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 Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such Borrower 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 such Borrower or such Subsidiary.

Appears in 5 contracts

Samples: Floor Plan Agreement (Zaring National Corp), Credit Agreement (Delek US Holdings, Inc.), Credit Agreement (Advanced Communication Systems Inc)

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Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower or such any 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 such the Borrower or such any Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Big City Radio Inc), Execution Copy (Big City Radio Inc), Credit Agreement (Big City Radio Inc)

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

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Lomak Petroleum Inc), Credit Agreement (Range Resources Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement (a "SALE AND LEASEBACK TRANSACTION") with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower 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 such the Borrower or such any Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Meridian Resource Corp), Credit Agreement (Canton Oil & Gas Co)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which that has been or is to be sold or transferred by such the Borrower or such any 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 such the Borrower or such any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower 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 such the Borrower or such Subsidiary, except as permitted by subsection 10.6(g).

Appears in 1 contract

Samples: Credit Agreement (Personal Care Holdings Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower of any Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower 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 such Borrower or such Subsidiarythe Borrower.

Appears in 1 contract

Samples: Credit Agreement (Aquila Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower or such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such 73 68 Person on the security of such property or rental obligations of such the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (General Chemical Group Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any either Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such Borrower 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 such Borrower or such Subsidiary.

Appears in 1 contract

Samples: Assumption Agreement (TWP Capital Corp Ii)

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Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any such Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower 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 such the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Postpetition Credit Agreement (Special Metals Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower 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 such the Borrower or such Subsidiary, except as permitted by subsection 10.6(i).

Appears in 1 contract

Samples: Credit Agreement (Playtex Products Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by such the Borrower 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 such the Borrower or such Subsidiary, except for such transactions that do not exceed $10,000,000 in the aggregate during the term of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Holdings, the Borrower or any Restricted Subsidiary of real or personal property which has been or is to be sold or transferred by such Holdings, the Borrower 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 such Holdings, the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Coal Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property which its Subsidiaries of Property that has been or is to be sold or transferred by such the Borrower 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 such the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Spanish Broadcasting System Inc)

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