Financing Lease definition

Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

Financing Lease means any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

Financing Lease. (a) any lease of property, real or personal, the obligations under which are capitalized on a consolidated balance sheet of the Company and its consolidated Subsidiaries and (b) any other such lease to the extent that the then present value of any rental commitment thereunder should, in accordance with GAAP, be capitalized on a balance sheet of the lessee.

Examples of Financing Lease in a sentence

• The Authority will lease the Leased Premises to the City pursuant to the Financing Lease.

• In the event the City makes all of the rental payments provided for in the Financing Lease, this Lease shall be considered assigned to the City and shall be terminated through merger of the leasehold interest with the fee simple interest.

• Contemporaneously with the execution of this Lease, the Authority and the City shall execute the Financing Lease whereby the Authority will lease back to the City, and the City will lease from the Authority, the Leased Premises in accordance with the terms thereof and the City will undertake to make the rental payments thereunder, subject to appropriation as provided in the Financing Lease.

• All terms defined in the Financing Lease shall have the same meaning when used herein, unless the context requires otherwise.

• The Financing Lease contains provisions which govern maintenance, payment of taxes, insurance, damage and destruction and includes the option of the City, upon payment of the purchase price or upon completion of all rental payments required thereunder, to purchase the Authority's interest in the Leased Premises.

More Definitions of Financing Lease

Financing Lease means any lease of property, real or personal, the obligations of the lessee in respect of which are required to be capitalized on a balance sheet of the lessee in accordance with generally accepted accounting principles as in effect in the United States.

Financing Lease any lease of property, real or personal, if the then present value of the minimum rental commitment thereunder should, in accordance with GAAP, be capitalized on a balance sheet of the lessee.

Financing Lease means any lease of property, real or personal, the --------------- obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

Financing 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.

Financing Lease means the Master Lease as supplemented by Annex B to the Master Lease.

Financing Lease means any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee or to be otherwise disclosed as such in a note to such balance sheet.

Financing Lease means (i) any lease of property, real or personal, the obligations under which are capitalized on a consolidated balance sheet of the Company and its Restricted Subsidiaries and (ii) any other such lease to the extent that the then present value of the minimum rental commitment thereunder should, in accordance with GAAP, be capitalized on a balance sheet of the lessee.