Common use of Limitation on Leases Clause in Contracts

Limitation on Leases. The Borrower will not, and will not permit any Subsidiary 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 Oil and Gas Properties), under leases or lease agreements which would cause the aggregate amount of all net payments made by the Borrower and the Subsidiaries pursuant to all such leases or lease agreements, including 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. The Borrower Obligors will not, and will not permit any Subsidiary 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 Oil and Gas PropertiesHydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all net payments made by the Borrower Obligors and the Subsidiaries pursuant to all such leases or lease agreements, including including, without limitation, any residual payments at the end of any lease, to exceed $5,000,000 100,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. The Borrower will not, and will not permit any Subsidiary 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 Oil and Gas Properties), under leases or lease agreements which would cause the aggregate amount of all net payments made by the Borrower and the Subsidiaries pursuant to all such leases or lease agreements, including any residual payments at the end of any lease, to exceed $5,000,000 2,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. The Borrower Borrowers will not, and will not permit any Subsidiary 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 Oil and Gas PropertiesHydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all net payments made by the Borrower Borrowers and the Subsidiaries pursuant to all such leases or lease agreements, including including, without limitation, any residual payments at the end of any lease, to exceed $5,000,000 1,000,000 in any period of twelve consecutive calendar months during the life of such leases.

Limitation on Leases. The Borrower Company will not, and will not permit any Subsidiary 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 Oil and Gas Properties), under leases or lease agreements which would cause the aggregate amount of all net payments made by the Borrower Company and the Subsidiaries pursuant to all such leases or lease agreements, including any residual payments at the end of any lease, to exceed $5,000,000 210,000,000 in any period of twelve (12) consecutive calendar months during the life of such leases.

Limitation on Leases. The Borrower will not, and will not permit any Subsidiary 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 Oil and Gas PropertiesHydrocarbon Interests), under leases or lease agreements which would cause the aggregate amount of all net payments made by the Borrower and the its Subsidiaries pursuant to all such leases or lease agreements, including any residual payments at the end of any lease, to exceed $5,000,000 500,000 in any period of twelve consecutive calendar months during the life of such leases.