Common use of Sale and Leaseback Transactions and other Off Clause in Contracts

Sale and Leaseback Transactions and other Off. Balance Sheet ----------------------------------------------------------- Liabilities. The Borrower will not, nor will it permit any Subsidiary to, enter ----------- into or suffer to exist any (i) Sale and Leaseback Transaction or (ii) any other transaction pursuant to which it incurs or has incurred Off-Balance Sheet Liabilities, except with respect to revenue equipment in the ordinary course of business.

Appears in 3 contracts

Samples: Acquisition Credit Agreement (Transit Group Inc), Credit Agreement (Transit Group Inc), Credit Agreement (Transit Group Inc)

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Sale and Leaseback Transactions and other Off. Balance Sheet ----------------------------------------------------------- Liabilities. The Borrower will not, nor will it permit any Subsidiary of its Subsidiaries ----------- to, enter ----------- into or suffer to exist any (i) Sale and Leaseback Transaction or (ii) any other transaction pursuant to which it incurs or has incurred Off-Balance Sheet Liabilities, except with respect for Rate Management Obligations permitted to revenue equipment in be incurred under the ordinary course terms of businessSection 6.11(iv).

Appears in 1 contract

Samples: Credit Agreement (Nesco Inc/Ok)

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Sale and Leaseback Transactions and other Off. Balance Sheet ----------------------------------------------------------- Liabilities. The Borrower will not, nor will it permit any Subsidiary to, enter ----------- into or suffer to exist any (ia) Sale and Leaseback Transaction or (iib) any other transaction pursuant to which it incurs or has incurred Off-Balance Sheet Liabilities, except with respect to revenue equipment in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Luiginos Inc)

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