Common use of Capital Lease Obligations; Sale/Leaseback Obligations Clause in Contracts

Capital Lease Obligations; Sale/Leaseback Obligations. No Credit Party will, and will not permit any Restricted Subsidiary to, create, incur, assume or suffer to exist, any Capital Lease Obligations or Sale/Leaseback Obligations, whether directly or as a guarantor, if, after giving effect thereto, the aggregate amount of all payments required to be made by the Credit Parties on a consolidated basis pursuant to Capital Lease Obligations and Sale/Leaseback Obligations would exceed Cdn.$2,500,000 in any Fiscal Year.

Appears in 4 contracts

Samples: Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.)

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Capital Lease Obligations; Sale/Leaseback Obligations. No Credit Party will, and will not permit any Restricted Subsidiary to, create, incur, assume or suffer to exist, any Capital Lease Obligations or Sale/Leaseback Obligations, whether directly or as a guarantor, if, after giving effect thereto, the aggregate amount of all payments required to be made by the Credit Parties on a consolidated basis pursuant to Capital Lease Obligations and Sale/Leaseback Obligations would exceed Cdn.$2,500,000 Cdn.$4,000,000 in any Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (Mercer International Inc.)

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