SaleLeaseback Transactions

SaleLeaseback Transactions. Shall mean, collectively, the series of successive transactions, to occur on or after the Sale-Leaseback Date, pursuant to which (i) Hops shall convey the Sale-Leaseback Property to the SPV in exchange for the Sale-Leaseback Proceeds, which shall be paid to the Borrower directly on behalf of Hops, pursuant to the Sale-Leaseback Agreement, (ii) the SPV shall lease the Sale-Leaseback Property to Hops pursuant to the SPV Master Lease, (iii) the Borrower shall guaranty the... payment obligations of Hops to the SPV arising under the SPV Master Lease pursuant to the SPV Master Lease Guaranty, and (iv) the Borrower shall license the use of the Hops Marks to the SPV pursuant to the Hops Marks License. In addition to the foregoing, the term "Sale-Leaseback Transactions" shall also include that portion of the Swap Equipment Transactions pertaining to the leasing of additional Sale-Leaseback Personalty under the SPV Master Lease, whether occurring on or subsequent to the Sale-Leaseback Date. View More