Limitation on Sale and Leasebacks. (a) The Company shall not, and shall not permit any Subsidiary to, enter into any Sale and Leaseback Transaction (other than a Permitted Sale and Leaseback Transaction), unless the Company or such Subsidiary would be entitled to secure the property to be leased (without equally and ratably securing the outstanding Notes) in a principal amount equal to the amount of Attributable Debt incurred in such Sale and Leaseback Transaction.
Appears in 18 contracts
Samples: Indenture (Warner Bros. Discovery, Inc.), Indenture (Warner Bros. Discovery, Inc.), Supplemental Indenture (Discovery, Inc.)
Limitation on Sale and Leasebacks. (a) The Company shall not, and shall not permit any Subsidiary to, enter into any Sale and Leaseback Transaction (other than a Permitted Sale and Leaseback Transaction), nor permit any Subsidiary owning Restricted Property so to do, unless the Company or such Subsidiary would be entitled to secure the property to be leased (without equally and ratably securing the outstanding Notes) in a principal amount equal to the amount of Attributable Debt incurred in such Sale and Leaseback Transaction.either:
Appears in 4 contracts
Samples: First Supplemental Indenture (Allergan Inc), First Supplemental Indenture (Allergan Inc), Indenture (Litton Industries Inc)
Limitation on Sale and Leasebacks. (a) The Company shall will not, and shall will not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction (other than a Permitted Transaction; provided that the foregoing restriction shall not apply to any Sale and Leaseback Transaction), unless Transaction if immediately after the Company or such Subsidiary would be entitled to secure the property to be leased (without equally and ratably securing the outstanding Notes) in a principal amount equal to the amount consummation of Attributable Debt incurred in such Sale and Leaseback TransactionTransaction and after giving effect thereto, Attributable Debt will not exceed 25% of Consolidated Net Worth.
Appears in 1 contract
Samples: Note Purchase Agreement (Philadelphia Suburban Corp)
Limitation on Sale and Leasebacks. (a) The Company Holdings shall not, and shall not permit any Subsidiary to, enter into any Sale and Leaseback Transaction (other than a Permitted Sale and Leaseback Transaction), unless the Company Holdings or such Subsidiary would be entitled to secure the property to be leased (without equally and ratably securing the outstanding Notes) in a principal an amount equal to the amount of Attributable Debt incurred in such Sale and Leaseback Transaction.
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