LEASE COMMITMENTS. We have entered into various long-term noncancelable operating leases, including leases with Shell (see note 8). Future minimum lease commitments at December 31, 2002 are as follows: 2003 – $5.2 million; 2004 – $5.2 million; 2005 – $5.2 million; 2006 – $4.9 million; 2007 – $3.8 million; and thereafter – $16.2 million. We recorded $5.6 million and $4.1 million in rent expense for the year ended December 31, 2002 and the ten months ended December 31, 2001, respectively.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Kraton Polymers LLC), Agreement and Plan of Merger (Kraton Polymers LLC)