Common use of Lease Payments Clause in Contracts

Lease Payments. Borrower will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower and its Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 3 contracts

Samples: Credit Agreement (Collegiate Pacific Inc), Credit Agreement (Collegiate Pacific Inc), Credit Agreement (Collegiate Pacific Inc)

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Lease Payments. Borrower will not, and will shall cause each Restricted Subsidiary not permit any Subsidiary to, directly or indirectly, to incur or assume (whether pursuant to a Guarantee or otherwise) ), directly or indirectly, any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower and its Consolidated the Restricted Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 250,000 for any calendar year under all such leases (excluding Capital Qualified Ground Leases).

Appears in 1 contract

Samples: Credit Agreement (Medical Properties Trust Inc)

Lease Payments. Borrower will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower and its Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 3,500,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (Sport Supply Group, Inc.)

Lease Payments. Borrower Borrowers will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower Borrowers and its their Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 19,000,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (Ahl Services Inc)

Lease Payments. No Borrower will, or will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower Borrowers and its their Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (Atlantic Premium Brands LTD)

Lease Payments. No Borrower will, or will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower Borrowers and its their Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 500,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (Valera Pharmaceuticals Inc)

Lease Payments. Borrower will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower and its Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (DynaVox Inc.)

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Lease Payments. No Borrower will, or will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower Borrowers and its their Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 5,000,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (Cyberonics Inc)

Lease Payments. Borrower will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower and its Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 1,500,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (Obagi Medical Products, Inc.)

Lease Payments. Neither Borrower will, nor will not, and will not it permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower and its Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 100,000 for any calendar year under all such leases (excluding Capital Leases).

Appears in 1 contract

Samples: Credit Agreement (Williams Controls Inc)

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