Common use of Capital Lease Clause in Contracts

Capital Lease. any lease of a Person with respect to (or other arrangement conveying to a Person the right to use) any Property or a combination thereof, the obligations under which are required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP.

Appears in 6 contracts

Samples: Credit Agreement (Trans Energy Inc), Credit Agreement (Trans Energy Inc), Credit Agreement (Par Pacific Holdings, Inc.)

AutoNDA by SimpleDocs

Capital Lease. any lease of a Person with respect to (or other arrangement conveying to a Person the right to use) any Property or a combination thereof, the obligations under which are required to be classified and accounted for as a capital lease on a balance sheet of such Person under the GAAP.

Appears in 2 contracts

Samples: Credit Agreement (Parsley Energy, Inc.), Credit Agreement (Parsley Energy, Inc.)

AutoNDA by SimpleDocs

Capital Lease. With respect to any Person, any lease of a Person with respect to (or other arrangement agreement conveying to a Person the right to use) any Property real or a combination thereofpersonal property by such Person that, the obligations under which are required to be classified and in conformity with GAAP, is accounted for as a capital lease on a the balance sheet of such Person under GAAPPerson.

Appears in 1 contract

Samples: Loan and Security Agreement (Adcare Health Systems, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.