Limitation on Lease Obligations Sample Clauses

Limitation on Lease Obligations. The Company will not enter into any arrangement, directly or indirectly, whereby the Company shall sell or transfer any property owned by it in order then or thereafter to lease such property or to lease other property which the Company intends to use for substantially the same purpose as the property being sold or transferred. The Company will not be or become obligated as lessee under any lease except:
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Limitation on Lease Obligations. Incur, create, assume or permit to exist, directly or indirectly, any obligation as a lessee in an amount exceeding, during any fiscal year of Borrower, $2 million multiplied by the Pro Rata Percentage for such fiscal year in respect of any lease obligation other than (i) a Capital Lease Obligation, (ii) obligations under the MacArthur Sublease, and (iii) lease obligations under leases in effect on the Closing Date and set forth on Schedule 6.13.
Sample 1Sample 2
Limitation on Lease Obligations. 16 7.12. Merger, Consolidation and Sale of Assets...................................... 17 7.13. Partnership Agreement; Management Agreement................................... 17 7.14.
Sample 1Sample 2
Limitation on Lease Obligations. 59 6.19 Special Covenants Relating to the REIT......................................... 60 6.20 Taxation of the Borrower....................................................... 60 6.21 Changes to BofA Facility Documents............................................. 60 6.22 Non-Guarantor Subsidiaries..................................................... 60 6.23
Sample 1
Limitation on Lease Obligations. (a) Create or suffer to exist any obligations for the payment of rent for any property under a lease or agreement to lease that is not a Capital Lease Obligation, except for:
Sample 1
Limitation on Lease Obligations. 34 SECTION 6.14. BUSINESS.................................................................... 34 SECTION 6.15. LIMITATION ON ACCOUNTING CHANGES............................................ 34 SECTION 6.16. RESTRICTED PAYMENTS......................................................... 34 SECTION 6.17. FISCAL YEAR................................................................. 34 SECTION 6.18.
Sample 1

Related to Limitation on Lease Obligations

  • Limitation on Leases Neither the Borrower nor any Restricted Subsidiary will create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases and leases of Hydrocarbon Interests and firm transportation contracts or arrangements), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and the Restricted Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $25,000,000 in any period of twelve consecutive calendar months during the life of such leases.

  • Limitation on Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Lease Obligations The Company shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for:

  • Limitation on Sale and Lease-Back Transactions The Company will not, and will not permit any Restricted Subsidiary to, enter into any Sale and Lease-Back Transaction unless:

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Limitation on Incurrence of Indebtedness The Company will not, and will not cause or permit any of its Restricted Subsidiaries to incur, directly or indirectly, any Indebtedness, except:

  • Limitation on Obligations (a) The provisions of this Guaranty are severable, and in any action or proceeding involving any state corporate law, or any state, federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Subsidiary Guarantor under this Guaranty would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such Subsidiary Guarantor’s liability under this Guaranty, then, notwithstanding any other provision of this Guaranty to the contrary, the amount of such liability shall, without any further action by any Subsidiary Guarantor, the Administrative Agent or any other Credit Party, be automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant Subsidiary Guarantor’s “Maximum Liability”). This Section 9(a) with respect to the Maximum Liability of the Subsidiary Guarantors is intended solely to preserve the rights of the Administrative Agent and the Lenders hereunder to the maximum extent not subject to avoidance under applicable law, and neither a Subsidiary Guarantor nor any other Person shall have any right or claim under this Section 9(a) with respect to the Maximum Liability, except to the extent necessary so that the obligations of each Subsidiary Guarantor hereunder shall not be rendered voidable under applicable law.

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Capitalized Lease Obligations Sale and Leaseback Transactions, export credit facilities with a maturity of at least one year and Purchase Money Indebtedness of, including Guarantees of any of the foregoing by, the Issuer and/or any Restricted Subsidiary, in an aggregate principal amount at any one time outstanding not to exceed U.S.$1 billion;

  • Limitation on Guarantee Obligations Create, incur, assume or suffer to exist any Guarantee Obligation except:

Time is Money Join Law Insider Premium to draft better contracts faster.