Common use of Operating Leases Clause in Contracts

Operating Leases. Neither the Borrower nor any of its Subsidiaries shall create, incur, assume or permit to exist obligations under Operating Leases which require aggregate annual payments in excess of $1,500,000.00.

Appears in 7 contracts

Sources: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc)

Operating Leases. Neither the Borrower nor any of its Subsidiaries shall create, incur, assume or permit to exist obligations under Operating Leases which require aggregate annual payments in excess of $1,500,000.004,000,000.

Appears in 1 contract

Sources: Credit Agreement (Chattem Canada Holdings Inc)

Operating Leases. Neither the Borrower nor any of its Subsidiaries shall create, incur, assume or permit to exist obligations under Operating Leases which require aggregate annual payments in excess of $1,500,000.004,500,000.

Appears in 1 contract

Sources: Credit Agreement (Chattem Inc)

Operating Leases. Neither the Borrower nor any of its Subsidiaries shall create, incur, assume or permit to exist obligations under Operating Leases which require aggregate annual payments in excess of $1,500,000.001,500,000.

Appears in 1 contract

Sources: Credit Agreement (Chattem Inc)