Permitted Capital Leases definition

Permitted Capital Leases means Capital Leases entered into by the Borrower or any of its Subsidiaries in the ordinary course of business during any fiscal year of the Borrower, provided that the aggregate amount of all obligations created, incurred or assumed thereunder during such fiscal year does not exceed $500,000, computed on a cumulative consolidated basis for the Borrower and the Subsidiaries.
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Permitted Capital Leases shall have the meaning set forth in Section 8.21 hereof.
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Permitted Capital Leases. (i) Capital Leases of Borrower and Subsidiaries set forth on Schedule P-2, and (ii) other Capital Leases of Borrower and Subsidiaries so long as the aggregate amount of such other Capital Leases does not exceed $250,000 at any time outstanding.
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Examples of Permitted Capital Leases in a sentence

  • Such Credit Party shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for (a) leases of such Credit Party and of Subsidiaries in existence on the Closing Date, (b) Operating Leases entered into by such Credit Party or any Subsidiary after the Closing Date in the ordinary course of business and (c) Permitted Capital Leases approved by the Agent.

  • Such Credit Party shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for (a) leases of such Credit Party and of Subsidiaries in existence on the Closing Date, (b) Operating Leases entered into by such Credit Party or any Subsidiary after the Closing Date in the ordinary course of business and (c) Permitted Capital Leases.

  • Permitted Capital Leases: (i) Capital Leases of Borrowers and Subsidiaries set forth on Schedule P-2, and (ii) other Capital Leases of Borrowers and Subsidiaries so long as the aggregate amount of such other Capital Leases does not exceed $1,000,000 at any time outstanding.

  • Borrower shall own and shall have paid in full for, or shall lease pursuant to Permitted Capital Leases entered into in compliance with the terms of the Documents, all furnishings, fixtures, and equipment (other than Tenants’ property) used in connection with the operation of the Property, free of all security interests, liens, or encumbrances except the Permitted Encumbrances and those created by the Documents.