Indebtedness; Securitization Transactions; Sale/Leaseback Transactions Sample Clauses

This clause defines and regulates the types of financial obligations a party may incur, specifically addressing indebtedness, securitization transactions, and sale/leaseback arrangements. It typically sets limits or conditions on how much debt can be taken on, outlines the permissible use of asset-backed financing, and governs the circumstances under which assets can be sold and leased back. By establishing these boundaries, the clause helps prevent excessive risk-taking and ensures that the financial stability of the party is maintained, thereby protecting the interests of lenders or other stakeholders.
Indebtedness; Securitization Transactions; Sale/Leaseback Transactions. (a) Prior to the Investment Grade Rating Date:
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Indebtedness; Securitization Transactions; Sale/Leaseback Transactions. Section 6.3(a)(i) of the Credit Agreement is amended in its entirety to read “[Intentionally Deleted]”.
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Indebtedness; Securitization Transactions; Sale/Leaseback Transactions. 46 Section 6.4 Transactions with Affiliates 47 Section 6.5 Changes in Organization Documents 48 Section 6.6 Restrictive Agreements 48 Section 6.7 Change in Nature of Business 49 Section 6.8 Consolidated Leverage Ratio 49 ARTICLE 7. EVENTS OF DEFAULT 49 ARTICLE 8. THE ADMINISTRATIVE AGENT 51
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Indebtedness; Securitization Transactions; Sale/Leaseback Transactions 
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Related to Indebtedness; Securitization Transactions; Sale/Leaseback Transactions

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

  • Sale and Leaseback Transactions The Borrower will not, and will not permit any of the Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred.

  • Sale and Lease-Back Transactions Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02, as the case may be.

  • Limitation on Sale/Leaseback Transactions The Guarantor shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale-Leaseback Transaction unless: (a) the Sale-Leaseback Transaction occurs within six months from the date of the acquisition of the Restricted Property subject thereto or the date of the completion of construction or commencement of full operations of such Restricted Property, whichever is later; or (b) the Sale-Leaseback Transaction is between the Guarantor and a Restricted Subsidiary of the Guarantor, or between Restricted Subsidiaries of the Guarantor; or (c) the Sale-Leaseback Transaction involves a lease for a period, including renewals, of not more than three years; or (d) the Sale-Leaseback Transaction constitutes a Permitted Lien for the purposes of Section 3.03 hereof; or (e) the Guarantor or such Restricted Subsidiary, within a one year period after such Sale-Leaseback Transaction, (i) applies or causes to be applied an amount not less than the Attributable Indebtedness from such Sale-Leaseback Transaction to the prepayment, repayment, redemption, reduction or retirement of any Indebtedness of the Guarantor or any Subsidiary having a maturity of more than one year that is not subordinated to the Notes or the Guarantee or (ii) enters into a bona fide commitment to expend an amount not less than the Attributable Indebtedness for such Sale-Leaseback Transaction during such one-year period to the acquisition, construction or development of other similar Property.

  • Sale Leasebacks Enter into any Sale and Leaseback Transaction.