FL » Topics » 25. Commitments

These excerpts taken from the FL 10-K filed Mar 30, 2009.

27. Commitments

     In connection with the sale of various businesses and assets, the Company may be obligated for certain lease commitments transferred to third parties and pursuant to certain normal representations, warranties, or indemnifications entered into with the purchasers of such businesses or assets. Although the maximum potential amounts for such obligations cannot be readily determined, management believes that the resolution of such contingencies will not have a material effect on the Company’s consolidated financial position, liquidity, or results of operations. The Company is also operating certain stores and making rental payments for which lease agreements are in the process of being negotiated with landlords. Although there is no contractual commitment to make these payments, it is likely that a lease will be executed.

     The Company does not have any off-balance sheet financing, other than operating leases entered into in the normal course of business and disclosed above, or unconsolidated special purpose entities. The Company does not participate in transactions that generate relationships with unconsolidated entities or financial partnerships, including variable interest entities.

27. Commitments


     In
connection with the sale of various businesses and assets, the Company may be
obligated for certain lease commitments transferred to third parties and
pursuant to certain normal representations, warranties, or indemnifications
entered into with the purchasers of such businesses or assets. Although the
maximum potential amounts for such obligations cannot be readily determined,
management believes that the resolution of such contingencies will not have a
material effect on the Company’s consolidated financial position, liquidity, or
results of operations. The Company is also operating certain stores and making
rental payments for which lease agreements are in the process of being
negotiated with landlords. Although there is no contractual commitment to make
these payments, it is likely that a lease will be executed.


     The
Company does not have any off-balance sheet financing, other than operating
leases entered into in the normal course of business and disclosed above, or
unconsolidated special purpose entities. The Company does not participate in
transactions that generate relationships with unconsolidated entities or
financial partnerships, including variable interest entities.


27. Commitments


     In
connection with the sale of various businesses and assets, the Company may be
obligated for certain lease commitments transferred to third parties and
pursuant to certain normal representations, warranties, or indemnifications
entered into with the purchasers of such businesses or assets. Although the
maximum potential amounts for such obligations cannot be readily determined,
management believes that the resolution of such contingencies will not have a
material effect on the Company’s consolidated financial position, liquidity, or
results of operations. The Company is also operating certain stores and making
rental payments for which lease agreements are in the process of being
negotiated with landlords. Although there is no contractual commitment to make
these payments, it is likely that a lease will be executed.


     The
Company does not have any off-balance sheet financing, other than operating
leases entered into in the normal course of business and disclosed above, or
unconsolidated special purpose entities. The Company does not participate in
transactions that generate relationships with unconsolidated entities or
financial partnerships, including variable interest entities.


These excerpts taken from the FL 10-K filed Mar 31, 2008.

25. Commitments

     In connection with the sale of various businesses and assets, the Company may be obligated for certain lease commitments transferred to third parties and pursuant to certain normal representations, warranties, or indemnifications entered into with the purchasers of such businesses or assets. Although the maximum potential amounts for such obligations cannot be readily determined, management believes that the resolution of such contingencies will not have a material effect on the Company’s consolidated financial position, liquidity, or results of operations. The Company is also operating certain stores and making rental payments for which lease agreements are in the process of being negotiated with landlords. Although there is no contractual commitment to make these payments, it is likely that a lease will be executed.

     The Company does not have any off-balance sheet financing, other than operating leases entered into in the normal course of business and disclosed above, or unconsolidated special purpose entities. The Company does not participate in transactions that generate relationships with unconsolidated entities or financial partnerships, including variable interest entities.

25. Commitments


     In
connection with the sale of various businesses and assets, the Company may be
obligated for certain lease commitments transferred to third parties and
pursuant to certain normal representations, warranties, or indemnifications
entered into with the purchasers of such businesses or assets. Although the
maximum potential amounts for such obligations cannot be readily determined,
management believes that the resolution of such contingencies will not have a
material effect on the Company’s consolidated financial position, liquidity, or
results of operations. The Company is also operating certain stores and making
rental payments for which lease agreements are in the process of being
negotiated with landlords. Although there is no contractual commitment to make
these payments, it is likely that a lease will be executed.


     The
Company does not have any off-balance sheet financing, other than operating
leases entered into in the normal course of business and disclosed above, or
unconsolidated special purpose entities. The Company does not participate in
transactions that generate relationships with unconsolidated entities or
financial partnerships, including variable interest entities.


This excerpt taken from the FL 10-K filed Apr 2, 2007.

24    Commitments

     In connection with the sale of various businesses and assets, the Company may be obligated for certain lease commitments transferred to third parties and pursuant to certain normal representations, warranties, or indemnifications entered into with the purchasers of such businesses or assets. Although the maximum potential amounts for such obligations cannot be readily determined, management believes that the resolution of such contingencies will not have a material effect on the Company’s consolidated financial position, liquidity, or results of operations. The Company

59


is also operating certain stores and making rental payments for which lease agreements are in the process of being negotiated with landlords. Although there is no contractual commitment to make these payments, it is likely that a lease will be executed.

     The Company does not have any off-balance sheet financing, other than operating leases entered into in the normal course of business and disclosed above, or unconsolidated special purpose entities. The Company does not participate in transactions that generate relationships with unconsolidated entities or financial partnerships, including variable interest entities.

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