Finance Lease Liabilities definition

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Finance Lease Liabilities means, as applied to any Person, all obligations under Finance Leases of such Person or any of its subsidiaries, in each case taken at the amount thereof accounted for as liabilities in accordance with GAAP.

Examples of Finance Lease Liabilities in a sentence

By: Name: Title: U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION AS TRUSTEE, CALCULATION AGENT AND COLLATERAL AGENT By: Authorized Signatory OBLIGOR(S) CREDITOR DESCRIPTION OF INDEBTEDNESS COLLATERAL; GUARANTY PRINCIPAL AMOUNT U.S. Well Services, LLC Equify Financial, LLC Equify Note, dated as of July 18, 2022 Equipment $20.0 million U.S. Well Services, LLC Enterprise Fleet Management Finance Lease Liabilities Light duty fleet vehicles $12.2 million U.S. Well Services, LLC PACCAR Financial Corp.

More Definitions of Finance Lease Liabilities

Finance Lease Liabilities means, as applied to any Person, all obligations under Finance Leases of such Person or any of its Subsidiaries, in each case taken at the amount thereof accounted for as liabilities in accordance with GAAP. “Finance Leases” means all leases that have been or should be, in accordance with GAAP, recorded as finance leases. “Financial Officer” means the chief executive officer, the chief financial officer, the treasurer or the assistant treasurer of the Borrower. “Floor” means the Benchmark rate Floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Term SOFR Rate or the Adjusted Daily Simple SOFR, as applicable. For the avoidance of doubt, the initial Floor for each of the Adjusted Term SOFR Rate or the Adjusted Daily Simple SOFR shall be 0.00%. “Foreign Lender” means any Lender that is not a U.S. Person. “Foreign Plan” means any employee benefit plan, program, policy, arrangement or agreement maintained or contributed to by the Borrower or any of its Subsidiaries with respect to employees employed outside the United States. “Fund” means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. “funding obligation” has the meaning specified in the definition of “Defaulting Lender.” “GAAP” means generally accepted accounting principles in the United States of America that are applicable to the circumstances as of the date of determination, consistently applied. “Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state, local or otherwise, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). “Hazardous Materials” means (a) petroleum and petroleum products, byproducts or breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic or as a polluta...

Finance Lease Liabilities are subject to Section 1.3(b). “Fiscal Quarter” shall mean any fiscal quarter of the Borrower. “Fiscal Year” shall mean any fiscal year of the Borrower. “Floor” shall mean a rate of interest equal to 0.50% per annum. “Foreign Lender” shall mean (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. “Foreign Subsidiary” shall mean any Restricted Subsidiary that is not a Domestic Subsidiary. “GAAP” shall mean generally accepted accounting principles in the United States applied on a consistent basis and subject to the terms of Section 1.3. “Governmental Authority” shall mean the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

Finance Lease Liabilities means any and all liabilities of the Group, actual or contingent, known or unknown, present or future, in respect of finance and other capital leases (but for the avoidance of doubt excluding leases relating to the occupation of land and/or buildings) to which the Group is a party at the Completion Date, including those specified in the 103 list of finance and capital leases, a copy of which has been signed by and on behalf of the Parties to this Agreement and is annexed as Appendix "D";

Finance Lease Liabilities of any Person shall mean all obligations of such Person to pay rent or other amounts under any lease (or other arrangement conveying the right to use) of real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as finance leases on a balance sheet of such Person, and the amount of such obligations shall be the capitalized amount thereof. For the avoidance of doubt, “Finance Lease Liabilities” are subject to Section 1.3(b). “Fiscal Quarter” shall mean any fiscal quarter of the Borrower. “Fiscal Year” shall mean any fiscal year of the Borrower. “Floor” shall mean a rate of interest equal to 0.50% per annum. “Foreign Lender” shall mean (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. “Foreign Subsidiary” shall mean any Restricted Subsidiary that is not a Domestic Subsidiary. “GAAP” shall mean generally accepted accounting principles in the United States applied on a consistent basis and subject to the terms of Section 1.3. “Governmental Authority” shall mean the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

Finance Lease Liabilities means liabilities defined in accordance with the accounting standards that the splitting municipality or affected district municipality is by legislation required to apply in preparing annual financial statements, which are owed by that splitting municipality or the affected district municipality;