Common use of Lease-Backs Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (Finlay Enterprises Inc /De), Credit Agreement (Finlay Fine Jewelry Corp), Credit Agreement (Finlay Enterprises Inc /De)

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