Common use of Limitation on Leases Clause in Contracts

Limitation on Leases. Neither Borrower nor any Subsidiary will create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases and leases of Hydrocarbon Interests, pipelines or compressor leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrowers and the Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary will create, incur, assume or suffer permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases capital leases, leases of Hydrocarbon Interests and leases of Hydrocarbon Interestsautomobiles, pipelines compression or compressor leasesother oilfield equipment leased in the ordinary course of business), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrowers Borrower and the its Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, agreements to exceed $5,000,000 500,000.00 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither The Borrower nor will not, and will not permit any Subsidiary will to, create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases and leases of Hydrocarbon Interests, pipelines or compressor leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrowers Borrower and the Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $5,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary of its Subsidiaries will create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases permitted under Section 9,02(f) and leases of Hydrocarbon Interests, pipelines or compressor leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrowers Borrower and the its Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Subsidiary of its Subsidiaries will create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases permitted by Section 9.02(g) and leases of Hydrocarbon Interests, pipelines or compressor leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrowers Borrower and the its Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. Neither the Borrower nor any Restricted Subsidiary will create, incur, assume or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases and leases of Hydrocarbon Interests, pipelines or compressor leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrowers Borrower and the Restricted Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $5,000,000 in any period of twelve 12 consecutive calendar months during the life of such leases.