FAS 13 definition

FAS 13 means Statement of Financial Accounting Standards (SFAS) No. 13, as amended and interpreted from time to time.
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FAS 13 means Statement Number 13 issued by the Financial Accounting Standards Board as same may be amended or interpreted from time to time.
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FAS 13 means: Statement of Financial Accounting Standards No. 13 as promulgated by the Financial Accounting Standards Board.
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Examples of FAS 13 in a sentence

  • The present value of Basic Lease Rent payable during the Basic Lease Term under the Facility Lease (taking into account any rent adjustment through or contemplated on the Closing Date), together with all rent payable under the related Facility Site Sublease, discounted at the Discount Rate, shall satisfy the 90 percent test for operating lease treatment under FAS 13 and ▇▇▇▇▇ City shall have been advised by its auditor that the Facility Lease qualifies for such operating lease treatment.

  • The Monthly Report shall include the following: • Rent Roll which reconciles to the rental income per the statement of operation • Income Statement • Balance Sheet (trial balance sheet to be provided in Excel format) • Re-Forecast Cash Flow through Year End • Check Register • Listing of capital expenditures with the amount spent in the current month and to date versus budget together with supporting documentation for such expenditures • FAS 13 (straight line rent) schedules.

  • It is the further intent of the Parties to this Agreement that this Agreement and the transaction evidenced by the Operative Agreements conform with and satisfy the requirements of, to the extent applicable, FAS 13, FASB Interpretation No. 46, Emerging Issues Task Force, 1997\Issue 97-1 and Emerging Issues Task Force, 1997\Issue 97-10.

  • The net present value of Basic Rent during the Lease Fixed Term discounted at the Lessee's incremental borrowing rate shall satisfy the 90% test for off-balance sheet treatment under FAS 13.

  • It is the further intent of the parties to this Agreement that this Agreement and the transaction evidenced by the Operative Agreements conform with and satisfy the requirements for operating lease transactions by the Lessee of, to the extent applicable, FAS 13, FASB Interpretation No. 46, Emerging Issues Task Force, 1997\Issue 97-1 and Emerging Issues Task Force, 1997\Issue 97-10.

  • Prior to Closing, TD shall cause the Business Subsidiaries to correct on their respective books and records the historical FAS 13 accounting with respect to rent holiday and schedule evaluation on operating leases of the Business Subsidiaries.

  • It is the further intent of the parties to this Agreement that this Agreement and the transaction evidenced by the Operative Agreements conform with and satisfy the requirements of, to the extent applicable, FAS 13, FASB Interpretation No. 46, Emerging Issues Task Force, 1997\Issue 97-1 and Emerging Issues Task Force, 1997\Issue 97-10.

  • The transactions described in the Operative Agreements are intended to comply fully with the requirements of FAS 13, FAS 98, EITF 90-15, EITF 96-21, EITF 97-1 and EITF 97-10.

  • The Basic Rent and the Termination Value have been calculated to provide Landlord with a certain after-tax rate of return, total after-tax return per dollar of equity invested and present value of after-tax lease income [as booked under FAS 13 (defined in Section 32), per dollar of equity invested] (hereinafter collectively called "Lessor's Anticipated Economics").

  • The present value of Basic Lease Rent payable during the Basic Lease Term under the Facility Lease (taking into account any rent adjustment through or contemplated on the Closing Date), together with all rent payable under the Facility Site Sublease and all Transaction Costs financed through the Facility Lease, discounted at the Discount Rate, shall satisfy the 90 percent test for operating lease treatment under FAS 13.