Permitted Sale and Leaseback definition

Permitted Sale and Leaseback means a sale and leaseback transaction that is in respect of Equipment that is first acquired by Borrower or any of its Subsidiaries after the date hereof ("Sale and Leaseback"), so long as:

Permitted Sale and Leaseback the sale and leaseback of the property located at 0000 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxx.

Permitted Sale and Leaseback means any Sale and Leaseback Transaction with respect to the sale, transfer or disposition of real property or other property consummated by the Issuer or any of its Restricted Subsidiaries after the Issue Date; provided that any such Sale and Leaseback Transaction must be consummated for fair market value as determined at the time of consummation in good faith by the Issuer or such Restricted Subsidiary (which such determination may take into account any retained interest or other Investment of the Issuer or such Restricted Subsidiary in connection with, and any other material economic terms of, such Sale and Leaseback Transaction).

Examples of Permitted Sale and Leaseback in a sentence

• 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 Xxxx Group Inc.

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

• Enter into any arrangement with any Person providing for the leasing by any Group Member of real or personal property that has been or is to be sold or transferred by any Group Member to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of any Group Member, other than the Permitted Sale and Leaseback.

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

• 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), unless the sale involved is not prohibited under Section 7.3(B), the lease involved is not prohibited under Section 7.3(A) and any related Investment is not prohibited under Section 7.3(D).

More Definitions of Permitted Sale and Leaseback

Permitted Sale and Leaseback means any sale and leaseback on arms’ length terms of any Real Property or any interest in Real Property (but excluding for the avoidance of doubt any sale and leaseback which would constitute, a Finance Lease) by any Portfolio Company, provided that:

Permitted Sale and Leaseback means the disposal of tooling, machinery and other equipment used in the production or development of cars (each, a “Tooling Asset”) (for the avoidance of doubt, not including cars) by a Group Member to the Keepwell Provider or any of its Affiliates on terms where they may be leased back to a Group Member, provided that the aggregate amount of the book value of such Tooling Assets disposed of under such arrangement does not exceed (aggregated with any other such sale and leaseback arrangements) US$150,000,000 (or its equivalent) in any Financial Year of the Group.

Permitted Sale and Leaseback means the sale and leaseback of the real estate assets at Xxx Xxxx Xxxxxxx 0, 0000, Xxxxxxxxx, Xxxxxxx-xx-Xxxxx, Xxxxxxx.

Permitted Sale and Leaseback means the sale and lease back of the property located at Rohwedderstrasse 6, D-44369 Dortmund, Germany owned by Transmark DRW GmbH for a maximum aggregate consideration of no more than €2,000,000 (or its equivalent).

Permitted Sale and Leaseback means the sale of a research and development site at High Wycombe and leaseback of part of such site for fair market value and any other sale and leaseback approved by the Majority Banks;

Permitted Sale and Leaseback means the sale and lease back of the property located at Xxxxxxxxxxxxxxxx 0, X-00000 Xxxxxxxx, Xxxxxxx owned by Transmark DRW GmbH for a maximum aggregate consideration of no more than €2,000,000 (or its equivalent).

Permitted Sale and Leaseback means any Sale and Leaseback Transaction with respect to the sale, transfer or disposition of real property or other property consummated by the Issuer or any of its Restricted Subsidiaries after the Acquisition Effective Date; provided that any such Sale and Leaseback Transaction must be consummated for fair market value as determined at the time of consummation in good faith by the Issuer or such Restricted Subsidiary (which such determination may take into account any retained interest or other Investment of the Issuer or such Restricted Subsidiary in connection with, and any other material economic terms of, such Sale and Leaseback Transaction).