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Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
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Table of Contents

Future minimum payments for capital leases, other financing obligations and non-cancelable operating leases in effect as of December 31, 2009 are as follows:

 

     Future Minimum Payments
     Capital
Leases
    Other Financing
Arrangements
    Operating
Leases
   Total

For the year ending December 31,

         

2010

   $ 3,552      $ 1,949      $ 5,147    $ 10,648

2011

     3,565        1,619        2,686      7,870

2012

     3,590        1,454        1,921      6,965

2013

     3,624        995        1,331      5,950

2014

     3,659        668        909      5,236

2015 and thereafter

     40,744        10,829        3,587      55,160
                             

Net minimum rentals

     58,734        17,514      $ 15,581    $ 91,829
                 

Less: interest portion

     (28,447     (5,867     
                     

Present value of future minimum rentals

   $ 30,287      $ 11,647        
                     

 

Non-cancelable purchase agreements exist with various suppliers for goods and services, such as advisory services (as described in Note 15) and information technology support. The terms of these agreements are fixed and determinable. As of December 31, 2009, the Company had the following purchase commitments:

 

     Purchase
Commitments

For the year ending December 31,

  

2010

   $ 15,586

2011

     9,297

2012

     4,630

2013

     4,035

2014

     4,035

2015 and thereafter

     9,403
      

Total

   $ 46,986
      

 

Off-Balance Sheet Commitments

 

The Company executes contracts involving indemnifications standard in the relevant industry and indemnifications specific to a transaction such as sale of a business. These indemnifications might include claims relating to the following: environmental matters; intellectual property rights; governmental regulations and employment-related matters; customer, supplier and other commercial contractual relationships; and financial matters. Performance under these indemnities would generally be triggered by a breach of terms of the contract or by a third-party claim. Historically, the Company has had only minimal and infrequent losses associated with these indemnities. Consequently, any future liabilities brought about by these indemnities cannot reasonably be estimated or accrued.

 

Indemnifications provided as part of Contracts and Agreements

 

The Company is a party to the following three types of agreements pursuant to which it may be obligated to indemnify the other party with respect to certain matters:

 

Sponsors: On the closing date of the 2006 Acquisition, the Company entered into customary indemnification agreements with the Sponsors pursuant to which the Company will indemnify the Sponsors,

 

F-58