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

Examples of Financing Lease in a sentence

• If the Project is phased with separate sets of Development Leases and Financing Leases for each phase, an Event of Default under the Development Lease or Financing Lease for one phase shall not shall not be a cross default with respect to the Financing Lease for any other phase.

• During the term of a Financing Lease, the Company shall maintain commercial public liability insurance, on such terms and in such amounts as are reasonably acceptable to the YIDA, naming the City Entities as additional insured.

• The Company may, in connection with the execution and delivery of a mortgage, collaterally assign a Financing Lease to the Institutional Lender, if required, as additional security for such financing, provided that the execution and delivery of a mortgage will not give nor shall be deemed to give a lender any greater rights against the CDA or YIDA than those granted to the Company under the Financing Lease.

• If, as a consequence of a Financing Lease, a component of the Project is made exempt by law from the payment of real property taxes, then the Company shall make Full Tax Payments under the FTA for that property in accordance with the FTA.

• The Local Agency acknowledges that the State Treasurer, acting on behalf of the State Finance Committee, has consolidated this Local Agency Financing Lease with the Master Financing Lease pursuant to RCW 39.94.030(1)(a).

More Definitions of Financing Lease

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 to be capitalized on a balance sheet of the lessee in accordance with GAAP.

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; provided that for all purposes hereunder, the amount of Indebtedness under any Financing Lease shall be the capitalized amount thereof appearing on such balance sheet in accordance with GAAP.

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 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.