Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Appears in 9 contracts
Samples: Credit Agreement (Potbelly Corp), Assignment and Assumption (CRH Medical Corp), Credit Agreement (CRH Medical Corp)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredtransferred (a “Sale and Leaseback Transaction”).
Appears in 8 contracts
Samples: Subordinated Credit Agreement (F45 Training Holdings Inc.), Credit Agreement (Opko Health, Inc.), Assignment and Assumption (F45 Training Holdings Inc.)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangementshall, directly or indirectly, whereby it shall enter into any arrangement or arrangements, with any Person providing for the Parent or such Subsidiary to lease or rent property that the Parent or such Subsidiary has sold or will sell or otherwise transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease to such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredPerson.
Appears in 5 contracts
Samples: Reimbursement and Senior Secured Credit Agreement (Salton Inc), Credit Agreement (Salton Inc), Credit Agreement (Salton Inc)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredtransferred (a “Sale and Leaseback Transaction”), other than a Permitted Sale Leaseback.
Appears in 5 contracts
Samples: Credit Agreement (F45 Training Holdings Inc.), Credit Agreement (F45 Training Holdings Inc.), Subordinated Credit Agreement (F45 Training Holdings Inc.)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Appears in 3 contracts
Samples: Credit Agreement (Globe Specialty Metals Inc), Credit Agreement (Systemax Inc), Credit Agreement (Calgon Carbon Corporation)
Sale and Leaseback Transactions. No Loan Party will, nor and no Loan Party will it permit any Subsidiary of its Restricted Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Arc Logistics Partners LP), Revolving Credit Agreement (Arc Logistics Partners LP), Revolving Credit Agreement (Arc Logistics Partners LP)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer to a Person any property, real or personal, used or useful in its businessProperty, whether now owned or hereafter acquired, and if at the time or thereafter rent the Borrower or a Restricted Subsidiary shall lease as lessee such property Property or any part thereof or other property that it Property which the Borrower or a Restricted Subsidiary intends to use for substantially the same purpose or purposes as the property Property sold or transferred.
Appears in 3 contracts
Samples: Credit Agreement (Extraction Oil & Gas, Inc.), Possession Credit Agreement (Extraction Oil & Gas, Inc.), Credit Agreement (Extraction Oil & Gas, Inc.)
Sale and Leaseback Transactions. No Loan Party willshall, nor will shall it permit any Subsidiary of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer to a Person any property, real or personal, used or useful in its businessProperty, whether now owned or hereafter acquired, and if at the time or thereafter rent the Borrower or a Subsidiary shall lease as lessee such property Property or any part thereof or other property that it Property which the Borrower or a Subsidiary intends to use for substantially the same purpose or purposes as the property Property sold or transferred.
Appears in 2 contracts
Samples: Credit Agreement (Extraction Oil & Gas, LLC), Credit Agreement (Extraction Oil & Gas, LLC)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, to the extent that the amount paid in connection with any of the above described transactions is, in the aggregate, in a amount in excess of $1,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)
Sale and Leaseback Transactions. No Loan Borrower Party will, nor will it permit any Subsidiary to, enter into any arrangementshall, directly or indirectly, whereby it shall enter into any arrangement or arrangements, with any Person providing for the Parent or such Subsidiary to lease or rent property that the Parent or such Subsidiary has sold or will sell or otherwise transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease to such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredPerson.
Appears in 2 contracts
Samples: Credit Agreement (Salton Inc), Credit Agreement (Salton Inc)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, to enter into any arrangement, directly or indirectly, whereby it shall sell or transfer arrangement with any property, Person providing for the leasing by any Loan Party of real or personal, used personal property that has been or useful in its business, whether now owned is to be sold or hereafter acquired, and thereafter rent transferred by such Loan Party to such Person or lease to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredrental obligations of such Loan Party.
Appears in 1 contract
Samples: Credit Agreement (Superior Offshore International Inc.)
Sale and Leaseback Transactions. No Loan Party will, nor or will it permit any Subsidiary of the Subsidiaries to, enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, Property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property Property or other property Property that it intends to use for substantially the same purpose or purposes as the property Property being sold or transferred.
Appears in 1 contract
Samples: Credit Agreement (1847 Holdings LLC)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.transferred (a “Sale and Leaseback Transaction”), except for
Appears in 1 contract
Samples: Credit Agreement (Harmonic Inc)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredtransferred (a “Sale and Leaseback Transaction”).”
Appears in 1 contract
Samples: Credit Agreement and Joinder Agreement (RTI Surgical Holdings, Inc.)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary of its Subsidiaries (other than any Foreign Subsidiary) to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except with respect to assets permitted to be sold pursuant to Section 6.05.
Appears in 1 contract
Samples: Credit Agreement (Systemax Inc)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except for such arrangements involving property having an aggregate fair market value not exceeding $5,000,000 during the term of this Agreement.
Appears in 1 contract
Samples: Assignment and Assumption (Aventine Renewable Energy Holdings Inc)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, shall enter into any arrangement, directly or indirectly, with any Person whereby it Borrower or any Loan Party shall sell or transfer any property, real or personal, property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or transferred, except as permitted herein.
Appears in 1 contract
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary of its Subsidiaries (other than any Foreign Subsidiary) to, enter into any arrangement, directly or 115 indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except with respect to assets permitted to be sold pursuant to Section 6.05.
Appears in 1 contract
Sale and Leaseback Transactions. No Loan Party will, nor and no Loan Party will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Appears in 1 contract
Sale and Leaseback Transactions. No Loan Company Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Appears in 1 contract
Samples: Securities Purchase Agreement (Wanxiang Group Corp)
Sale and Leaseback Transactions. No Each Loan Party willwill not, nor and will it not permit any Subsidiary of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Appears in 1 contract
Samples: Security Agreement and Guaranty Agreement (Magnum Hunter Resources Corp)
Sale and Leaseback Transactions. No Entity Loan Party will, nor or will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, Property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property Property or other property Property that it intends to use for substantially the same purpose or purposes as the property Property being sold or transferred.
Appears in 1 contract
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except with respect to assets permitted to be sold pursuant to Section 6.05.
Appears in 1 contract
Samples: Credit Agreement (Systemax Inc)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferredtransferred (a “Sale and Leaseback Transaction”), except for the disposition of assets pursuant to Section 5.21.
Appears in 1 contract
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary of its Restricted Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except for any such sale of any fixed or capital assets by any Borrower or any Restricted Subsidiary up to $30,000,000.
Appears in 1 contract
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred., except,
Appears in 1 contract
Samples: Credit Agreement (Libbey Inc)
Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.transferred (a “Sale and Leaseback Transaction”). NAI-1514693629v12 112
Appears in 1 contract
Samples: Credit Agreement (Opko Health, Inc.)
Sale and Leaseback Transactions. No Entity Loan Party will, nor or will it permit any Subsidiary of the Subsidiaries to, enter into any arrangement, directly or indirectly, with any Person whereby it shall sell or transfer any property, real or personal, Property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property Property or other property Property that it intends to use for substantially the same purpose or purposes as the property Property being sold or transferred.
Appears in 1 contract
Samples: Loan and Security Agreement (Medallion Financial Corp)
Sale and Leaseback Transactions. . No Loan Party will, nor will it permit any Subsidiary of its Subsidiaries (other than any Foreign Subsidiary) to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except with respect to assets permitted to be sold pursuant to Section 6.05.
Appears in 1 contract