired, used or useful in the business carried on by it, in connection with the rental or lease of the property so sold or transferred or of other property for substantially the same purpose or purposes as the property so sold or transferred, except if (i) such real properties so sold or transferred have an aggregate fair market value (as determined in good faith by the Borrower) not in excess of 7.5% of the value of the Consolidated Total Assets (determined as of the date on which the definitive agreement governing the relevant sale or transfer is executed) in any fiscal year of the Canadian Borrower, and (ii) the proceeds of such sale or transfer are used to repay the principal amount outstanding firstly under Facility E and thereafter under Facility A (subject to any mandatory prepayment requirements under the Term Loan Agreement);
Lease-Backs. Enter into or permit any of its Subsidiaries to enter into any arrangements, directly or indirectly, with any Person, whereby the Borrower, Guarantor or such Subsidiary, as the case may be, shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in the Business, in connection with the rental or lease of the property so sold or transferred or of other property for substantially the same purpose or purposes as the property so sold or transferred.
Lease-Backs. The Borrower covenants and agrees that it will not, and will not permit any Subsidiary or Unincorporated Venture to, enter into any arrangements, directly or indirectly, with any Person, whereby the Borrower, any Subsidiary or Unincorporated Venture shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in its business, and thereafter rent or lease the property so sold or transferred in an aggregate amount (determined at the greater of fair market value or net book value) in excess of $20,000,000 during the term of this Agreement.
Lease-Backs. La Quinta covenants and agrees that it will not, and will not permit any Subsidiary or Unincorporated Venture to, enter into any arrangements, directly or indirectly, with any Person, whereby La Quinta, any Subsidiary or Unincorporated Venture shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in its business, and thereafter rent or lease the property sold or transferred in an aggregate amount (determined at the greater of fair market value or net book value) in excess of $20,000,000 while this Agreement is in effect.
Lease-Backs. Enter, or permit their Subsidiaries to enter, into any arrangements, directly or indirectly, with any Person, whereby the Borrowers or their Subsidiaries shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in its business, in connection with the rental or lease of the property so sold or transferred or of other property which the Borrowers or their Subsidiaries intend to use for substantially the same purpose or purposes as the property so sold or transferred.
Lease-Backs. Enter into any arrangements, directly or indirectly, with any person, whereby the Borrower or any of its Subsidiaries shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in its business, in connection with the rental or lease of the property so sold or transferred or of other property which the Borrower or such Subsidiary intends to use for substantially the same purpose or purposes as the property so sold or transferred, if the aggregate gross proceeds of such sale of such property when added to the aggregate gross sale proceeds from all other such transactions entered into from and after the Closing Date exceeds $100,000,000.
Lease-Backs. The Company will not, and will not permit any Restricted Subsidiary to, enter into any arrangements, directly or indirectly, with any Person, whereby the Company or any Restricted Subsidiary shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in their respective businesses in connection with the rental or lease of the property so sold or transferred or of other property which the Company or any Restricted Subsidiary intends to use for substantially the same purpose or purposes as the property so sold or transferred. .Section 5.15.
