Common use of Operating Lease Obligations Clause in Contracts

Operating Lease Obligations. Each of the Credit Parties will not, nor will it permit any Subsidiary to, enter into, assume or permit to exist any obligations for the payment of rent under Operating Leases which in the aggregate for all such Persons would exceed $3,250,000 in any fiscal year.

Appears in 3 contracts

Samples: Credit Agreement (Bradley Pharmaceuticals Inc), Credit Agreement (Bradley Pharmaceuticals Inc), Credit Agreement (Bradley Pharmaceuticals Inc)

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Operating Lease Obligations. Each of the Credit Parties will not, nor will it permit any Subsidiary to, enter into, assume or permit to exist any obligations for the payment of rent under Operating Leases which in the aggregate for all such Persons would exceed $3,250,000 25,000,000 in any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Neighborcare Inc)

Operating Lease Obligations. Each of the Credit Parties will not, nor will it permit any Subsidiary to, enter into, assume or permit to exist any obligations for the payment of rent under Operating Leases which in the aggregate for all such Persons would exceed $3,250,000 2,000,000 in any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Glenayre Technologies Inc)

Operating Lease Obligations. Each of the Credit Parties will not, nor will it permit any Subsidiary to, enter into, assume or permit to exist any obligations for the payment of rent under Operating Leases operating leases which in the aggregate for all such Persons would exceed $3,250,000 8,000,000 in any fiscal year.. Page 95

Appears in 1 contract

Samples: 000 Credit Agreement (Juno Lighting Inc)

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Operating Lease Obligations. Each of the Credit Parties will not, nor will it permit any Subsidiary to, enter into, assume or permit to exist any obligations for the payment of rent under Operating Leases which in the aggregate for all such Persons would exceed $3,250,000 in any fiscal year; provided that any Operating Leases acquired in connection with a Permitted Acquisition shall not count towards such limit.

Appears in 1 contract

Samples: Credit Agreement (Bradley Pharmaceuticals Inc)

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