Common use of Limitation on Leases Clause in Contracts

Limitation on Leases. None of the Obligors nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leases, but excluding leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors and their Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of the Obligors nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leases, but excluding leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors and their Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 500,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of Neither the Obligors Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leasespersonal, but excluding leases of Hydrocarbon Interests, oil and gas operating agreements and capital leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors Borrower and their its Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 5,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of the Obligors nor any -------------------- Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leases, but excluding leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors and their Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 500,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of the Obligors nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal personal, including capital leases, but excluding leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors and their Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of Neither the Obligors Borrower nor any Subsidiary will create, incur, assume or permit suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leases, leases but excluding leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors Borrower and their its Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 300,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of Neither the Obligors Borrower nor any Subsidiary will create, incur, assume or permit suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leases, leases but excluding leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors Borrower and their the Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 500,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of the Obligors nor any Subsidiary of their Subsidiaries will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leasespersonal, but excluding leases of Hydrocarbon InterestsInterests and capital leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors and their Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 2,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. None of Neither the Obligors Borrower nor any Subsidiary will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal including capital leases, but excluding leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors Borrower and their its Subsidiaries pursuant to all such leases or lease agreements to exceed $1,000,000 250,000 in any period of twelve consecutive calendar months during the life of such leases.