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.