Capital Lease. Borrower shall not, without first obtaining Lender’s written consent in each case, enter into any lease for capital goods and/or equipment (each, a “Capital Lease”) that, when aggregated with all other Capital Leases for the Property, covers goods and/or equipment, which, if purchased, would exceed $1,000,000.00 in value.
Appears in 2 contracts
Samples: Security Agreement (CNL Hotels & Resorts, Inc.), Trust, Security Agreement (CNL Hotels & Resorts, Inc.)
Capital Lease. Borrower shall not, without first obtaining LenderLxxxxx’s written consent in each case, enter into any lease for capital goods and/or equipment (each, a “Capital Lease”) that, when aggregated with all other Capital Leases for the Property, covers goods and/or equipment, which, if purchased, would exceed $1,000,000.00 in value.
Appears in 2 contracts
Samples: Multi State Mortgage and Security Agreement (CNL Hotels & Resorts, Inc.), Trust, Security Agreement and Fixture Filing (CNL Hotels & Resorts, Inc.)
Capital Lease. Borrower shall not, without first obtaining Lender’s written consent in each case, enter into (i) any lease for capital goods and/or equipment (each, a “Capital Lease”) that covers goods and/or equipment, which, if purchased, would exceed $200,000.00 in value, or (ii) any Capital Lease that, when aggregated with all other Capital Leases for the Property, covers goods and/or equipment, which, if purchased, would exceed $1,000,000.00 200,000.00 in value.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Eagle Hospitality Properties Trust, Inc.)
