Sale Lease-back Transactions. Except for Municipal Transactions, the Company will not, and will not permit any of its Subsidiaries to, enter into any arrangement with any Person whereby the Company or such Subsidiary shall sell or otherwise transfer any of its Property, whether now owned or hereafter acquired, and thereafter rent or lease such Property or similar Property for substantially the same use or uses as the Property sold or transferred UNLESS the following conditions are satisfied:
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Samples: Credit Agreement (Cornell Companies Inc), Note and Equity Purchase Agreement (Cornell Companies Inc)
Sale Lease-back Transactions. Except for Municipal Transactions, the The Company will not, and will not permit any of its Subsidiaries to, enter into any arrangement with any Person whereby the Company or such Subsidiary shall sell or otherwise transfer any of its Property, whether now owned or hereafter acquired, and thereafter rent or lease such Property or similar Property for substantially the same use or uses as the Property sold or transferred UNLESS both of the following conditions are satisfied:
Appears in 2 contracts
Samples: Subordinated Bridge Loan Agreement (Cornell Corrections Inc), Credit Agreement (Cornell Corrections Inc)
Sale Lease-back Transactions. Except for Municipal Transactions, the The Company will not, and will not permit any of its Subsidiaries to, enter into any arrangement with any Person whereby the Company or such Subsidiary shall sell or otherwise transfer any of its Property, whether now owned or hereafter acquired, and thereafter rent or lease such Property or similar Property for substantially the same use or uses as the Property sold or transferred UNLESS the following conditions are satisfied:transferred.
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