LEASE OBLIGATIONS; SALE/LEASEBACKS Sample Clauses

LEASE OBLIGATIONS; SALE/LEASEBACKS. (a) Create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except:
Sample 1
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LEASE OBLIGATIONS; SALE/LEASEBACKS. (a) The Borrower shall not create or suffer to exist, or permit any of the its Subsidiaries to create or suffer to exist, any obligations as lessee for the rental or hire of real or personal property of any kind under leases or agreements to lease having an original term of one year or more which would cause the direct or contingent liabilities of the Borrower and any of its Subsidiaries, on a consolidated basis, in respect of all such obligations payable in any period of 12 consecutive months to be an amount in excess of 115% of all such obligations paid in the prior Fiscal Year exclusive of (i) all Indebtedness permitted to be incurred pursuant to Sections 7.2(c) and (e), (ii) such obligations of the Borrower resulting from any sale/leaseback transaction with respect to any part of the Alabama Real Property, (iii) such obligations of the Borrower resulting from any sale/leaseback transaction with respect to any part of the Virginia Real Property, and (iv) such obligations of the Borrower and its Subsidiaries resulting from any sale/leaseback transaction with respect to computer work stations and related equipment up to an aggregate maximum amount at any time outstanding not in excess of $10,000,000.
Sample 1

Related to LEASE OBLIGATIONS; SALE/LEASEBACKS

  • Sale Leasebacks No Credit Party shall engage in any sale-leaseback, synthetic lease or similar transaction involving any of its assets.

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

  • Sale-Leaseback Enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any property (real, personal or mixed) used or useful in the Business Operations, whether now owned or hereafter acquired, and thereafter rent or lease such property.

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Lease Obligations The Company shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for:

  • 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 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.

  • Sale and Lease-Back Transactions Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02, as the case may be.

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • 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.

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