Sale and Lease-Back. Except for the System Leases, the CREZ Lease and any other Lease, the Borrower will not, nor will it cause or permit any Subsidiary to, enter into any arrangement providing for the leasing by the Borrower or any Subsidiary of real or personal property which has been or is to be Transferred by the Borrower or such Subsidiary to a lender or investor or to any Person to whom funds have been or are to be advanced by such lender or investor on the security of such property or rental obligations of the Borrower or any Subsidiary.
Appears in 7 contracts
Samples: Credit Agreement (InfraREIT, Inc.), Credit Agreement, Direction and Waiver (InfraREIT, Inc.), Collateral Agency Agreement (InfraREIT, Inc.)
Sale and Lease-Back. Except for the System Leases, the CREZ Lease and any other Lease, the Borrower Company will not, nor will it cause or permit any Subsidiary to, enter into any arrangement providing for the leasing by the Borrower Company or any Subsidiary of real or personal property which has been or is to be Transferred by the Borrower Company or such Subsidiary to a lender or investor or to any Person to whom funds have been or are to be advanced by such lender or investor on the security of such property or rental obligations of the Borrower Company or any Subsidiary.
Appears in 5 contracts
Samples: Note Purchase Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.), Note Purchase Agreement (InfraREIT, Inc.)
Sale and Lease-Back. Except for the System Leases, the CREZ Lease and any other Lease, the Borrower theThe Company will not, nor will it cause or permit any Subsidiary to, enter into any arrangement providing for the leasing by the Borrower Company or any Subsidiary of real or personal property which has been or is to be Transferred by the Borrower Company or such Subsidiary to a lender or investor or to any Person to whom funds have been or are to be advanced by such lender or investor on the security of such property or rental obligations of the Borrower Company or any Subsidiary.
Appears in 2 contracts
Samples: Note Purchase Agreement (InfraREIT, Inc.), Note Purchase Agreement (InfraREIT, Inc.)
