Common use of Capital Lease Obligation Clause in Contracts

Capital Lease Obligation. As to any Person, the obligations of such Person to pay rent or other amounts under any lease which is required to be classified and accounted for as a capital lease on a balance sheet of such Person in accordance with GAAP. For purposes of this Reimbursement and Pledge Agreement, the amount of such Capital Lease Obligation shall be the capitalized amount thereof determined in accordance with GAAP.

Appears in 5 contracts

Samples: Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)

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Capital Lease Obligation. As to any Person, the obligations of such Person to pay rent or other amounts under any lease which is required to be classified and accounted for as a capital lease on a balance sheet of such Person in accordance with GAAP. For purposes of this Reimbursement and Pledge Credit Agreement, the amount of such Capital Lease Obligation shall be the capitalized amount thereof determined in accordance with GAAP.

Appears in 1 contract

Samples: Credit Agreement (Montpelier Re Holdings LTD)

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Capital Lease Obligation. As to any Person, the obligations of such Person Any obligation to pay rent or other amounts ------------------------ under any a lease which of (or other agreement conveying the right to use) real or personal property that is required to be classified and accounted for as a capital lease on a balance sheet of such Person in accordance with GAAP. For obligation under GAAP and, for the purposes of this Reimbursement and Pledge Agreement, the amount of such Capital Lease Obligation obligation at any date shall be the capitalized amount thereof at such date, determined in accordance with GAAP.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Information Management Associates Inc)

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