Capital and Operating Leases Sample Clauses
Capital and Operating Leases. At all such times during which the Borrowers have Unused Availability of less than $25,000,000, each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, enter into any lease obligation unless (i) payments on account of the lease of assets which if leased would constitute a capitalized lease do not exceed $5,000,000 in the aggregate in the most recent fiscal year of the Borrowers (the “Annual Capital Lease Limit”), (ii) payments on account of the rental or lease of real or personal property do not exceed $16,000,000 in the aggregate in the most recent fiscal year of the Borrowers (the “Annual Operating Lease Limit”), and (iii) after giving effect the such capital or operating lease obligation to be incurred, the aggregate payments in any fiscal year on account of capital leases and operating leases shall not exceed either the Annual Capital Lease Limit or the Annual Operating Lease Limit respectively. All such leases shall be made under usual and customary terms and in the ordinary course of business.
Capital and Operating Leases. Set forth in Schedule 4.20 is a true and complete list and summary description of all Capital Leases and Operating Leases under which any Obligor is a lessee, together with the annual payment amounts due thereunder, expiration date and other information as may be reasonably requested by the Administrative Agent.
Capital and Operating Leases. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, make any payments exceeding $5,000,000 in the aggregate in any fiscal year on account of the lease of assets which if leased would constitute a capitalized lease, or any payment exceeding $16,000,000 in the aggregate in any fiscal year on account of the rental or lease of real or personal property of any other Person which does not constitute a capitalized lease, and all such leases shall be made under usual and customary terms and in the ordinary course of business.
Capital and Operating Leases. All of each Seller's right, title, interest and equity in and to and under the leases identified on Schedule 1(f)(i) and Schedule 1(f)(ii) attached hereto and incorporated herein for all purposes (collectively, the "Leases"), including, but not limited to, all deposits and prepaid expenses related to all of the Leases;
Capital and Operating Leases. All of Seller's right, title, interest and equity under the equipment leases identified in Schedule 1(h) attached hereto including, but not limited to, all deposits and prepaid expenses related to all leases of Equipment;