Define: Sale and Leaseback Transaction
What does "Sale and Leaseback Transaction" mean? The meaning differs based on the contract. We found 4 definitions across 2 companies in SEC filings.
Definition 1 (AMERICAN TOWER CORP /MA/, seen in 1 filing)
Sale and Leaseback Transaction means any arrangement, directly or indirectly, with any third party whereby the Company or any of its Subsidiaries shall sell or transfer any property, real or personal, whether now owned or hereafter acquired, and whereby the Company or any of its Subsidiaries shall then or thereafter rent or lease as lessee such property or any part thereof or other property which the Company or any of its Subsidiaries intend to use for substantially the same purpose or purposes as the property sold or transferred, except for such arrangements for fair market value.
Source: AMERICAN TOWER CORP /MA/ 10-K
Definition 2 (AMERICAN TOWER CORP /MA/, seen in 1 filing)
Sale and Leaseback Transaction means any arrangement, directly or indirectly, with any third party whereby the Company or any of its Subsidiaries shall sell or transfer any property, real or personal, whether now owned or hereafter acquired, and whereby the Company or any of its Subsidiaries shall then or thereafter rent or lease as lessee such property or any part thereof or other property which the Company or any of its Subsidiaries intend to.
Source: AMERICAN TOWER CORP /MA/ 10-K
Definition 3 (AMERICAN TOWER CORP /MA/, seen in 1 filing)
Sale and Leaseback Transaction means any arrangement, directly or indirectly, with any third party whereby the Borrower or any of its Subsidiaries shall sell or transfer any property, real or personal, whether now owned or hereafter acquired, and whereby the Borrower or any of its Subsidiaries shall then or thereafter rent or lease as lessee such property or any part thereof or other property which the Borrower or any of its Subsidiaries intend to use for substantially the same purpose or purposes as the property sold or transferred, except for such arrangements for fair market value.
Source: AMERICAN TOWER CORP /MA/ 10-K
Definition 4 (BROADRIDGE FINANCIAL SOLUTIONS, INC., seen in 1 filing)
Sale and Leaseback Transaction means any arrangement, directly or indirectly, whereby the Company or any Subsidiary 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 that it intends to use for substantially the same purpose or purposes as the property sold or transferred.
Source: BROADRIDGE FINANCIAL SOLUTIONS, INC. 8-K
Data extracted from 6 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.