Common use of LEASE EXPENSES; PURCHASE MONEY INDEBTEDNESS Clause in Contracts

LEASE EXPENSES; PURCHASE MONEY INDEBTEDNESS. Permit aggregate operating lease expenses (excluding lease payments under capital leases), for the Company and its Subsidiaries in the aggregate in any fiscal year, to exceed $500,000. Incur or create new capital lease obligations or purchase money Indebtedness in any fiscal year in excess of $200,000 in the aggregate for the Company and its Subsidiaries. Permit aggregate capital lease obligations and purchase money Indebtedness outstanding at any one time to exceed $2,000,000 in the aggregate for the Company and its Subsidiaries.

Appears in 4 contracts

Samples: Loan Agreement (Ascent Pediatrics Inc), Loan Agreement (Ascent Pediatrics Inc), Loan Agreement (Alpharma Inc)

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LEASE EXPENSES; PURCHASE MONEY INDEBTEDNESS. Permit aggregate operating lease expenses (excluding lease payments under capital leases), for the Company and its Subsidiaries in the aggregate in any fiscal year, to exceed $500,000. Incur or create new capital lease obligations or purchase money Indebtedness indebtedness in any fiscal year in excess of $200,000 in the aggregate for the Company and its Subsidiaries. Permit aggregate capital lease obligations and purchase money Indebtedness indebtedness outstanding at any one time to exceed $2,000,000 500,000 in the aggregate for the Company and its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Fs Private Investments LLC)

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LEASE EXPENSES; PURCHASE MONEY INDEBTEDNESS. Permit aggregate operating lease expenses (excluding lease payments under capital leases), for the Company and its Subsidiaries in the aggregate in any fiscal year, to exceed $500,000. Incur or create new capital lease obligations or purchase money Indebtedness in any fiscal year in excess of 9 11 $200,000 in the aggregate for the Company and its Subsidiaries. Permit aggregate capital lease obligations and purchase money Indebtedness outstanding at any one time to exceed $2,000,000 in the aggregate for the Company and its Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ascent Pediatrics Inc)

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