Common use of Sale Leasebacks Clause in Contracts

Sale Leasebacks. The Credit Parties will not, nor will they permit any Subsidiary to, directly or indirectly, become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a Credit Party or a Subsidiary to another Person which is not a Credit Party or a Subsidiary in connection with such lease.

Appears in 9 contracts

Samples: Credit Agreement (Ani Pharmaceuticals Inc), Credit Agreement (Infospace Inc), Credit Agreement (Primo Water Corp)

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Sale Leasebacks. The Each of the Credit Parties will not, nor will they it permit any Subsidiary to, directly or indirectly, indirectly become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease operating lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a another Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a such Credit Party or a such Subsidiary to another Person which is not a another Credit Party or a Subsidiary in connection with such lease.

Appears in 8 contracts

Samples: Credit Agreement (Roanoke Electric Steel Corp), Credit Agreement (Glenayre Technologies Inc), Credit Agreement (Bradley Pharmaceuticals Inc)

Sale Leasebacks. The Credit Parties will not, nor will they permit any Subsidiary to, directly or indirectly, become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a Credit Party or a Subsidiary to another Person which is not a Credit Party or a Subsidiary in connection with such lease.

Appears in 6 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (American Pacific Corp)

Sale Leasebacks. The Credit Parties will not, nor will they permit any Subsidiary to, directly or indirectly, become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease operating lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a Credit Party or a Subsidiary to another Person which is not a Credit Party or a Subsidiary in connection with such lease.

Appears in 3 contracts

Samples: Loan Agreement (National Instruments Corp), Loan Agreement (National Instruments Corp /De/), Credit Agreement (Newark Group Inc)

Sale Leasebacks. The Each of the Credit Parties will not, nor will they it permit any Subsidiary to, directly or indirectly, indirectly become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a another Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a such Credit Party or a such Subsidiary to another Person which is not a another Credit Party or a Subsidiary in connection with such lease.

Appears in 1 contract

Samples: Credit Agreement (Amedisys Inc)

Sale Leasebacks. The No Credit Parties will notParty will, nor will they it permit any Subsidiary to, directly or indirectly, indirectly become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease operating lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a another Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a such Credit Party or a such Subsidiary to another Person which is not a another Credit Party or a Subsidiary in connection with such lease.

Appears in 1 contract

Samples: Credit Agreement (Medsource Technologies Inc)

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Sale Leasebacks. The Credit Parties will not, nor will they permit any Subsidiary to, directly or indirectly, become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease or a Capital Lease, of any property (whether real, personal or 103 mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a Credit Party or a Subsidiary to another Person which is not a Credit Party or a Subsidiary in connection with such lease.

Appears in 1 contract

Samples: Credit Agreement (Primo Water Corp)

Sale Leasebacks. The Credit Loan Parties will not, nor will they permit any Subsidiary to, directly or indirectly, become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease operating lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Loan Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a Credit Loan Party or a Subsidiary or (b) which any Credit Loan Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a Credit Loan Party or a Subsidiary to another Person which is not a Credit Loan Party or a Subsidiary in connection with such lease.

Appears in 1 contract

Samples: Loan and Security Agreement (U.S. Silica Holdings, Inc.)

Sale Leasebacks. The Credit Parties will not, nor will they permit any Subsidiary to, directly or indirectly, become or remain liable as lessee or as guarantor or other surety with respect to any lease, whether an Operating Lease operating lease or a Capital Lease, of any property (whether real, personal or mixed), whether now Mortgaged Property owned or hereafter acquiredby any Credit Party as of the Closing Date, (a) which any Credit Party or any Subsidiary has sold or transferred or is to sell or transfer to a Person which is not a Credit Party or a Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is to be sold or transferred by a Credit Party or a Subsidiary to another Person which is not a Credit Party or a Subsidiary in connection with such lease.

Appears in 1 contract

Samples: Loan and Security Agreement (Newark Group, Inc)

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