Financial Lease means any lease or hire purchase contract which would, under the Accounting Standards, be treated as a finance or capital lease;
Financial Lease means a financial lease as defined in paragraph 1 of Schedule I;
Financial Lease means a written agreement for the letting and hiring of capital goods to be used by the purchaser for the purposes of his trade, where the seller is—
More Definitions of Financial Lease
Financial Lease means a lease of a tangible asset, other than a negotiable instrument or negotiable document, that is the object of a lease agreement, and includes a hire- purchase agreement, where—
Financial Lease means a lease of an asset providing the right of use of such asset, that has the economic characteristics of asset ownership, with a term of not less than 75% of the asset’s useful life, the present value of lease payments thereunder must be not less than 90% of the asset’s market value at the time of entering into the lease and the lessee must acquire, or have the right to acquire, ownership of the asset at the end of the lease term.
Financial Lease means a contract whereby a lessor leases specified movable property to a lessee at a specified rent over a specified period subject to a term of the contract that—
Financial Lease means a financial lease contemplated in paragraph 1 of Schedule 4 to the Sales Tax Act, 1992 (Act 5 of 1992);
Financial Lease any lease or hire purchase contract which would, under the Accounting Principles, be treated as a finance or capital lease;
Financial Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a financial or capital lease;
Financial Lease means any lease of Property, or any similar arrangement which would, in accordance with GAAP, be required to be classified and accounted for as a capital lease on a balance sheet of a lessee, where the lessee is the Borrower or a Subsidiary of the Borrower, but for certainty does not include an Operating Lease or a premises lease, in each case entered into in the ordinary course of business (and, for certainty, no Sale/Leaseback shall be considered to be entered into in the ordinary course of business);