Common use of Leasebacks Clause in Contracts

Leasebacks. Enter into any arrangements, directly or indirectly, with any person whereby the Company shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in the Company's business, in connection with the rental or lease or the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 3 contracts

Samples: Loan Agreement (Guitammer Co), Loan Agreement (Guitammer Co), Loan Agreement (Guitammer Co)

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Leasebacks. Enter into any arrangements, directly or indirectly, with any person whereby the Company shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in the Company's ’s business, in connection with the rental or lease or the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 3 contracts

Samples: Loan Agreement (Globalwise Investments Inc), Loan Agreement (Globalwise Investments Inc), Loan Agreement (Dpac Technologies Corp)

Leasebacks. Enter into any arrangementsarrangement, directly or indirectly, with any person Person whereby the Company it shall sell or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, used or useful in the Company's business, in connection with the rental and thereafter rent or lease or the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferredsuch property.

Appears in 3 contracts

Samples: Loan Agreement (Procaccianti Hotel Reit, Inc.), Construction Loan Agreement (Pangaea Logistics Solutions Ltd.), Construction Loan Agreement (Quartet Holdco Ltd.)

Leasebacks. Enter into any arrangements, directly or indirectly, with any person person, whereby the Company shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in the Company's business, in connection with the rental or lease or of the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 3 contracts

Samples: Loan Agreement (PAV Republic, Inc.), Loan Agreement (Republic Engineered Products Holdings LLC), Loan Agreement (Kahiki Foods Inc)

Leasebacks. Enter into any arrangements, directly or indirectly, with any person Person whereby the Company Borrower shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in the Company's Borrower’s business, in connection with the rental or lease or of the property so sold or transferred or of other property which the Company Borrower intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 1 contract

Samples: Loan Agreement

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Leasebacks. Enter into any arrangementsarrangement, directly or indirectly, with any person Person whereby the Company Borrower shall sell convey or transfer any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, used or useful in the Company's business, in connection with the rental and thereafter rent or lease or the property so sold or transferred or of other property which the Company intends to use for substantially the same purpose or purposes as the property so sold or transferredsuch property.

Appears in 1 contract

Samples: Loan Agreement (HappyNest REIT, Inc.)

Leasebacks. Enter into any arrangements, directly or indirectly, with any person or entity, whereby the Company either Borrower shall sell or transfer any property, whether now owned or hereafter acquired, used or useful in the Company's such Borrower’s business, in connection with the rental or lease or of the property so sold or transferred or of other property which the Company such Borrower intends to use for substantially the same purpose or purposes as the property so sold or transferred.

Appears in 1 contract

Samples: Loan Agreement (First Solar, Inc.)

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