Common use of Capitalized Leases Clause in Contracts

Capitalized Leases. Following the Closing, if the Assumed Liabilities include more than $75,000 of principal and accrued interest resulting from capitalized leases primarily for the benefit of the Bay Area Business, Seller will, upon written request from Buyer within 180 days following the Closing (such request to contain information in reasonable detail as to the basis for such request), promptly reimburse Buyer for the amount of such excess over $75,000.

Capitalized Leases. Following the Closing, if the Assumed Liabilities include more than $75,000 25,000 of principal and accrued interest resulting from capitalized leases primarily for the benefit of the Bay Area Other Business, Seller will, upon written request from Buyer within 180 days following the Closing (such request to contain information in reasonable detail as to the basis for such request), promptly reimburse Buyer for the amount of such excess over $75,00025,000.