Common use of Limitation on Sales and Leasebacks Clause in Contracts

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Loan Party of Property which has been or is to be sold or transferred by any Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property or rental obligations of any Loan Party.

Appears in 9 contracts

Samples: Intercreditor Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Resorts LTD)

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Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing of Property by any Loan Party of Property which has been or is to be sold or transferred by any such Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property or rental obligations of such Loan Party unless (i) the sale of such property is permitted by Section 7.5 and (ii) any Loan PartyCapital Lease Obligations or Liens arising in connection therewith are permitted by Sections 7.2(c) and (n) and 7.3(g), respectively.

Appears in 3 contracts

Samples: Credit Agreement (Syniverse Technologies Inc), Credit Agreement (Syniverse Technologies Inc), Credit Agreement (Tsi Finance Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by pursuant to which (i) any Loan Party of sells or transfers Property which has been or is to be and (ii) any Loan Party leases such sold or transferred by any Loan Party Property from the Person to whom such Person Property was sold or to transferred or from any other Person to whom that has advanced funds have been or are to be advanced by such Person on the security of such Property or rental obligations of any such Loan Party, except for the first $100,000,000 (in sale price) of such transactions consummated during the Revolving Credit Commitment Period.

Appears in 3 contracts

Samples: Credit Agreement (Regal Cinemas Corp), Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Entertainment Group)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Loan Party or any of Property their respective Subsidiaries, of real or personal property which has been or is to be sold or transferred by any such Loan Party or such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property property or rental obligations of any such Loan PartyParty or such Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Mission Resources Corp), Credit Agreement (Mission Resources Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Loan Party of Property real or personal property which has been or is to be sold or transferred by any Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property property or rental obligations of any such Loan Party.

Appears in 2 contracts

Samples: Assignment and Acceptance Agreement (SemGroup Corp), Credit Agreement (SemGroup Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for (i) the leasing by any Loan Party of Property real or personal property which has been or is to be either sold or transferred by any such Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property property or rental obligations of such Loan Party or (ii) the purchase or transfer of any real or personal property from any Person to such Loan PartyParty which has been leased by such Loan Party to such Person, except for any transactions set forth on Schedule 8.11.

Appears in 2 contracts

Samples: Uncommitted Credit Agreement (Aegean Marine Petroleum Network Inc.), Uncommitted Credit Agreement (Aegean Marine Petroleum Network Inc.)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by such Borrower or any other Loan Party of Property real or personal property which has been or is to be sold or transferred by any such Borrower or such Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property property or rental obligations of any such Borrower or such Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (Merisel Inc /De/), Credit Agreement (Merisel Inc /De/)

Limitation on Sales and Leasebacks. Enter into any arrangement ---------------------------------- with any Person party providing for the leasing by any Loan Party the Borrower of Property real or personal property which has been or is to be sold or transferred by any Loan Party the Borrower to such Person party or to any other Person party to whom funds have been or are to be advanced advance by such Person party on the security of such Property property or rental obligations of any Loan Partythe Borrower.

Appears in 1 contract

Samples: Convertible Loan Agreement (Gateway Co Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Loan Credit Party or any Subsidiary of Property real or personal property which has been or is to be sold or transferred by any Loan such Credit Party or such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property property or rental obligations of any Loan Partysuch Credit Party or such Subsidiary (a “Sale/Leaseback Transaction”).

Appears in 1 contract

Samples: Credit Agreement (SMTC Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person party providing for the leasing by any Loan Party the Borrower of Property real or personal property which has been or is to be sold or transferred by any Loan Party the Borrower to such Person party or to any other Person party to whom funds have been or are to be advanced advance by such Person party on the security of such Property property or rental obligations of any Loan Partythe Borrower.

Appears in 1 contract

Samples: Convertible Loan Agreement (Vitech America Inc)

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Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Loan Party of Property real or personal, moveable or immoveable property which has been or is to be sold or transferred by any the Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property or rental obligations of any Loan Party.to

Appears in 1 contract

Samples: Credit Agreement (Dominion Bridge Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower or any other Loan Party of Property real or personal property which has been or is to be sold or transferred by any the Borrower or such Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property property or rental obligations of any the Borrower or such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Merisel Inc /De/)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Loan Party or any of its Subsidiaries of Property which has been or is to be sold or transferred by any such Loan Party or such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property or rental obligations of any such Loan PartyParty or such Subsidiary.

Appears in 1 contract

Samples: Escrow Agreement (Ws Financing Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any whereby such Loan Party of Property which has been shall sell or is to be sold or transferred otherwise transfer any property owned by any such Loan Party to (a) such Person and thereafter rent or lease such Property from such Person or to (b) any other Person to whom funds have been or are to be advanced by such Person on the security of such Property or rental obligations of any such Loan Party.

Appears in 1 contract

Samples: Loan Agreement (Air T Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any whereby a Loan Party of Property which has been shall sell or is to be sold or transferred otherwise transfer any property owned by any such Loan Party to (a) such Person and thereafter rent or lease such property from such Person or to (b) any other Person to whom funds have been or are to be advanced by such Person on the security of such Property property or rental obligations of any such Loan Party.

Appears in 1 contract

Samples: Loan Agreement (4Front Ventures Corp.)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by either of the Borrowers or any other Loan Party of Property which has been or is to be sold or transferred by any such Borrower or such other Loan Party to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such Property or rental obligations of any such Borrower or such other Loan Party, except for the first $50,000,000 (in sale price) of such transactions consummated during the Revolving Credit Commitment Period.

Appears in 1 contract

Samples: Credit Agreement (Regal Entertainment Group)

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