Common use of Lease-Backs Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (First Union Real Estate Equity & Mortgage Investments)

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Lease-Backs. Enter into or permit any of its the Restricted Subsidiaries to enter into any arrangements, directly or indirectly, with any Person, whereby the Borrower, Guarantor a Borrower 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.

Appears in 1 contract

Samples: Credit Agreement (Bracknell Corp)

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 Company 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 Businessbusiness, 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.

Appears in 1 contract

Samples: Note Purchase Agreement (First Union Real Estate Equity & Mortgage Investments)

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Lease-Backs. Enter into or permit any of its the Subsidiaries to enter into any arrangements, directly or indirectly, with any Person, whereby the Borrower, Guarantor Borrower 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.

Appears in 1 contract

Samples: Credit Agreement (Bracknell Corp)

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