Leaseback Transaction definition

Leaseback Transaction has the meaning specified in Section 1006.
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Leaseback Transaction shall have the meaning specified in section 14.16. --------- ----------- -66- "Levy/▇▇▇▇▇▇▇ LLC" shall mean ▇▇▇▇ ▇. ▇▇▇▇/▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, L.L.C., a ------------ --- Delaware limited liability company, of which the only members are ▇▇. ▇▇▇▇ ▇. Levy and ▇▇. ▇▇▇▇▇ ▇. Schulte.
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Leaseback Transaction means the sale by the Company and/or one or more Subsidiaries of railcars, containers or other mobile equipment and the concurrent lease, as lessee, of such equipment by the Company and/or one or more Subsidiaries pursuant to a lease which (a) is treated as an operating lease for financial reporting purposes (as determined pursuant to Statement of Financial Accounting Standards No. 13), (b) has a term (or which is renewable or extendible solely at the option of the lessee for a total period) of not less than five years, (c) has covenants and defaults no more restrictive than this Agreement, (d) has amortization reasonably satisfactory to the Administrative Agent and (e) has an imputed interest rate (absent default) not exceeding LIBOR (as quoted on Telerate Page 3750 or any similar service) plus 5%.
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Examples of Leaseback Transaction in a sentence

  • Enter into, or permit any of its Subsidiaries to enter into, any Sale and Leaseback Transaction.

  • A Sale and Leaseback Transaction shall not include any such arrangement for financing air, water or noise pollution control facilities or sewage or solid waste disposal facilities or involving industrial development bonds which are tax-exempt pursuant to Section 103 of the Code (or which receive similar tax treatment under any subsequent amendments thereto or successor laws thereof).

  • Enter into any Sale Leaseback Transaction, except in connection with transactions that would be permitted under this Section 7.

  • Any in-place Equipment installed at Lessee's site and to which Lessee has clear title and ownership may be considered by Lessor for inclusion under this Lease (the "Sale- Leaseback Transaction").

  • Notwithstanding the foregoing, where the Company or any Restricted Subsidiary is the lessee in any Sale and Leaseback Transaction, Attributable Debt shall not include any Debt resulting from the guarantee by the Company or any other Restricted Subsidiary of the lessee’s obligation thereunder.

  • A Sale and Leaseback Transaction shall not be deemed to result in the creation of a Lien.

  • Neither the Company nor any of its Subsidiaries shall become liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions and sale and leaseback obligations of The ▇▇▇▇ Group Inc.

  • Permit any Loan Party to enter into any Sale and Leaseback Transaction with respect to any Unencumbered Borrowing Base Property.

  • The Credit Parties will not permit any Consolidated Party to enter into any Sale and Leaseback Transaction.

  • Enter into any Sale and Leaseback Transaction other than Permitted Sale and Leaseback Transactions.


More Definitions of Leaseback Transaction

Leaseback Transaction. The lease by DHL to AHK of the Freighter Assets purchased by DHL under the Freighter Sale Transaction.
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Related to Leaseback Transaction

  • Sale and Leaseback Transaction means any sale or other transfer of Property by any Person with the intent to lease such Property as lessee.

  • Sale/Leaseback Transaction means an arrangement relating to property owned by the Company or a Restricted Subsidiary on the Issue Date or thereafter acquired by the Company or a Restricted Subsidiary whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or a Restricted Subsidiary leases it from such Person.

  • Sale and Leaseback Transactions means with respect to any Person an arrangement with any bank, insurance company or other lender or investor or to which such lender or investor is a party, providing for the leasing by such Person of any asset of such Person which has been or is being sold or transferred by such Person to such lender or investor or to any Person to whom funds have been or are to be advanced by such lender or investor on the security of such asset.

  • Permitted Sale and Leaseback Transaction has the meaning provided in Section 3.02(b).

  • Permitted Sale-Leaseback Transaction has the meaning specified in Section 8.13.