Limitations on Sale and Leaseback Transactions. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, enter into any arrangement with any Person to lease a Principal Property (except for any arrangements that exist on the date the Notes are issued or that exist at the time any Person that owns a Principal Property becomes a Restricted Subsidiary) which has been or is to be sold by the Company or the Restricted Subsidiary to such Person unless:
Appears in 11 contracts
Samples: Indenture (Travel & Leisure Co.), Indenture (Wyndham Destinations, Inc.), Tenth Supplemental Indenture (Wyndham Worldwide Corp)
Limitations on Sale and Leaseback Transactions. The Company shall not, will not and shall will not permit any of its Restricted Subsidiaries to, Subsidiary to enter into any arrangement with any Person to lease a Principal Property (a “Sale and Leaseback Transaction”) (except for any arrangements that exist on the date the Notes are issued or that exist at the time any Person that owns a Principal Property becomes a Restricted Subsidiary) which has been or is to be sold by the Company or the Restricted Subsidiary to such Person unless:
Appears in 4 contracts
Samples: Supplemental Indenture (Wyndham Hotels & Resorts, Inc.), First Supplemental Indenture (Wyndham Worldwide Corp), First Supplemental Indenture (Wyndham Hotels & Resorts, Inc.)
Limitations on Sale and Leaseback Transactions. The Company shall not, will not and shall will not permit any of its Restricted Subsidiaries to, Subsidiary to enter into any arrangement with any Person to lease a Principal Property (a “Sale and Leaseback Transaction”) (except for any arrangements that exist on the date the Notes are issued Issue Date or that exist at the time any Person that owns a Principal Property becomes a Restricted Subsidiary) which has been or is to be sold by the Company or the Restricted Subsidiary to such Person unless:
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