Common use of Limitation on Sales and Leasebacks and Transfers of Assets to Unrestricted Subsidiaries Clause in Contracts

Limitation on Sales and Leasebacks and Transfers of Assets to Unrestricted Subsidiaries. (i) Enter into any arrangement with any bank, insurance company or other lender or investor, or to which any such lender or investor is a party, providing for the leasing to PPG or such Restricted Subsidiary of any real property (except a lease for a temporary period not to exceed three years by the end of which it is intended that the use of such real property by the lessee will be discontinued) which has been or is to be sold or transferred by PPG or such Restricted Subsidiary to such lender or investor or to any person to whom funds have been or are to be advanced by such lender or investor on the security of such real property (herein referred to as a “Sale and Leaseback Transaction”) unless either:

Limitation on Sales and Leasebacks and Transfers of Assets to Unrestricted Subsidiaries. (i) Enter into any arrangement with any bank, insurance company or other lender or investor, or to which any such lender or investor is a party, providing for the leasing to PPG or such Restricted Subsidiary of any real property (except a lease for a temporary period not to exceed three years by the end of which it is intended that the use of such real property by the lessee will be discontinued) which has been or is to be sold or transferred by PPG or such Restricted Subsidiary to such lender or investor or to any person to whom funds have been or are to be advanced by such lender or investor on the 56 security of such real property (herein referred to as a “Sale and Leaseback Transaction”) unless either:

Limitation on Sales and Leasebacks and Transfers of Assets to Unrestricted Subsidiaries. (i) Enter into any arrangement with any bank, insurance company or other lender or investor, or to which any such lender the Lender or investor is a party, providing for the leasing to PPG or such Restricted Subsidiary of any real property (except a lease for a temporary period not to exceed three years by the end of which it is intended that the use of such real property by the lessee will be discontinued) which has been or is to be sold or transferred by PPG or such Restricted Subsidiary to such lender the Lender or investor or to any person to whom funds have been or are to be advanced by such lender the Lender or investor on the security of such real property (herein referred to as a “Sale and Leaseback Transaction”) unless either: