Lease Expense. The Borrower will not, and will not permit any other Loan Party to, enter into any lease agreement (other than capital leases giving rise to Capital Lease Obligations) if, after giving effect to such new lease agreement, consolidated annual rental expense of the Borrower and its Subsidiaries attributable to leases (other than capital leases giving rise to Capital Lease Obligations) would exceed $20,000,000.
Lease Expense. Permit the consolidated lease and rental expense for it and its Subsidiaries during any four fiscal quarter period to exceed $150,000. For the purpose of making any financial or other accounting determination under this Agreement, any obligation owed to the Borrower or any of its Subsidiaries shall be, unless sooner charged-off, deemed to have been charged off on the fiscal quarter during which such obligation first became more than 150 days past due (the determination of the amount of such charge-offs to be on a consolidated basis without duplication).
Lease Expense. Lease expense will be calculated using the actual purchase price of the asset, the number of years in the useful life of the asset, and the prime interest rate on the date of acquisition, assuming full amortization over the useful life of the asset. The result is the forecasted lease expense for the asset for the rate year. Useful lives are: office equipment 5 years; vehicles 8 years; carts/bins/debris boxes 10 years; buildings and leasehold improvements 20 years. Forecasted lease expense will reflect CONTRACTOR’s procurement schedule in Exhibit 6 as well as other reasonably necessary capital costs.
Lease Expense. Incur or pay more than USD 5,000,000 per year for the lease or rental of equipment, vessels or real property other than rental for their principal place of business referred to in Section 11.9 above.
Lease Expense. The Borrowing Base shall be calculated based upon the most recent Borrowing Base received by Lender.
Lease Expense. The Borrower will not, and will not permit any other Loan Party to, enter into any lease agreement (other than capital leases giving rise to Capital Lease Obligations) if, after giving effect to such new lease agreement, consolidated annual rental expense of the Borrower and its Subsidiaries attributable to leases (other than capital leases giving rise to Capital Lease Obligations) would exceed $8,000,000. Scheduled Properties. Borrower may not amend or revise the listing of properties set forth on Schedule 2.09 without the prior written consent of the Administrative Agent and the First Lien Agent; provided, however, that (x) only prior written notice to the Administrative Agent and the First Lien Agent (without any necessity for any consent by the Administrative Agent or the First Lien Agent) shall be required for the transfer of any Excluded Property (other than Store Number 25 in Corpus Christi, Texas) to Schedule 2.09 or for the transfer of the office building currently owned by Borrower to Schedule 2.09 and (y) the Administrative Agent and the First Lien Agent shall not unreasonably withhold its consent to the replacement of one or more of the properties set forth on Schedule 2.09 with another property owned by Borrower or any of its Subsidiaries (other than the office building currently owned by Borrower) so long as (a) immediately thereafter and giving effect thereto, no event will occur and be continuing which constitutes a Default; (b) the properties proposed to be removed from Schedule 2.09 shall have a value, as determined by each of the Administrative Agent and the First Lien Agent in its reasonable discretion, less than or equal to the properties which will be added to Schedule 2.09; and (c) the aggregate value, based on the appraisal valuations for any applicable properties conducted before the date of this Agreement or, if no such appraisal is available, as determined by each of the Administrative Agent and the First Lien Agent in its reasonable discretion, of all properties removed from Schedule 2.09 after the Effective Date shall not exceed $4,500,000.
Lease Expense. Excluding Capital Leases and rental for their principal place of business referred to in Section 3.1(d) above, incur or pay more than USD 5,000,000.00 per year in the aggregate for the lease, charter or rental of equipment, vessels or real property pursuant to leases, charters or rental agreements having a term in excess of six (6) months.
Lease Expense. 7 3.7 Bowlin Long-Term Debt...............................................7 3.8 Leases and Advertising Contracts....................................7 3.9 Faces...............................................................8 3.10 Permits; Compliance with Laws.......................................8 3.11
Lease Expense. The Lease Expense did not exceed $108,000.
Lease Expense. The Borrower will not permit Consolidated Lease Expense (i) for the period of two consecutive fiscal quarters ended December 31, 1997, to be greater than 6.0% of Consolidated Net Revenue for such period, (ii) for the period of three consecutive fiscal quarters ending March 31, 1998, to be greater than 6.0% of Consolidated Net Revenue for such period, and
