Common use of Operating Lease Obligations Clause in Contracts

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $5,000,000 in any fiscal year.

Appears in 3 contracts

Samples: Credit Agreement (Glenayre Technologies Inc), Credit Agreement (Delta Woodside Industries Inc /Sc/), Credit Agreement (Delta Woodside Industries Inc /Sc/)

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Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases (excluding Ground Lease Interests) which in the aggregate for all such Persons would exceed $5,000,000 1,000,000 in any fiscal year.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (U S Restaurant Properties Inc), Credit Agreement (U S Restaurant Properties Inc)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $5,000,000 1,500,000 in any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Anchor Holdings Inc)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $5,000,000 in 22,000,000 for any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Ethyl Corp)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases (excluding ground leases) which in the aggregate for all such Persons would exceed $5,000,000 1,000,000 in any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (U S Restaurant Properties Inc)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $5,000,000 in any fiscal yearyear would exceed the sum of (i) $3,500,000 plus (ii) 4% of the revenues of the Person or Property acquired in each Permitted Acquisition consummated prior to the applicable date of determination under this Section 8.14.

Appears in 1 contract

Samples: Credit Agreement (Condor Systems Inc)

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Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $5,000,000 500,000 in any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Engineered Support Systems Inc)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $5,000,000 35,000,000 in any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Potlatch Corp)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $5,000,000 10,000,000 in any fiscal yearyear (without duplication as to the Consolidated Parties).

Appears in 1 contract

Samples: Credit Agreement (Glenayre Technologies Inc)

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