Common use of Operating Lease Obligations Clause in Contracts

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $2,500,000 in any fiscal year.

Appears in 1 contract

Sources: Credit Agreement (Modtech Holdings Inc)

Operating Lease Obligations. 91- 92 The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $2,500,000 7,000,000 in any fiscal year.

Appears in 1 contract

Sources: Credit Agreement (Moll Industries Inc)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $2,500,000 11,000,000 in any fiscal year.

Appears in 1 contract

Sources: Credit Agreement (Aaipharma Inc)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases which in the aggregate for all such Persons would exceed $2,500,000 9,000,000 in any fiscal year.

Appears in 1 contract

Sources: Loan Agreement (Aaipharma Inc)

Operating Lease Obligations. The Credit Parties will not permit any Consolidated Party to enter into, assume or permit to exist any obligations for the payment of rental under Operating Leases in respect of all Property other than automobiles provided to sales representatives in the ordinary course of business, which in the aggregate for all such Persons of the Consolidated Parties would exceed $2,500,000 500,000 in any fiscal year.

Appears in 1 contract

Sources: Credit Agreement (American Medical Systems Holdings Inc)