Common use of Limitation on Leases Clause in Contracts

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 Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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, leases of Hydrocarbon Interests and firm transportation contracts or arrangementsdrilling contracts), 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 1,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither The Borrower will not, and will not permit the Borrower nor any Restricted Subsidiary will Subsidiaries to, 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 arrangementsInterests), 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 10,000,000 (net of any sub-leases) in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), 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 5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

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 including capital leases but excluding Capital Leases and leases of Hydrocarbon Interests and firm transportation contracts or arrangementsthe equipment used thereon), 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, agreements to exceed $25,000,000 2,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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, leases of Hydrocarbon Interests and firm transportation contracts or arrangementsleases of drilling rigs), 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 2,500,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower Credit Parties 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 $25,000,000 200,000 in any period of twelve consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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 1,500,000 in any period of twelve consecutive calendar months during the life of such leases.

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 Interests, pipeline leases or arrangementscompressor leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower Borrowers 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 5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Restricted Subsidiary of its Subsidiaries 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 permitted under Section 9.02(f) and leases of Hydrocarbon Interests and firm transportation contracts or arrangementsInterests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and the Restricted its 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 10,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor any Restricted Subsidiary will not, and will not permit its Subsidiaries to, 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, leases of Hydrocarbon Interests and firm transportation contracts or arrangementsleases of drilling rigs), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and the Restricted its Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $25,000,000 200,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor The Borrowers will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), under leases or lease agreements which would cause the aggregate amount of all payments made by the any Co-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 1,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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 5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), 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 20,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither The Borrower will not, and will not permit the Borrower nor any Restricted Subsidiary will Subsidiaries to, 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 arrangementsInterests), 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 10,000,000 (net of any sub- leases) in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), 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 2,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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, including any residual payments at the end of any lease, to exceed $25,000,000 5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor The Borrowers will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), under leases or lease agreements which would cause the aggregate amount of all payments made by the any Co-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 1,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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 50,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor No Obligor or 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 permitted by Section 9.02(g) or (h) and leases of Hydrocarbon Interests and firm transportation contracts or arrangementsInterests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower each Obligor 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 5,000,000.00 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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, leases of Hydrocarbon Interests and firm transportation contracts or arrangementsleases of drilling rigs), 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 2,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), 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 2,000,000 in any period of twelve 12 consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), 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 (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither of the Borrower Borrowers nor any Restricted Subsidiary of their Subsidiaries will create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property property of any kind whatsoever (real or personal personal, but excluding Capital Leases oil and/or gas leases and leases of Hydrocarbon Interests and firm transportation contracts compressors or arrangementsother oilfield equipment), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower Borrowers and the Restricted their Subsidiaries pursuant to all such leases or lease agreements, including, without -52- limitation, any residual payments at the end of any lease, to exceed $25,000,000 1,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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 7,500,000 in any period of twelve consecutive calendar months during the life of such leases.”

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), 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 10,000,000 in any period of twelve consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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, including any residual payments at the end of any lease, to exceed $25,000,000 20,000,000 in any period of twelve consecutive calendar months during the life of such leases.

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 arrangementsLeases), 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 2,500,000 in any period of twelve consecutive calendar months during the life of such leases.

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 the greater of $25,000,000 10,000,000 or 5% of the then effective Borrowing Base in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither The Parent and the Borrower nor will not, and will not permit any Restricted Subsidiary will of their respective subsidiaries to, 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 arrangementsInterests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and the Restricted other 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 10,000,000 in any period of twelve consecutive calendar months during the life of such leases.

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, leases of Hydrocarbon Interests Interests, and firm transportation contracts or arrangementsusual and customary operating leases), 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 7,500,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, 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 arrangementsInterests), 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 1,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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 2,000,000 in any period of twelve consecutive calendar months during the life of such leases.

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 arrangementsInterests), 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 15,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor will not, and will not permit any Restricted Subsidiary will to, create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property property of any kind whatsoever (real or personal personal, but excluding Capital Leases oil and/or gas leases and leases of Hydrocarbon Interests and firm transportation contracts compressors or arrangementsother oilfield equipment), 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 1,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.