Common use of Operating Leases Clause in Contracts

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,000.

Appears in 16 contracts

Samples: Credit Agreement (Golden State Water CO), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

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Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0006,000,000.”

Appears in 12 contracts

Samples: Credit Agreement (Golden State Water CO), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0006,000,000."

Appears in 2 contracts

Samples: Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed the applicable amount set forth below for such Fiscal Year: Maximum Aggregate Annual Fiscal Year Operating Lease Obligation ------------- -------------------------- 1999 $4,000,000.3,250,000 2000 $4,000,000 2001 $6,000,000 2002 $7,000,000 2003 $8,000,000

Appears in 1 contract

Samples: Term Loan Agreement (Safeskin Corp)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0001,000,000.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (American Coin Merchandising Trust Iv)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed the applicable amount set forth below for such Fiscal Year: Maximum Aggregate Annual Fiscal Year Operating Lease Obligation ----------- -------------------------- 1998 $4,000,000.2,500,000 1999 $3,250,000

Appears in 1 contract

Samples: Term Loan Agreement (Safeskin Corp)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0003,000,000.

Appears in 1 contract

Samples: Credit Agreement (Southern California Water Co)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0002,000,000.

Appears in 1 contract

Samples: Credit Agreement (American States Water Co)

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Operating Leases. Incur any obligation to pay rent under an operating lease in any (a) the Fiscal Year ending December 31, 1998 if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0001,400,000 or (b) any Fiscal Year thereafter if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $2,250,000.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (American Coin Merchandising Inc)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year fiscal year of Domestic Borrower if to do so would result in the aggregate obligation of Borrower Borrowers and its their Subsidiaries to pay rent make cash payments under all operating leases in that Fiscal Year fiscal year to exceed the sum of the amount set forth in Schedule 8.2.9 as of the Closing Date plus $4,000,000500,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Channell Commercial Corp)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower Borrowers and its their Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0001,000,000.

Appears in 1 contract

Samples: Loan Agreement (Safeskin Corp)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,0002,500,000.

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

Operating Leases. Incur any obligation to pay rent under an operating lease in any Fiscal Year fiscal year of Domestic Borrower if to do so would result in the aggregate obligation of Borrower Borrowers and its their Subsidiaries to pay rent make cash payments under all operating leases in that Fiscal Year fiscal year to exceed the sum of the amount set forth in Schedule 8.2.9 as of the Closing Date plus $4,000,000300,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Channell Commercial Corp)

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