Common use of Limitations on Sales and Leasebacks Clause in Contracts

Limitations on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Borrower or any Subsidiary of real or personal property, whether now owned or hereafter acquired in a related transaction or series of related transactions, which has been or is to be sold or transferred by any Borrower or any 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 any Borrower or any Subsidiary;

Appears in 1 contract

Samples: Term Loan Agreement (River Oaks Furniture Inc)

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Limitations on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Borrower BREED or any Subsidiary of real or personal property, whether now owned or hereafter acquired in a related transaction or series of related transactions, which has been or is to be sold or transferred by any Borrower BREED or any 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 any Borrower BREED or any Subsidiary;

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

Limitations on Sales and Leasebacks. Enter into any arrangement or arrangements with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property, whether now owned or hereafter acquired in a related single transaction or series of related transactions, which has been or is to be sold or transferred by any the Borrower or any 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 any Borrower or any Subsidiary;the Borrower

Appears in 1 contract

Samples: Credit Agreement (Insteel Industries Inc)

Limitations on Sales and Leasebacks. Enter into any arrangement or arrangements with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property, whether now owned or hereafter acquired in a related single transaction or series of related transactions, which has been or is to be sold or transferred by any the Borrower or any 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 any the Borrower or any Subsidiary;.

Appears in 1 contract

Samples: Credit Agreement (Uti Corp)

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Limitations on Sales and Leasebacks. Enter into any arrangement or arrangements with any Person providing for the leasing by any the Borrower or any Subsidiary of real or personal property, whether now owned or hereafter acquired in a related single transaction or series of related transactions, which has been or is to be sold or transferred by any the Borrower or any 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 any the Borrower or any Subsidiary unless, in such transaction, (a) the net sales price to the Borrower or Subsidiary;

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

Limitations on Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Borrower the Parent or any Subsidiary of real or personal property, whether now owned or hereafter acquired in a related transaction or series of related transactions, which has been or is to be sold or transferred by any Borrower the Parent or any 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 any Borrower the Parent or any Subsidiary;.

Appears in 1 contract

Samples: Credit Agreement (Gerald Stevens Inc/)

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