FASB 13 definition

FASB 13 means the Statement of Financial Accounting Standards No. 13 (Accounting for Leases) as in effect on the date hereof.

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FASB 13 means the Statement of the Financial Accounting Standards Board No. 13, as amended and interpreted from time to time.

FASB 13 means Financial Accounting Standards Board Statement No.

Examples of FASB 13 in a sentence

• Schedule of Deferred Rent Concessions: Property Manager will calculate and provide supporting schedules for applicable FASB 13 adjustments on a lease-by-lease basis.

• The present value of Basic 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 Lease, discounted at the Discount Rate, shall satisfy the 90 percent test for operating lease classification under FASB 13.

• The Facility Lessee shall have received confirmation from Arthur Andersen LLP that the Facility Lease will be treated as an o▇▇▇▇▇▇n▇ ▇▇▇▇▇ under FASB 13 and FASB 98 for the purposes of GAAP.

• The Facility Lessee shall have received confirmation from Arthur Andersen LLP that the Facility Lease will be treated as an ▇▇▇▇▇▇i▇▇ ▇▇▇▇▇ under FASB 13 and FASB 98 for the purposes of GAAP.

• As more fully provided in Paragraph 2.10 of the Participation Agreement, Lessee and the Lessor Parties intend that the transaction evidenced by this Agreement and the other Operative Documents constitute an operating lease in accordance with FASB 13 for accounting purposes and a loan secured by the Property for all other purposes, including federal, state and local income tax purposes and commercial, real estate and bankruptcy law purposes.

• SFAS 145 RESCISSION OF FASB STATEMENTS 4, 44 AND 64, AMENDMENT OF FASB 13, AND TECHNICAL CORRECTIONS In April 2002, the FASB issued SFAS 145, "Rescission of FASB Statements 4, 44 and 64, Amendment of FASB 13, and Technical Corrections".

• Lessee and the Lessor Parties intend that the transactions evidenced by this Agreement and the other Operative Documents constitute operating leases pursuant to FASB 13 for accounting purposes and loans secured by the Property for other purposes, including federal, state and local income tax purposes and commercial, real estate and bankruptcy law purposes.

• Landlord acknowledges and understands that it is Tenant's intent that this Lease comply with Rule 13 of the Financial Accounting Standards Board ("FASB 13") in order to permit Tenant, for accounting purposes, to treat this Lease as an operating lease.

• For purposes of the Balance Sheet, all vehicles subject to leases, whether or not any such lease would qualify under FASB 13 for treatment as a sales type lease, will be characterized and reflected as a sales type lease and Lease Contracts Receivables.

• Lessee and the Funding Parties -------------------------- intend that the transactions evidenced by this Agreement and the other Operative Documents constitute an operating leases pursuant to FASB 13 for accounting purposes and loans secured by the Leased Property for all other purposes, including federal, state and local income tax purposes and commercial, real estate and bankruptcy law purposes.

More Definitions of FASB 13

FASB 13 means the Financial Accounting Standards Board (FASB) Statement of Financial Accounting Standards No. 13, Accounting for Leases, as amended, which outlines the required accounting procedures for accounting for leases by a lessor and is incorporated by reference. Other statements by the FASB, which are incorporated by reference, concerning leasing shall similarly be referred to by number such as "FASB 17" which defines initial direct costs of a lessor.

FASB 13 means Financial Accounting Standards Board Statement No. 13 (accounting for leases), paragraph 19(b).

FASB 13 means FASB's Statement of Financial Accounting Standards No. 13, "Accounting for Leases" (November 1976), as amended or interpreted by FASB's Statement of Financial Accounting Standards No. 17, "Accounting for Leases - Initial Direct Costs" (November 1977); FASB's Statement of Financial Accounting Standards No. 22, "Changes in the Provisions of Lease Agreements Resulting from Refundings of Tax-Exempt Debt" (June 1978); FASB's Statement of Financial Accounting Standards No. 23, "Inception of the Lease" (August 1978); FASB Interpretation No. 19, "Lessee Guarantee of the Residual Value of Leased Property" (October 1977); and FASB Interpretation No. 21, "Accounting for Leases in a Business Combination" (April 1978);