Common use of Rental Obligations Clause in Contracts

Rental Obligations. The Borrower will not enter into at any time any arrangement which does not create a Capitalized Lease Liability and which involves the leasing by the Borrower from any lessor of any real or personal property (or any interest therein), except as disclosed on Item 7.2.8 ("Rental Obligations") of the Disclosure Schedule and arrangements which, together with all other such arrangements which shall then be in effect, will not require the payment of an aggregate amount of rentals by the Borrower in excess of (excluding escalations resulting from a rise in the consumer price or similar index) $720,000 for any Fiscal Year or $2,160,000 during the full remaining term of such arrangements; provided, however, that any calculation made for purposes of this Section shall exclude any amounts required to be expended for maintenance and repairs, insurance, taxes, assessments, and other similar charges.

Rental Obligations. The Borrower will not, and will not permit the Intermediate Partnership to, enter into at any time any arrangement which does not create a Capitalized Lease Liability and which involves the leasing by the Borrower or any of its Subsidiaries from any lessor of any real or personal property (or any interest therein), except as disclosed on Item 7.2.8 ("Rental Obligations") of the Disclosure Schedule and arrangements which, together with all other such arrangements which shall then be in effect, will not require the payment of an aggregate amount of rentals by the Borrower and its Subsidiaries in excess of (excluding escalations resulting from a rise in the consumer price or similar index) $720,000 1,000,000 for any Fiscal Year or $2,160,000 3,000,000 during the full remaining term of such arrangements; provided, however, that any calculation made for purposes of this Section shall exclude any amounts required to be expended for maintenance and repairs, insurance, taxes, assessments, and other similar charges.