Lease Expense. The Borrower will not, and will not permit any other Loan Party to, enter into any lease agreement (other than capital leases giving rise to Capital Lease Obligations) if, after giving effect to such new lease agreement, consolidated annual rental expense of the Borrower and its Subsidiaries attributable to leases (other than capital leases giving rise to Capital Lease Obligations) would exceed $20,000,000.
Lease Expense. Lease expense will be calculated using the actual purchase price of the asset, the number of years in the useful life of the asset, and the prime interest rate on the date of acquisition, assuming full amortization over the useful life of the asset. The result is the forecasted lease expense for the asset for the rate year. Useful lives are: office equipment 5 years; vehicles 8 years; carts/bins/debris boxes 10 years; buildings and leasehold improvements 20 years. Forecasted lease expense will reflect CONTRACTOR’s procurement schedule in Exhibit 6 as well as other reasonably necessary capital costs.
Lease Expense. Permit the consolidated lease and rental expense for it and its Subsidiaries during any four fiscal quarter period to exceed $150,000. For the purpose of making any financial or other accounting determination under this Agreement, any obligation owed to the Borrower or any of its Subsidiaries shall be, unless sooner charged-off, deemed to have been charged off on the fiscal quarter during which such obligation first became more than 150 days past due (the determination of the amount of such charge-offs to be on a consolidated basis without duplication).
Lease Expense. Incur or pay more than USD 250,000.00 per year for the lease or rental of equipment, vessels or real property other than rental for their principal place of business referred to in Section 11.9 above.
Lease Expense. The Borrower will not permit Consolidated Lease Expense (i) for the period of two consecutive fiscal quarters ended December 31, 1997, to be greater than 6.0% of Consolidated Net Revenue for such period, (ii) for the period of three consecutive fiscal quarters ending March 31, 1998, to be greater than 6.0% of Consolidated Net Revenue for such period, and
Lease Expense. Excluding capital leases, incur or pay more than USD 5,000,000.00 per year for the lease, charter or rental of equipment, vessels or real property in excess of twelve (12) months, other than rental for their principal place of business referred to in Section 3.1(d) above.
Lease Expense. Excluding Capital Leases and rental for their principal place of business referred to in Section 3.1(d) above, incur or pay more than USD 5,000,000.00 per year in the aggregate for the lease, charter or rental of equipment, vessels or real property pursuant to leases, charters or rental agreements having a term in excess of six (6) months.
Lease Expense. 56 13.24 Capital Expenditures............................................ 56 13.25 Dividends....................................................... 56 13.26
Lease Expense. 41 12.21 Dividends.......................................................41 12.22
Lease Expense. 7 3.7 Bowlin Long-Term Debt...............................................7 3.8 Leases and Advertising Contracts....................................7 3.9 Faces...............................................................8 3.10 Permits; Compliance with Laws.......................................8 3.11
