Common use of Capital Lease Obligations Clause in Contracts

Capital Lease Obligations. The Borrower will not, and will not permit any of the Subsidiaries to, incur any Capital Lease Obligations if, after giving effect to the incurrence of such Capital Lease Obligations, the aggregate principal amount of all outstanding Capital Lease Obligations of the Borrower and the Subsidiaries would exceed $500,000,000.

Appears in 4 contracts

Samples: Credit Agreement (Kinder Morgan Inc), 364 Day Credit Agreement (Kinder Morgan Inc), 364 Day Credit Agreement (Kinder Morgan Inc)

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Capital Lease Obligations. The Borrower will not, and will not permit any of the or cause its Subsidiaries to, incur any Capital Lease Obligations if, after giving effect to the incurrence of such Capital Lease Obligations, Obligations the aggregate principal amount of all outstanding Capital Lease Obligations of the Borrower and the Subsidiaries then outstanding at such time would exceed $500,000,00015,000,000 (exclusive of Capital Lease Obligations in respect of any Permitted Corporate Jet Acquisition).

Appears in 1 contract

Samples: Credit Agreement (Ackerley Group Inc)

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