Common use of Limitation on Leases Clause in Contracts

Limitation on Leases. Except with respect to the Leases ---------------------- set forth on Schedule 10.07, neither the 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), under leases or lease agreements which would cause the aggregate amount of all payments made by the 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 $25,000 in any period of twelve consecutive calendar months during the life of such leases without the approval of the Lenders.

Limitation on Leases. Except with respect to the Leases ---------------------- set forth on Schedule 10.07The Borrower will not, neither the Borrower nor and will not permit any Restricted 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 Leases, compressor leases and leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and the its Restricted Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $25,000 in any period of twelve consecutive calendar months during the life of such leases without the approval lesser of (a) $10,000,000 and (b) five percent (5%) of the LendersBorrowing Base then in effect.

Limitation on Leases. Except with respect to the Leases ---------------------- set forth on Schedule 10.07The Borrower will not, neither the Borrower nor and will not permit any Restricted 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 Leases, compressor leases and leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all payments made by the Borrower and the its Restricted Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $25,000 in any period of twelve consecutive calendar months during the life of such leases without the approval lesser of (a) $20,000,000 and (b) five percent (5%) of the LendersBorrowing Base then in effect.

Limitation on Leases. Except with respect to the Leases ---------------------- set forth on Schedule 10.07, neither 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 and permitted by Section 9.02(g), leases of Hydrocarbon InterestsInterests and drilling and other similar contracts), under leases or lease agreements which would cause the aggregate amount of all payments made by the 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 $25,000 10,000,000 in any period of twelve consecutive calendar months during the life of such leases without the approval of the Lendersleases.”