Common use of Limitations on Sale Leasebacks Clause in Contracts

Limitations on Sale Leasebacks. Holdings will not, and will not permit any of the Restricted Subsidiaries to, enter into or effect any Sale Leasebacks, other than Permitted Sale Leasebacks of up to $325.0 million of assets sold (other than intercompany Sale Leasebacks between Loan Parties) while any Obligations are outstanding and such sales shall all be subject to the provisions of Section 6.04(f).

Appears in 5 contracts

Samples: Credit Agreement (Telesat Holdings Inc.), Credit Agreement (Telesat Canada), Senior Bridge Loan Agreement (Loral Space & Communications Inc.)

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Limitations on Sale Leasebacks. Holdings will not, and will not permit any of the Restricted Subsidiaries to, enter into or effect any Sale Leasebacks, other than Permitted Sale Leasebacks of up to $325.0 million of assets sold (other than intercompany Sale Leasebacks between Loan Parties) ), while any Obligations are outstanding and such sales shall all be subject to the provisions of Section 6.04(f).

Appears in 1 contract

Samples: Credit Agreement (Telesat Holdings Inc.)

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Limitations on Sale Leasebacks. Holdings will not, and will not permit any of the Restricted Subsidiaries to, enter into or effect any Sale Leasebacks, other than Permitted Sale Leasebacks of up to $325.0 million of assets sold (other than intercompany Sale Leasebacks between Loan Parties) Leasebacks, while any Obligations are outstanding and such sales shall all be subject to the provisions of Section 6.04(f).

Appears in 1 contract

Samples: Credit Agreement (Telesat Holdings Inc.)

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