Common use of Limitation on Sales and Leasebacks Clause in Contracts

Limitation on Sales and Leasebacks. The Company will not itself, and it will not permit any Domestic Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic Subsidiary for a period, including renewals, in excess of three years of any Principal Property which has been or is to be sold or transferred, more than 180 days after the completion of construction and commencement of full operation thereof, by the Company or such Domestic 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 Principal Property (herein referred to as a “Sale and Leaseback Transaction”) unless either:

Appears in 6 contracts

Samples: Revolving Credit Agreement (Motorola Solutions, Inc.), Revolving Credit Agreement (Motorola Solutions, Inc.), Revolving Credit Agreement (Motorola Solutions, Inc.)

AutoNDA by SimpleDocs

Limitation on Sales and Leasebacks. The Company will not itself, and it will not permit any Domestic Manufacturing Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Manufacturing Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic Manufacturing Subsidiary for a period, including renewals, in excess of three years of any Principal Domestic Manufacturing Property which has been or is to be sold or transferred, more than 180 days after the completion of construction and commencement of full operation thereof, transferred by the Company or such Domestic Manufacturing Subsidiary to such lender or investor or to any Person person to whom funds have been or are to be advanced by such lender or investor on the security of such Principal Domestic Manufacturing Property (herein referred to as a “Sale sale and Leaseback Transactionleaseback transaction”) unless either:

Appears in 3 contracts

Samples: Indenture (Ford Motor Co), Ford Motor Co, Ford Motor Co

Limitation on Sales and Leasebacks. The Company will not itself, and it will not permit any Domestic Manufacturing Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Manufacturing Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic Manufacturing Subsidiary for a period, including renewals, in excess of three years of any Principal Domestic Manufacturing Property which has been or is to be sold or transferred, more than 180 days after the completion of construction and commencement of full operation thereof, transferred by the Company or such Domestic Manufacturing Subsidiary to such lender or investor or to any Person person to whom funds have been or are to be advanced by such lender or investor on the security of such Principal Domestic Manufacturing Property (herein referred to as a “Sale "sale and Leaseback Transaction”leaseback transaction") unless either:

Appears in 2 contracts

Samples: Ford Motor Co, Ford Motor Co

Limitation on Sales and Leasebacks. The Company will not itself, and it will not permit any Domestic Restricted Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Restricted Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic Restricted Subsidiary for a period, including renewals, in excess of three years of any Principal Property the ownership of which has been or is to be sold or transferred, more than 180 days after the completion of construction and commencement of full operation thereof, by the Company or such Domestic 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 Principal Property (herein referred to as a “Sale and Leaseback Transaction”) unless either:

Appears in 2 contracts

Samples: Eastman Chemical Co, Eastman Chemical Co

Limitation on Sales and Leasebacks. The Company will not itself, and it will not permit any Domestic Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a any Domestic Subsidiary for a period, including renewals, in excess of three years of any Principal Domestic Manufacturing Property which has been or is to be sold or transferred, more than 180 120 days after the acquisition thereof or the completion of construction and commencement of full operation thereof, by the Company or such any Domestic Subsidiary to such lender or investor or to any Person person to whom funds have been or are to be advanced by such lender or investor on the security of such Principal Domestic Manufacturing Property (herein referred to as a “Sale "sale and Leaseback Transaction”leaseback transaction") unless either:: Section

Appears in 2 contracts

Samples: Ferro Corp, Ferro Corp

Limitation on Sales and Leasebacks. The Company will not ---------------------------------- itself, and it will not permit any Domestic Restricted Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Restricted Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic any such Restricted Subsidiary for a period, including renewals, in excess of three years of any Principal Real Property which that has been or is to be sold or transferred, more than 180 360 days after the completion of construction and commencement of full operation thereof, by the Company or any such Domestic 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 Principal Real Property (herein referred to as a "Sale and Leaseback Transaction") unless either:

Appears in 1 contract

Samples: Electronic Data Systems Corp /De/

AutoNDA by SimpleDocs

Limitation on Sales and Leasebacks. The Company will not itselfnot, and it will not permit any Domestic Restricted Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Restricted Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic any such Restricted Subsidiary for a period, including renewals, period in excess of three years (including renewals), of any Principal Property owned by the Company or such Restricted Subsidiary which has been or is to be sold or transferred, more than 180 days after the completion of construction and commencement of full operation thereof, transferred by the Company or any such Domestic Restricted Subsidiary to such lender or investor or to any Person person to whom funds have been or are to be advanced by such lender or investor on the security of such Principal Property (herein referred to as a “Sale "sale and Leaseback Transaction”leaseback transaction") unless either:

Appears in 1 contract

Samples: Pope & Talbot Inc /De/

Limitation on Sales and Leasebacks. The Company will not itself, and it will not permit any Domestic Restricted Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Restricted Subsidiary) ), or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic such Restricted Subsidiary for a period, including renewals, in excess of three 3 years of any Principal Restricted Property which has been owned and operated by the Company or such Restricted Subsidiary for more than 6 months and which has been or is to be sold or transferred, more than 180 days after the completion of construction and commencement of full operation thereof, transferred by the Company or such Domestic Restricted Subsidiary to such lender or investor or to any Person person to whom funds have been or are to be advanced by such lender or investor on the security of such Principal Restricted Property (herein referred to as a “Sale "sale and Leaseback Transaction”leaseback transaction") unless either:

Appears in 1 contract

Samples: Indenture (Phillips Petroleum Co)

Limitation on Sales and Leasebacks. The Company will ----------------------------------- not itself, and it will not permit any Domestic Restricted Subsidiary to, enter into any arrangement with any bank, insurance company or other lender or investor (not including the Company or any Domestic Restricted Subsidiary) or to which any such lender or investor is a party, providing for the leasing by the Company or a Domestic any such Restricted Subsidiary for a period, including renewals, in excess of three years of any Principal Real Property which that has been or is to be sold or transferred, more than 180 360 days after the completion of construction and commencement of full operation thereof, by the Company or any such Domestic 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 Principal Real Property (herein referred to as a "Sale and Leaseback Transaction") unless either:

Appears in 1 contract

Samples: Electronic Data Systems Corp /De/

Time is Money Join Law Insider Premium to draft better contracts faster.