Common use of Sale-Leaseback Clause in Contracts

Sale-Leaseback. Except for leases existing on the date hereof and previously disclosed to Lender in writing, and renewals or extension thereof, become or be liable as lessee with respect to any lease of any property (real, personal or mixed) which has been or is to be sold or transferred by Borrower to any person or which Borrower intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by Borrower to any person in connection with such lease.

Appears in 5 contracts

Samples: Loan and Security Agreement (Chicken Soup for the Soul Entertainment, Inc.), Loan and Security Agreement (Chicken Soup for the Soul Entertainment, Inc.), Loan and Security Agreement

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Sale-Leaseback. Except for leases existing on the date hereof and previously disclosed to Lender Secured Party in writing, and renewals or extension thereof, become or be liable as lessee with respect to any lease of any property (real, personal or mixed) which has been or is to be sold or transferred by Borrower Debtor to any person Person or which Borrower Debtor intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by Borrower Debtor to any person Person in connection with such lease.

Appears in 2 contracts

Samples: Security Agreement (Golden Phoenix Minerals Inc), Security Agreement (Golden Phoenix Minerals Inc)

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