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 the Borrower or any Subsidiary of real or personal, immovable or movable, property which has been or is to be sold or transferred by 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 the Borrower or such Subsidiary, provided that this subsection 7.11 shall not prohibit any sale and leaseback resulting from the incurrence of any lease in respect of any capital asset entered into within 120 days of the acquisition of such capital asset for the purpose of providing permanent financing of such capital asset.

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower Holdings or any Subsidiary of real or personal, immovable or movable, property which has been or is to be sold or transferred by the Borrower Holdings 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 the Borrower Holdings or such Subsidiary, ; provided that this subsection 7.11 8.12 shall not prohibit any sale and leaseback resulting from the incurrence of any lease in respect of any capital asset entered into within 120 days of the acquisition of such capital asset for the purpose of providing permanent financing of such capital asset.

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower Parent or any Subsidiary of its Subsidiaries of real or personal, immovable or movable, personal property which has been or is to be sold or transferred by the Borrower Parent 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 the Borrower or such Subsidiary, ; provided that this subsection 7.11 11.12 shall not prohibit any sale and leaseback resulting from the incurrence of any lease in respect of any capital asset entered into within 120 days of the acquisition of such capital asset for the purpose of providing permanent financing of such capital asset.

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower Holdings or any Subsidiary of real or personal, immovable or movable, property which has been or is to be sold or transferred by the Borrower Holdings 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 the Borrower Holdings or such Subsidiary, ; provided that this subsection 7.11 13.12 shall not prohibit any sale and leaseback resulting from the incurrence of any lease in respect of any capital asset entered into within 120 days of the acquisition of such capital asset for the purpose of providing permanent financing of such capital asset.

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower Holdings or any Subsidiary of real or personal, immovable or movable, property which has been or is to be sold or transferred by the Borrower Holdings 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 the Borrower Holdings or such Subsidiary, ; provided that this subsection 7.11 11.12 shall not prohibit any sale and leaseback resulting from the incurrence of any lease in respect of any capital asset entered into within 120 180 days of the acquisition of such capital asset for the purpose of providing permanent financing of such capital asset.

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower or any Subsidiary of real or personal, immovable or movable, property which has been or is to be sold or transferred by 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 the Borrower or such Subsidiary, provided that this subsection 7.11 7.10 shall not prohibit any sale and leaseback resulting from the incurrence of any lease in respect of any capital asset entered into within 120 days of the acquisition of such capital asset for the purpose of providing permanent financing of such capital asset.

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower or any Subsidiary of real or personal, immovable or movable, property which has been or is to be sold or transferred by 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 the Borrower or such Subsidiary, provided that this subsection 7.11 shall not prohibit any sale and leaseback resulting from the incurrence of any lease in respect of any capital asset entered into within 120 180 days of the acquisition of such capital asset for the purpose of providing permanent financing of such capital asset.

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower or any Subsidiary of real or personal, immovable or movable, property Property which has been or is to be sold or transferred by 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 the Borrower or such Subsidiary, provided that this subsection 7.11 shall not prohibit any sale and leaseback by any Subsidiary resulting from 77 72 the incurrence of any lease in respect of any capital asset entered into within 120 days of the acquisition of such capital asset by such Subsidiary for the purpose of providing permanent financing of such capital asset.