Capitalized Lease Obligation Sample Clauses
A Capitalized Lease Obligation clause defines the treatment of lease agreements that are accounted for as liabilities on a company's balance sheet, typically under accounting standards that require certain leases to be recognized as assets and corresponding obligations. This clause clarifies which leases are considered capitalized, often distinguishing them from operating leases, and may specify how these obligations are calculated or reported for financial covenants or compliance purposes. Its core function is to ensure consistency and transparency in financial reporting, helping parties understand the impact of lease commitments on a company's financial position and risk profile.
POPULAR SAMPLE Copied 2 times
Capitalized Lease Obligation. 3 Commission..................................................................................................3
Capitalized Lease Obligation any Debt represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. Cash - money, currency or a credit balance in a Deposit Account. Cash Equivalents - (i) marketable direct obligations issued or unconditionally guaranteed by the United States government and backed by the full faith and credit of the United States government having maturities of not more than 12 months; (ii) domestic certificates of deposit and time deposits having maturities of not more than 12 months, bankers' acceptances having maturities of not more than 12 months and overnight bank deposits, in each case issued by any commercial bank organized under the laws of the United States, any state thereof or the District of Columbia, which at the time of acquisition are rated A-1 (or better) by Standard & Poor's Corporation or P-1 (or better) by Mood▇'▇ ▇▇▇estors Services, Inc., and (unless issued by a Lender) not subject to offset rights in favor of such bank arising from any banking relationship with such bank; (iii) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clauses (i) and (ii) entered into with any financial institution meeting the qualifications specified in clause (ii) above; and (iv) commercial paper having at the time of investment therein or a contractual commitment to invest therein a rating of A-1 (or better) by Standard & Poor's Corporation or P-1 (or better) by Mood▇'▇ ▇▇▇estors Services, Inc., and having a maturity of not more than 9 months. Cash Collateral - cash or Cash Equivalents, and any interest earned thereon, that is deposited with Agent in accordance with the Agreement for the Pro Rata benefit of Lenders as security for the Obligations to the extent provided in the Agreement. Cash Collateral Account - a demand deposit, money market or other account established by Agent at such financial institution as Agent may select in its discretion, which account shall be in Agent's name and subject to Agent's Liens for the Pro Rata benefit of Lenders. CERCLA - the Comprehensive Environmental Response Compensation and Liability Act, 42 U.S.C. Section 9601 et seq. and its implementing regulations.
Capitalized Lease Obligation any Indebtedness represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP.
Capitalized Lease Obligation. 3 Commission..............................................................................3 Company ...............................................................................3 "Company Request" and "Company Order"...................................................3
Capitalized Lease Obligation. For any person, Capitalized Lease Obligation means the monetary obligation of such Person under any lease of any real or personal property, or a combination thereof by such Person as lessee which would, in accordance with GAAP, be required to be accounted for as a financing lease on the balance sheet of such Person, and the amount of such obligations shall be the capitalized amount thereof.
Capitalized Lease Obligation any Debt represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. CASH COLLATERAL - cash or Cash Equivalents, and any interest earned thereon, that is deposited with Agent in accordance with the Agreement for the Pro Rata benefit of Lenders as security for the Obligations to the extent provided in the Agreement. CASH COLLATERAL ACCOUNT - a demand deposit, money market or other account established by Agent at such financial institution as Agent may select in its discretion, which account shall be in Agent's name and subject to Agent's Liens for the Pro Rata benefit of Lenders. CASH EQUIVALENTS - (i) marketable direct obligations issued or unconditionally guaranteed by the United States government and backed by the full faith and credit of the United States government having maturities of not more than 12 months from the date of acquisition; (ii) domestic certificates of deposit and time deposits having maturities of not more than 12 months from the date of acquisition, bankers' acceptances having maturities of not more than 12 months from the date of acquisition and overnight bank deposits, in each case issued by any commercial bank organized under the laws of the United States, any state thereof or the District of Columbia, which at the time of acquisition are rated A-1 (or better) by Standard & Poor's Corporation or P-1 (or better) by ▇▇▇▇▇'▇ Investors Services, Inc., and (unless issued by a Lender) not subject to offset rights in favor of such bank arising from any banking relationship with such bank; (iii) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clauses (i) and (ii) entered into with any financial institution meeting the qualifications specified in clause (ii) above; and (iv) commercial paper having at the time of investment therein or a contractual commitment to invest therein a rating of A-1 (or better) by Standard & Poor's Corporation or P-1 (or better) by ▇▇▇▇▇'▇ Investors Services, Inc., and having a maturity within 9 months after the date of acquisition thereof. CERCLA - the Comprehensive Environmental Response Compensation and Liability Act, 42 U.S.C. Section 9601 et seq. and its implementing regulations. CHASE - The Chase Manhattan Bank or its successors or assigns. CHASE INTERCREDITOR AGREEMENT - the Intercreditor Agreement in the form annexed hereto as EXHIBIT K to be entered into between Chase an...
Capitalized Lease Obligation. Any obligation of Tenant, as tenant or guarantor, under a Capital Lease.
Capitalized Lease Obligation. 2 "Capital Stock".........................................................................................2 "Commission"............................................................................................3 "Common Depositary".....................................................................................3 "Company"...............................................................................................3 "Company Request" or "Company Order"....................................................................3 "Corporate Trust Office"................................................................................3 "Covenant Defeasance"...................................................................................3 "Custodian".............................................................................................3 "Default"...............................................................................................3 "Defaulted Interest"....................................................................................3 "Defeasance"............................................................................................3 "Dollars" and "$".......................................................................................3 "Event of Default"......................................................................................3 "Exchange Act"..........................................................................................3 "GAAP"..................................................................................................3 "Holder or Securityholder"..............................................................................4 "Indebtedness"..........................................................................................4 "Indenture".............................................................................................4 "Interest",.............................................................................................4 "Interest Payment Date",................................................................................4 "Lien"..................................................................................................4 "Maturity"..............................................................................................4 "Officer"...............................................................................................5 "Officer's Certificate"........................................
Capitalized Lease Obligation. The term "
Capitalized Lease Obligation. That portion of the obligations under a capital lease that is required to be capitalized in accordance with GAAP.