Limitations on Sales and Leasebacks. The Borrower will not, and will not permit its Subsidiaries to, enter into any arrangement with any Person providing for the leasing by any Borrower Group Company of real or personal property which has been or is to be sold or transferred for fair value by the 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 Borrower or such Subsidiary.
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Samples: Facility Agreement (Fly Leasing LTD), Facility Agreement (Fly Leasing LTD), Senior Secured Credit Agreement (Fly Leasing LTD)
Limitations on Sales and Leasebacks. The Borrower will not, and will not permit its Subsidiaries any Borrower Group Company to, enter into any arrangement with any Person providing for the leasing by any Borrower Group Company of real or personal property which has been or is to be sold or transferred for fair value by the Borrower or such Subsidiary Borrower Group Company 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 Borrower or such SubsidiaryBorrower Group Company.
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