Common use of Limitation on Leases Clause in Contracts

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, but excluding capital leases, leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease or lease agreements to exceed $3,750,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, but excluding capital leases, leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease or lease agreements to exceed $3,750,000 500,000.00 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, but personal excluding capital leases, leases of Hydrocarbon Interests, Interests and other leases of oil and gas field production automobiles, compression or other oilfield equipment entered into leased in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease leases or lease agreements to exceed $3,750,000 500,000.00 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 permit suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, personal but excluding capital leases, Capital Leases and leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its the Restricted Subsidiaries pursuant to all such lease leases or lease agreements agreements, including, without limitation, any residual payments at the end of any lease, to exceed $3,750,000 3,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, but excluding capital leases, leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease or lease agreements to exceed $3,750,000 2,500,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personalpersonal including capital leases, but excluding capital leases, leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), ) under leases or lease agreements for terms in excess of, or are noncancellable by the Borrower or such Subsidiary within, twelve months which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease leases or lease agreements to exceed $3,750,000 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 Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personalpersonal including capital leases, but excluding capital leases, leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements for terms in excess of, or are noncancellable by the Borrower or such Subsidiary within, twelve months which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease leases or lease agreements to exceed $3,750,000 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 Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, but personal excluding capital leases, leases of Hydrocarbon Interests, Interests and other leases of oil and gas field production automobiles, compression or other oilfield equipment entered into leased in the ordinary course of business), under leases or lease agreements which that would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease leases or lease agreements to exceed $3,750,000 1,500,000.00 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, but excluding capital leases, leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease or lease agreements to exceed $3,750,000 10,000,000.00 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Material --------------------- Subsidiary will create, incur, assume or permit suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, personal but excluding capital leases, Capital Leases and leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its the Material Subsidiaries pursuant to all such lease leases or lease agreements agreements, including, without limitation, any residual payments at the end of any lease, to exceed $3,750,000 3,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any ---------------------- Material Subsidiary will create, incur, assume or permit suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, personal but excluding capital leases, Capital Leases and leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its the Material Subsidiaries pursuant to all such lease leases or lease agreements agreements, including, without limitation, any residual payments at the end of any lease, to exceed $3,750,000 3,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, but personal excluding capital leases, leases of Hydrocarbon Interests, Interests and other leases of oil and gas field production automobiles, compression or other oilfield equipment entered into leased in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and its Subsidiaries pursuant to all such lease leases or lease agreements to exceed $3,750,000 1,500,000.00 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 permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personalpersonal including capital leases, but excluding capital leases, leases of Hydrocarbon Interests, and other leases of oil and gas field production equipment entered into in the ordinary course of business), under leases or lease agreements for terms in excess of, or are non-cancelable by Borrower or such Subsidiary within, twelve months which would cause the aggregate amount of all payments made by the Borrower and its Restricted Subsidiaries pursuant to all such lease leases or lease agreements to exceed $3,750,000 1,000,000.00 in any period of twelve (12) consecutive calendar months during the life of such leases.