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 Parent Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Parent 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 Parent Borrower or such Subsidiary, except in respect of assets the aggregate fair market value of which does not exceed $50,000,000 since the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

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Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Parent Borrower or any Subsidiary of its Subsidiaries of real or personal property which has been or is to be sold or transferred by the Parent 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 Parent Borrower or such Subsidiary, except in respect of assets the aggregate fair market value of which does not exceed $50,000,000 since the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Pope & Talbot Inc /De/), Debt and Security Agreement (Pope & Talbot Inc /De/)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Parent Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Parent 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 Parent Borrower or such Subsidiary, ; except in respect those leases of assets property pursuant to which the aggregate fair market value amount of which does not exceed all obligations of the Parent or any of its Subsidiaries as lessee or guarantor is less than $50,000,000 since the Closing Date2,000,000.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Audio Visual Services Corp), Credit Agreement (Caribiner International Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Parent Borrower Parent, the Borrowers or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Parent Borrower Parent, the Borrowers 75 69 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 Parent Borrower Parent, the Borrowers or such Subsidiary, except in respect of assets the aggregate fair market value of which does not exceed $50,000,000 since the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Kirklands Inc), Credit Agreement (Kirklands Inc)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Parent Borrower Parent, the Borrowers or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Parent Borrower Parent, the Borrowers 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 Parent Borrower Parent, the Borrowers or such Subsidiary, except in respect of assets the aggregate fair market value of which does not exceed $50,000,000 since the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Kirklands Inc)

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Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Parent Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Parent 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 Parent Borrower or such Subsidiary, except in respect of assets the aggregate fair market value of which does not exceed $50,000,000 20,000,000 since the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

Limitation on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Parent Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Parent 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 Parent Borrower or such Subsidiary, except in respect of assets the aggregate fair market value of which does not exceed $50,000,000 since the Third Restatement Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

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