Common use of SALES-LEASEBACKS Clause in Contracts

SALES-LEASEBACKS. Except with respect to Aircraft Related Equipment, no Obligor will, nor will it permit any other Obligor to, directly or indirectly, become liable after the Effective Date as lessee or as a 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, in each case which (i) an Obligor has sold or transferred or is to sell or transfer to any other Person (other than another Obligor) or (ii) an Obligor intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Obligor to any Person (other than another Obligor) in connection with such lease; provided that after the Effective Date the Obligors may become and remain liable as lessee, guarantor or other surety with respect to any such lease if and to the extent that (A) the annual aggregate rentals under all such leases (other than leases with respect to Aircraft Related Equipment) shall not exceed $20,000,000 and (B) the Obligors comply with any prepayment obligations under Section 2.5(d); and provided, further, that the restrictions contained in this Section 6.6 shall not apply to the transactions described on Schedule 6.6.