Common use of Sale and Leaseback Clause in Contracts

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 37 contracts

Samples: Credit Agreement (Retail Properties of America, Inc.), Term Loan Agreement (Retail Properties of America, Inc.), Credit Agreement (Retail Properties of America, Inc.)

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Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries Subsidiary to, sell or transfer a Substantial Portion any of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 9 contracts

Samples: Credit Agreement (Luiginos Inc), Term Loan Agreement (Banknorth Group Inc /New/ /De/), Credit Agreement (Alleghany Corp /De)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its an Unencumbered Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 6 contracts

Samples: Senior Credit Agreement (Terreno Realty Corp), Senior Credit Agreement (Terreno Realty Corp), Senior Credit Agreement (Terreno Realty Corp)

Sale and Leaseback. The Borrower will shall not, nor will shall it permit any of its Subsidiaries Subsidiary to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 5 contracts

Samples: 364 Day Term Loan Agreement (Globe Life Inc.), Credit Agreement (Torchmark Corp), Credit Agreement (Torchmark Corp)

Sale and Leaseback. The Borrower will not, nor will it permit the Parent or any of its their respective Subsidiaries to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 4 contracts

Samples: Credit Agreement (Kite Realty Group, L.P.), Term Loan Agreement (Kite Realty Group, L.P.), Term Loan Agreement (Kite Realty Group, L.P.)

Sale and Leaseback. The General Partner and the Borrower will not, nor will it they permit any of its their Subsidiaries to, sell or transfer a Substantial Portion any of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 3 contracts

Samples: Unsecured Revolving Credit Agreement (Susa Partnership Lp), Unsecured Revolving Credit Agreement (Storage Usa Inc), Unsecured Revolving Credit Agreement (Susa Partnership Lp)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion any of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 3 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its Borrowing Base Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 3 contracts

Samples: Senior Credit Agreement (Terreno Realty Corp), Senior Revolving Credit Agreement (Terreno Realty Corp), Senior Revolving Credit Agreement (Terreno Realty Corp)

Sale and Leaseback. The Borrower will not, nor will it permit the Parent or any of its itstheir respective Subsidiaries to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 3 contracts

Samples: Credit Agreement (Kite Realty Group, L.P.), Term Loan Agreement (Kite Realty Group, L.P.), Term Loan Agreement (Kite Realty Group, L.P.)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries ------------------ Subsidiary to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 3 contracts

Samples: Credit Agreement (Torchmark Corp), Credit Agreement (Torchmark Corp), Credit Agreement (Torchmark Corp)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, not sell or transfer a Substantial Portion any of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 3 contracts

Samples: Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Northland Cable Properties Four LTD Partnership), Credit Agreement (Kansas City Power & Light Co)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, (i) sell or transfer a Substantial Portion of its Property with respect to any Property other than any Subject Property or any Restricted Interests or (ii) sell or transfer any portion of any Subject Property or any Restricted Interests except as expressly permitted in Section 2A.3, in order to concurrently or subsequently lease such Property as lessee.

Appears in 2 contracts

Samples: Secured Term Loan Agreement (Developers Diversified Realty Corp), Secured Term Loan Agreement (Developers Diversified Realty Corp)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its Property any property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar property.

Appears in 2 contracts

Samples: Loan Agreement (Hughes Electronics Corp), Vendor Credit Financing Agreement (Hughes Electronics Corp)

Sale and Leaseback. The Neither Borrower will notwill, nor will it either Borrower permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its Property their Properties in order to concurrently or subsequently lease such Property Properties as lessee.

Appears in 2 contracts

Samples: Credit Agreement (Inland Retail Real Estate Trust Inc), Credit Agreement (Inland Retail Real Estate Trust Inc)

Sale and Leaseback. The Borrower Borrowers will not, nor will it they permit any of its Subsidiaries Credit Party to, sell or transfer a Substantial Portion any of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 2 contracts

Samples: Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer all or a Substantial Portion of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Properties.

Appears in 2 contracts

Samples: Credit Agreement (Duriron Co Inc), Credit Agreement (Pioneer Standard Electronics Inc)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion substantial portion of the Properties of the Borrower and its Property Wholly-Owned Subsidiaries, taken as a whole, in order to concurrently or subsequently lease such Property as lessee.

Appears in 2 contracts

Samples: Credit Agreement (SITE Centers Corp.), Credit Agreement (SITE Centers Corp.)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries Subsidiary to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 2 contracts

Samples: Credit Agreement (Torchmark Corp), 364 Day Credit Agreement (Torchmark Corp)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion substantial portion of its Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 2 contracts

Samples: Credit Agreement (Retail Value Inc.), Credit Agreement (DDR Corp)

Sale and Leaseback. The Borrower will not, nor will it permit any Guarantor or any of its their respective Subsidiaries to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 2 contracts

Samples: Credit Agreement (RPT Realty), Credit Agreement (Ramco Gershenson Properties Trust)

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Sale and Leaseback. The Borrower Borrowers will not, nor will it they permit any of its their Subsidiaries to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 1 contract

Samples: Credit Agreement (Inland Retail Real Estate Trust Inc)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its Property Collateral Asset in order to concurrently or subsequently lease such Property as lessee.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Terreno Realty Corp)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease such Property as lessee.

Appears in 1 contract

Samples: Term Loan Agreement (Developers Diversified Realty Corp)

Sale and Leaseback. The Borrower Borrowers will not, nor will it they permit any of its Subsidiaries their Affiliates to, sell or transfer a Substantial Portion of its Property any property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar property.

Appears in 1 contract

Samples: Credit Agreement (Lasalle Partners Inc)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, (i) sell or transfer a Substantial Portion of its Property with respect to any Property other than any Subject Property or any Restricted Interests or (ii) sell or transfer any portion of any Subject Property or any Restricted Interests except as expressly permitted in Section 2A.5, in order to concurrently or subsequently lease such Property as lessee.

Appears in 1 contract

Samples: Secured Term Loan Agreement (Developers Diversified Realty Corp)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease such Property as a lessee.

Appears in 1 contract

Samples: Unsecured Loan Agreement (Inland Real Estate Corp)

Sale and Leaseback. The Each Borrower will not, nor will it permit any of its Subsidiaries to, sell or transfer all or a Substantial Portion of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Properties.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Standard Electronics Inc)

Sale and Leaseback. The Borrower will shall not, nor will it and shall not permit any of its Subsidiaries Subsidiary to, sell or transfer a Substantial Portion any of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Plainwell Inc)

Sale and Leaseback. The Borrower will not, nor will it permit ------------------ any of its Subsidiaries Subsidiary to, sell or transfer a Substantial Portion of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 1 contract

Samples: Credit Agreement (Torchmark Corp)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries Guarantor to, sell or transfer a Substantial Portion of its Property any property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar property.

Appears in 1 contract

Samples: Credit Agreement (Patterson Energy Inc)

Sale and Leaseback. The Borrower will not, nor will it permit any of ------------------ its Subsidiaries to, sell or transfer a Substantial Portion any of its Property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar Property.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

Sale and Leaseback. The Borrower will not, nor will it permit any of its Subsidiaries Subsidiary to, sell or transfer a Substantial Portion of its Property any property in order to concurrently or subsequently lease as lessee such Property as lesseeor similar property except with respect to sales of property or sale and leaseback transactions which would be permitted by Section 6.12.

Appears in 1 contract

Samples: Credit Agreement (Nike Inc)

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