Common use of Capitalized Lease Clause in Contracts

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles.

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principlesGAAP.

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles; provided that if the total of such future rental payment obligations is less than $250,000.00, then such lease shall be treated as an expense of such Person and not as a Capitalized Lease.

Capitalized Lease. A lease Lease under which a Person the Borrower is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principlesGAAP.

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. Cash. Money in legal tender of the United States.

Capitalized Lease. A lease Any Lease under which a Person the Borrower or any Affiliate thereof is the lessee or obligor, the discounted future remaining rental payment obligations Obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principlesGAAP.

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. Cash Collateral Account Agreement. The First Amended and Restated Cash Collateral Account Agreement between the Borrowers and the Agent, as the same may be modified or amended, such agreement to be in form and substance satisfactory to the Agent.

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. Cash Collateral Agreement. That certain Cash Collateral Account and Control Agreement dated of even date herewith between KeyBank, Agent and Borrowers.

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. Cash Collateral Agreement. The Cash Collateral Account Security, Pledge and Assignment Agreement dated of even date herewith among the Borrower, the Property Owner, the Managing Member, Guarantor and the Agent, as the same may be modified or amended, such agreement to be in form and substance satisfactory to the Majority Banks.

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principlesGAAP. CERCLA. See §6.18(a).

Capitalized Lease. A lease under which a Person is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. Closing Date. The first date on which the conditions set forth in Section 11 have been satisfied and any Advances are to be made.