Common use of Limitation on Leases Clause in Contracts

Limitation on Leases. The Parent will not, and will not permit any other Credit Party 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), under leases or lease agreements which would cause the aggregate amount of all payments made by the Credit Parties pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $4,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. The Parent Credit Parties will not, and will not permit any other Credit Party of the Restricted 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 InterestsOil and Gas Properties), under leases or lease agreements which would cause the aggregate amount of all payments made by the Credit Parties Borrower and the Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, including any residual payments at the end of any lease, to exceed $4,000,000 10,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. The Parent will Borrower shall not, and will shall not permit any other Credit Party 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 Leases, leases of Hydrocarbon interests and leases of Hydrocarbon Interestsdrilling rigs), under leases or lease agreements which would cause the aggregate amount of all payments made by the Credit Parties pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $4,000,000 5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. The Parent will not, and will not permit any other Credit Party 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), under leases or lease agreements which would cause the aggregate amount of all payments made by the Credit Parties pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $4,000,000 3,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. The Parent Borrower will not, and will not permit any other Credit Loan Party 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), under leases or lease agreements which would cause the aggregate amount of all payments made by the Credit Loan Parties pursuant to all such leases or lease agreements, including, without limitation, including any residual payments at the end of any lease, to exceed $4,000,000 1,000,000 in any period of twelve consecutive calendar months during the life of such leases.