Common use of Limitations on Sale and Leaseback Transactions Clause in Contracts

Limitations on Sale and Leaseback Transactions. (a) The Company will not, and will not permit any Restricted Subsidiary to, enter into any arrangement relating to property now owned or hereafter acquired whereby either the Company transfers, or any Restricted Subsidiary transfers, such property to a Person and either the Company or any Restricted Subsidiary leases it back from such Person (a “Sale/Leaseback Transaction”), unless:

Appears in 17 contracts

Samples: Supplemental Indenture (Moodys Corp /De/), Supplemental Indenture (Moodys Corp /De/), Sixteenth Supplemental Indenture (Moodys Corp /De/)

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Limitations on Sale and Leaseback Transactions. (a) The Company will notNot, and will not permit any Restricted Subsidiary to, enter into any arrangement relating to property now owned or hereafter acquired whereby either with any Person providing for the Company transfers, or any Restricted Subsidiary transfers, such property to a Person and either leasing by the Company or any Restricted Subsidiary leases it back from of any real or tangible personal property, which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person (a “Sale/Leaseback Transaction”), unless:in contemplation of such leasing.

Appears in 1 contract

Samples: Credit Agreement (Hollinger International Inc)

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