Limitations on Leases. Neither Parent nor 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 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 Parent, Borrower and the Subsidiaries pursuant to all such lease or lease agreements to exceed $2,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.
Limitations on Leases. The Borrower shall not enter into, or be or become liable under, any agreement for the lease, hire or use of any real property or of any personal property, except for leases (whether or not Capital Leases) the aggregate annual rental under which, together with the aggregate annual principal and interest payments under purchase money obligations permitted by Section 11.2(c), shall not exceed $100,000 in any fiscal year of the Borrower.
Limitations on Leases. Section 6.25 of the Credit Agreement shall be amended by replacing the reference therein to “$25,000,000” with a reference to “$40,000,000”.
Limitations on Leases. Create, incur or assume --------------------- combined lease expense.
Limitations on Leases. Create, incur or assume combined lease expense (but specifically excluding amounts included in the Budgeted Negative Cost of an item of Product) for any twelve consecutive calendar months in excess of $600,000.
Limitations on Leases. The Company will not, and will not permit any Subsidiary to, at any time be or become liable at any time as lessee under any lease (other than a lease giving rise to a Capitalized Lease Obligation) having an original (or then unexpired) term of one (1) year or more if:
Limitations on Leases. Except as set forth in the next sentence, the Company covenants and agrees that so long as, and at any time that, (i) any shares of Preferred Stock are held by the Investor or any Eligible Holder and (ii) the IRR Trigger Date has not occurred, the Company will not, and will not permit any Majority-Owned Subsidiary to, enter into any Long-Term Lease, unless, after including in Consolidated Rental Obligations the amount of all minimum or guaranteed net rentals the Company or such Majority-Owned Subsidiary is directly or indirectly liable for (as lessee or as a guarantor or other surety) under such Long-Term Lease which will accrue during the 12-month period following the date upon which the Company or its Subsidiary enters into such Long-Term Lease, the Consolidated Rental Obligations for such 12-month period will not exceed the applicable amount set forth below based upon the Fiscal Year in which such Long-Term Lease is proposed to be entered into: 1996 $2,700,000 1997 $2,500,000 1998 $2,200,000 1999 $1,750,000 2000 $1,500,000 Notwithstanding the foregoing, there shall be excluded from the calculation of Consolidated Rental Obligations pursuant to the preceding sentence any and all variable lease payments (i.e., payments made pursuant to a Long-Term Lease or otherwise that are based solely upon usage or other operating criteria rather than being fixed in amount and as to which there are no minimum and no guaranteed periodic payment obligations). Notwithstanding the foregoing, for the purposes of this Section 8.15, there shall be excluded from the coverage of "Long-Term Leases" and "Consolidated Rental Obligations" any lease or other contract or commitment, and payments required thereunder, with respect to MRI, CT or other medical equipment and related trailers or buildings and related improvements.
Limitations on Leases. Create, incur or assume combined --------------------- lease expense (but specifically excluding amounts included in the Budgeted Negative Cost of an item of Product) for any twelve consecutive calendar months in excess of $2,000,000.
