Common use of Sales and Lease-Backs Clause in Contracts

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Party) or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Party) in connection with such lease.

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower Holdings or any of its Subsidiaries that to the extent such sale or transfer is a Loan Party) otherwise permitted hereunder), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead Borrower Holdings or any of its Subsidiaries that to the extent such sale or transfer is a Loan Partyotherwise permitted hereunder) in connection with such lease.

Sales and Lease-Backs. No Loan Such Credit Party shallshall not, nor shall it permit any of its Restricted Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Credit Party or Restricted Subsidiary (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower Holdings or any of its Subsidiaries that is a Loan Party) Restricted Subsidiaries), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Credit Party or Restricted Subsidiary to any Person (other than Lead Borrower Holdings or any of its Subsidiaries that is a Loan PartyRestricted Subsidiaries) in connection with such lease.

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead any Borrower or any of its Subsidiaries that is a Loan Party) or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead any Borrower or any of its Subsidiaries that is a Loan Party) in connection with such lease.

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower or any of its Subsidiaries that to the extent such sale or transfer is a Loan Party) otherwise permitted hereunder), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead Borrower or any of its Subsidiaries that to the extent such sale or transfer is a Loan Partyotherwise permitted hereunder) in connection with such lease.

Sales and Lease-Backs. No Except as permitted by Section 6.9(b)(xii), no Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead the Borrower or any of its Subsidiaries that is a Loan PartySubsidiaries) or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead the Borrower or any of its Subsidiaries that is a Loan PartySubsidiaries) in connection with such lease.

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower or any of its Subsidiaries that to the extent such sale or transfer is a Loan Party) otherwise permitted hereunder), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead Borrower or any of its Subsidiaries that to the extent such sale or transfer is a Loan Partyotherwise permitted hereunder) in connection with such lease.

Sales and Lease-Backs. No Loan Such Credit Party shallshall not, nor shall it permit any of its Restricted Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Credit Party or Restricted Subsidiary (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower Holdings or any of its Subsidiaries that is a Loan Party) Restricted Subsidiaries), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Credit Party 111 or Restricted Subsidiary to any Person (other than Lead Borrower Holdings or any of its Subsidiaries that is a Loan PartyRestricted Subsidiaries) in connection with such lease.

Sales and Lease-Backs. No Front Line Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, or mixed), whether now owned or hereafter acquired, which such Front Line Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead any Borrower or any of its Subsidiaries that is a Front Line Loan Party) or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Front Line Loan Party to any Person (other than Lead any Borrower or any of its Subsidiaries that is a Front Line Loan Party) in connection with such lease.

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Party) or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Party) in connection with such lease.

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its their Subsidiaries (excluding to, or shall apply to the Excluded Entities) Bankruptcy Court for authority to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease Operating Lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, (i) which such any Loan Party (a) or any of their Subsidiaries has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Party) or (bii) which any Loan Party or their Subsidiaries intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party or their Subsidiaries to any Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Party) in connection with such lease.;

Sales and Lease-Backs. No Loan Party shall, nor shall it permit any of its Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead any Borrower or any of its Subsidiaries that Guarantor Subsidiary to the extent such sale or transfer is a Loan Party) otherwise permitted hereunder), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Party to any Person (other than Lead any Borrower or any of its Subsidiaries that Guarantor Subsidiary to the extent such sale or transfer is a Loan Partyotherwise permitted hereunder) in connection with such lease.

Sales and Lease-Backs. No Loan Credit Party shall, nor shall it permit any of its Restricted Subsidiaries (excluding the Excluded Entities) to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal, personal or mixed), whether now owned or hereafter acquired, which such Loan Restricted Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Party) other Credit Party or, with respect to any Restricted Foreign Subsidiary, any other Restricted Foreign Subsidiary), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Loan Restricted Party to any Person (other than Lead Borrower or any of its Subsidiaries that is a Loan Partyother Credit Party or, with respect to any Restricted Foreign Subsidiary, any other Restricted Foreign Subsidiary) in connection with such lease.