None of Holdings, the Parent Borrower or any other Restricted Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby Holdings, the Parent Borrower or any other Restricted Subsidiary shall sell, lease or otherwise transfer any of its Property, whether now owned or hereafter acquired, and whereby Holdings, the Parent Borrower or any other Restricted Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which Holdings, the Parent Borrower or any other Restricted Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred, unless (i) both before and after giving effect thereto, no Default exists or would result therefrom, (ii) such Property consists solely of a Restaurant Location or Store No. 9930, and (iii) the Net Cash Proceeds of such transaction are applied in accordance with Section 2.08(c) .