Common use of Lease Limits Clause in Contracts

Lease Limits. Borrower will not and will not permit any of its Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing, if the aggregate amount of all rents (or substantially equivalent payments) paid by Borrower and its Subsidiaries under all such leases would exceed $11,000,000 in any fiscal year of Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Beacon Roofing Supply Inc), Loan and Security Agreement (Beacon Roofing Supply Inc)

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Lease Limits. Borrower will not and will not permit any of its Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing(other than intercompany leases between Borrower and its Subsidiaries), if the aggregate amount of all rents (or substantially equivalent payments) paid by Borrower and its Subsidiaries under all such leases would exceed $11,000,000 3,000,000 in any fiscal year of Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Acorn Products Inc), Credit Agreement (Acorn Products Inc)

Lease Limits. Borrower will not and will not permit any of its Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing, if the aggregate amount of all rents (or substantially equivalent payments) paid by Borrower and its Subsidiaries under all such leases would exceed $11,000,000 25,000,000 in any fiscal year Fiscal Year of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

Lease Limits. Borrower Borrowers will not and will not permit any of its their Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing, if the aggregate amount of all rents (or substantially equivalent payments) paid by Borrower Borrowers and its their Subsidiaries under all such leases would exceed $11,000,000 7,500,000 in any fiscal year Fiscal Year of BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

Lease Limits. Borrower Borrowers will not and will not permit any of its their respective Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing(other than intercompany leases between any Borrower and any Subsidiary of any Borrower), if the aggregate amount of all rents (or substantially equivalent payments) paid by Borrower Borrowers and its their Subsidiaries under all such leases would exceed $11,000,000 450,000 in any fiscal year Fiscal Year of BorrowerBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Guardian International Inc)

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Lease Limits. Borrower Borrowers will not and will not permit any of its their Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing, if the aggregate amount of all rents (or substantially equivalent payments) paid by Borrower Borrowers and its their Subsidiaries under all such leases would exceed $11,000,000 5,000,000 in any fiscal year Fiscal Year of BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

Lease Limits. The Borrower will not and will not permit any of its ------------ Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing(other than intercompany leases between the Borrower and its Subsidiaries), if the aggregate amount of all rents (or substantially equivalent payments) paid by the Borrower and its Subsidiaries under all such leases would exceed $11,000,000 10,000,000 in any fiscal year of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Zefer Corp)

Lease Limits. Borrower Borrowers will not and will not permit any of its their Subsidiaries directly or indirectly to become or remain liable in any way, whether directly or by assignment or as a guarantor or other surety, for the obligations of the lessee under any operating lease, synthetic lease or similar off-balance sheet financing, if the aggregate amount of all rents (or substantially equivalent payments) paid by Borrower Borrowers and its their Subsidiaries under all such leases would exceed $11,000,000 8,250,000 in any fiscal year Fiscal Year of BorrowerBorrowers.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Atlantis Plastics Inc)

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