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)
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)
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)