Lease Assets definition

Lease Assets means, with respect to any lease, all of the following property and interests in property whether now existing or existing in the future or hereafter acquired or arising: (a) all vehicles or equipment manufactured, refurbished or sold by the Company or any of its Subsidiaries (and truck chassis, cement block boom trucks and similar vehicles manufactured or refurbished by third parties) and acquired by a Leasing Subsidiary in connection with such assets being leased to a third party; (b) all leases and other contracts or agreements relating to the lease financing by a customer of vehicles or equipment manufactured, refurbished or sold by the Company or any of its Subsidiaries; (c) all accounts receivable and other obligations incurred by lessees in connection with the foregoing, no matter how evidenced; (d) all rights to any vehicles or equipment subject to any of the foregoing after or in connection with creation of the foregoing, including returned or repossessed goods; (e) all reserves and credit balances with respect to any such lease contracts or agreements or lessees; (f) all letters of credit, security or guarantees for any of the foregoing; (g) all insurance policies or reports relating to any of the foregoing; and (h) all books and records relating to any of the foregoing.
Lease Assets has the meaning set forth in Section 2.4(a).
Lease Assets. The meaning specified in the Lease Acquisition Agreement.

Examples of Lease Assets in a sentence

  • Buyer shall have been issued, or shall have received approval or assurance of approval of the transfer of (or permitted utilization of Seller’s existing Licenses and Permits under transition arrangements) all Licenses and Permits necessary to enable Buyer to own, operate, occupy and lease the Purchased Assets, Lease Assets, and operate the Hospital Operations.

  • Except as described on Schedule 3.18, no discharge or release of any Hazardous Material caused by Seller has occurred on or otherwise affects any property owned or operated by the Seller that is included within the Purchased Assets or Lease Assets which violates Environmental Requirements.

  • Note 1: Summary of Significant Accounting Policies (Continued) Lease Assets and ObligationsAs of May 1, 2018, the Organization adopted ASU No. 2016-02, Leases (Topic 842) for its existing leases and new leases entered into during the year ended April 30, 2019.

  • Such notice shall include copies of all insurance policies then in force relating to the Purchased Assets or Lease Assets covering such Material Casualty and, Seller’s initial good faith estimate of the cost to repair such damage or destruction (“Cost Estimate”).

  • Operating Lease Assets and Liabilities The Organization classifies leases as operating leases if they are not short-term leases (see below) or finance leases.


More Definitions of Lease Assets

Lease Assets. The right-of-use asset(s) represents a lessee’s license to hold, operate, or occupy a leased item over the term of the lease
Lease Assets means the Assets (as set out in Schedule 1 of the Lease Agreement), as such assets may be repaired, refurbished, upgraded or replaced from time to time as a result of:
Lease Assets means, in relation to a particular Series, the assets to be leased pursuant to and as set out in schedule 1 (Lease Assets) of the Supplemental Headlease Agreement for that Series, as such assets may be repaired, refurbished, upgraded or replaced from time to time;
Lease Assets. All right, title and interest in and to (a) the Lease Contracts, including the proceeds of the Lease Contracts and all payments received on or with respect to the Lease Contracts on or after the Cut-Off Date or any Acquisition Date, other than payments due on the Lease Contracts before the Cut-Off Date or Acquisition Date, (b) the Lease Contract Files, (c) the Company's rights and interests in the Equipment, (d) all rights and interests of the Company under each Insurance Policy related to the Lease Contracts and related Equipment and Insurance Proceeds, (e) the Servicing Charges with respect to the Lease Contracts and (f) all income and proceeds of the foregoing or relating thereto.
Lease Assets is defined in Section 1(a).
Lease Assets means the Lease Premises, Seller FF&E, and electronic medical record replacement.
Lease Assets certain assets held by Xxxxxxx Xx, the details of which are set out in the subsection headed “The Lease Assets” 10/12