Common use of Operating Lease Obligations Clause in Contracts

Operating Lease Obligations. The Borrower will not incur or permit to exist any Lease Obligations except Capital Leases expressly permitted by this Agreement, if the aggregate amount of all such Lease Obligations would at any time exceed One Million Dollars ($1,000,000) during any fiscal year of the Borrower.

Appears in 2 contracts

Samples: Financing and Security Agreement (Sensys Technologies Inc), Financing and Security Agreement (Sensytech Inc)

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Operating Lease Obligations. The Borrower None of the Borrowers will not incur or permit to exist any Lease Obligations except Capital Leases expressly permitted by this AgreementAgreement so to do, if the aggregate amount of all such Lease Obligations of the Borrowers (taken as a whole) would at any time exceed One Million Five Hundred Thousand Dollars ($1,000,0001,500,000) during any fiscal year of the BorrowerBorrowers.

Appears in 1 contract

Samples: Financing and Security Agreement (Kimberton Enterprises Inc)

Operating Lease Obligations. The Borrower will not incur or permit to exist any Lease Obligations except Capital Leases expressly permitted by this Agreement, if the aggregate amount of all such Lease Obligations would at any time exceed One Ten Million Dollars ($1,000,00010,000,000) during any fiscal year of the Borrower.

Appears in 1 contract

Samples: Financing and Security Agreement (ARGON ST, Inc.)

Operating Lease Obligations. The Borrower Borrowers will not incur or permit to exist any Lease Obligations except Capital Leases expressly permitted by this Agreement, if the aggregate amount of all such Lease Obligations of the Borrowers (taken as a whole) would at any time exceed One Seven Million Five Hundred Thousand Dollars ($1,000,0007,500,000) during any fiscal year of the BorrowerBorrowers.

Appears in 1 contract

Samples: Financing and Security Agreement (Four M Corp)

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Operating Lease Obligations. The Borrower will not incur or permit to exist any Lease Obligations except Capital Leases expressly permitted by this Agreement, if the aggregate amount of all such Lease Obligations would at any time exceed One Two Million Five Hundred Thousand Dollars ($1,000,0002,500,000) during any fiscal year of the Borrower.”

Appears in 1 contract

Samples: Financing and Security Agreement (Sensytech Inc)

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