Sale and Leasebacks. The Borrower will not, and will not permit any Subsidiary, to enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby Borrower shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
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Samples: Credit Agreement (SRC Energy Inc.), Credit Agreement (Synergy Resources Corp), Credit Agreement (Synergy Resources Corp)
Sale and Leasebacks. The Neither the Borrower nor any Subsidiary will not, and will not permit any Subsidiary, to enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower or such Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which that the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 2 contracts
Samples: Credit Agreement (Dune Energy Inc), Credit Agreement (Dune Energy Inc)
Sale and Leasebacks. The None of the Borrower or any Subsidiary will not, and will not permit any Subsidiary, to enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary such Person shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby Borrower such Person shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which Borrower or any Subsidiary that such Person intends to use for substantially the same purpose or purposes as the Property sold or transferred.
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