Sale-Leaseback Transactions means any sales or transfers of any real or tangible personal property owned by any Person in order to lease such property for substantially the same purpose as the property being sold or transferred; provided that such sale or transfer is at fair market value and such lease is at fair rental value.
Sale-Leaseback Transactions has the meaning specified in Section 7.03(c).
Sale-Leaseback Transactions means the transactions contemplated by the Real Estate Purchase Agreements and the Master Transaction Agreement.
Examples of Sale-Leaseback Transactions in a sentence
In addition, the Indenture imposes certain limitations on, among other things, (i) the incurrence of Liens by the Guarantor or any Restricted Subsidiary, (ii) Sale-Leaseback Transactions by the Guarantor or any Restricted Subsidiary and (iii) consolidations, mergers, amalgamations and sales of assets of the Guarantor, the Company or any Subsidiary.
Neither the Company nor any of its Restricted Subsidiaries may sell or transfer to any Person other than the Company or any of its Subsidiaries any Principal Property owned by the Company or any of its Restricted Subsidiaries with the intention of taking back a lease thereof, other than Permitted Sale-Leaseback Transactions.
The Company will not, and will not permit any of its Restricted Subsidiaries to engage in sale and leaseback transactions except for Permitted Sale-Leaseback Transactions.
The Indenture imposes certain limitations on the ability of the Company and its Subsidiaries to, among other things, create or incur Liens, and enter into certain Sale/Leaseback Transactions.
In the event of certain Sale/Leaseback Transactions, the Company may be required to make a Net Proceeds Offer to purchase all or any portion of each Holder’s Notes, at 100% of the principal amount thereof, plus accrued and unpaid interest to the Net Proceeds Payment Date.
More Definitions of Sale-Leaseback Transactions
Sale-Leaseback Transactions as defined in Section 8.11.
Sale-Leaseback Transactions means collectively those transactions involving the sales of real property and related assets by the Borrowers and their Subsidiaries in transactions which contemplate the leaseback of such property, by the selling party thereof, following such sale, to the extent such transactions are identified on the list delivered to the Agent and the Banks and subject to the approval of the Required Banks pursuant to Section 8.2.7(iv)(A) (and including on such list, without limitation, the appraised value of each property, the selling price therefor and the Net Cash Proceeds to the Loan Parties resulting therefrom), and SALE-LEASEBACK TRANSACTION shall mean individually any of such transactions. SECURITY AGREEMENTS shall mean, collectively, the Amended and Restated Security Agreements in substantially the form of EXHIBIT 1.1(S) with such changes or modifications thereto as shall be acceptable to the Agent, executed and delivered by each of the Borrowers and their Subsidiaries to the Agent for the benefit of the Banks, and SECURITY AGREEMENT shall mean any of the Security Agreements.
Sale-Leaseback Transactions shall have the meaning given thereto in the Amendment."
Sale-Leaseback Transactions means an arrangement relating to Property now owned or hereafter acquired whereby the Company or a Restricted Subsidiary transfers such Property to a Person and the Company or a Restricted Subsidiary leases back such Property from such Person.
Sale-Leaseback Transactions means the series of transactions being entered by and among Project Developer, Borrower and Guaranteed Party pursuant to which (i) Guaranteed Party will purchase the Tulare Project from Project Developer pursuant to the terms and conditions set forth in the Purchase and Sale Agreement; (ii) Guaranteed Party, simultaneously therewith, will lease the Tulare Project back to Project Developer pursuant to the terms of the Lease Agreement; and (iii) Borrower, simultaneously therewith, will execute the Guaranty Agreement.
Sale-Leaseback Transactions means sales of any fixed or capital assets acquired after the Closing Date by any Loan Party or any Subsidiary: (w) that are made for cash consideration in an amount not less than the fair value of such fixed or capital assets and are consummated within 180 days after such Loan Party or such Subsidiary completes the capital expenditure project for the relevant store or corporate initiative which involved the acquisition or construction of such fixed or capital assets, (x) in respect of which such fixed or capital assets are not assets included in the computation of Borrowing Base, (y) in respect of which the proceeds shall be applied (i) until payment in full of the Revolving Loan Debt, to the Revolving Loan Debt as the case may be, and (ii) thereafter, if requested by the Agent, the Term Loan and (z) in respect of which such fixed or capital assets are immediately thereafter leased back to the applicable Loan Party or Subsidiary through a Capital Lease, provided that for certainty, the fixed or capital assets subject to such sales shall not include Inventory or Accounts and shall be limited to the furniture, fixtures and equipment (as such term is defined in the PPSA), including information technology equipment, of any Loan Party or any Subsidiary which are located at a retail location or the chief executive office of any Loan Party or any Subsidiary.
Sale-Leaseback Transactions has the meaning specified in Section 7.03(c). “Sanctioned Country” means, at any time, a country, territory or region which is itself, or whose government is, the subject or target of any applicable full-scope Sanctions (at the date of this Agreement, Cuba, Iran, North Korea, Sudan, Syria and Crimea). “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person 50% or more owned by any such Person or Persons described in clause (a) and (b). “Sanctions” means applicable economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or (b) the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority. “SEC” means the United States Securities and Exchange Commission (and any successor thereto). “SEC Filing” means a report or statement filed with the SEC pursuant to Section 13, 14, or 15(d) of the Exchange Act and the regulations thereunder. “Second Amendment” means that certain Second Amendment to Credit Agreement, dated as of September 13, 2016, by and among the Borrower, the Guarantors party thereto, the Banks party thereto and the Administrative Agent. “Second Amendment Effective Date” means the date on which the conditions set forth in Section 3 of the Second Amendment shall have been satisfied (or waived in accordance with Section 10.01). “Secured Bilateral Letter of Credit” means any performance or financial letter of credit that is issued by a LOC Bank for the account of any Loan Party or any Subsidiary of a Loan Party; provided that the aggregate amount of all such Secured Bilateral Letters of Credit shall not exceed $35,000,000. 23 122723226_17