Capital Lease as applied to any Person, means any lease of any property (whether real, personal or mixed) by that Person or entity as lessee that, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of that Person or entity.
Capital Lease. The term "CAPITAL LEASE" means a lease with respect to which the lessee's obligations thereunder should, in accordance with G.A.A.P., be capitalized and reflected as a liability on the balance sheet of the lessee.
Capital Lease. Capital Lease shall mean a financing mechanism that meets any one of the following criteria: (i) ownership (title) to the leased asset passes to the lessee by the end of the lease term for a relatively nominal amount as compared to the fair market of such asset; (ii) pursuant to the lease, lessee has an option to purchase the leased asset at the end (or near the end) of the lease term for a relatively nominal amount as compared to the fair market value of such asset; (iii) the lease term is equal to or greater than 75% of the estimated economic life of the leased asset; or (iv) the net present value of the lease payments equals or exceeds 90% of the current market value of the leased asset.
Capital Lease. Borrower shall not, without first obtaining Lender’s written consent in each case, enter into any lease for capital goods and/or equipment (each, a “Capital Lease”) that, when aggregated with all other Capital Leases for the Property, covers goods and/or equipment, which, if purchased, would exceed $1,000,000.00 in value.
Capital Lease of a Person means any lease or other arrangement relating to property which would be required to be accounted for as a capital lease on a balance sheet of that Person if that balance sheet were prepared in accordance with GAAP and audited in accordance with GAAS.
Capital Lease. Next Metrology is not a party to any capital lease agreement (leasing) except for those listed in Annex 8(b).
Capital Lease. A lease of any kind of property or asset, whether real, personal or mixed, or tangible or intangible, by Tenant or its Subsidiaries as lessee, that is, or should be, in accordance with FASB Statement No. 13, as amended from time to time, or if such Statement No. 13 is not then in effect, such other statement of Generally Accepted 9 Accounting Principles may be applicable, recorded as a “capital lease” on the balance sheet of Tenant prepared in accordance with Generally Acceptable Accounting Principles.
Capital Lease any lease required to be capitalized for financial reporting purposes in accordance with GAAP.Cash Collateral: cash delivered to Agent to Cash Collateralize any Obligations, and all interest, dividends, earnings and other proceeds relating thereto.Cash Collateralize: the delivery of cash to Agent, as security for the payment of (a) Dutch Obligations, in an amount equal to (i) with respect to Dutch LC Obligations, 105% of the aggregate Dutch LC Obligations, and (ii) with respect to any inchoate, contingent or other Dutch Obligations (including Dutch Secured Bank Product Obligations), Agent’s good faith estimate of the amount due or to become due, including fees, expenses and indemnification hereunder and (b) U.S. Obligations, in an amount equal to (i) with respect to U.S. LC Obligations, 105% of the aggregate U.S. LC Obligations, and (ii) with respect to any inchoate, contingent or other U.S. Obligations (including U.S. Secured Bank Product Obligations), Agent’s good faith estimate of the amount due or to become due, including fees, expenses and indemnification hereunder. “Cash Collateralization” has a correlative meaning.Cash Equivalents: (a) marketable obligations issued or unconditionally guaranteed by, and backed by the full faith and credit of, the U.S. government, maturing within 12 months of the date of acquisition; (b) certificates of deposit, time deposits and bankers’ acceptances maturing within 12 months of the date of acquisition, and overnight bank deposits, in each case which are issued by Bank of America or a commercial bank organized under the laws of the United States or any state or district thereof, rated A-1 (or better) by S&P or P-1 (or better) by Moody’s at the time of acquisition, and (unless issued by a Lender) not subject to offset rights; (c) repurchase obligations with a term of not more than 30 days for underlying investments of the types described in clauses (a) and (b) entered into with any bank described in clause (b); (d) commercial paper issued by Bank of America or rated A-1 (or better) by S&P or P-1 (or better) by Moody’s, and maturing within nine months of the date of acquisition; and (e) shares of any money market fund that has substantially all of its assets invested continuously in the types of investments referred to above, has net assets of at least $500,000,000 and has the highest rating obtainable from either Moody’s or S&P.Cash Management Services: services relating to operating, collections, payroll, trust, or ot...
Capital Lease. As to any Person, a lease of any interest in any kind of property or asset by that Person as lessee that is, should be or should have been recorded as a "capital lease" in accordance with GAAP.
Capital Lease. At the end of the Term of any Lease Order for a Capital Lease and provided that Customer is not in default, Lessor will release any security interest it may have in the applicable Product and the Capital Lease shall terminate.