Leasing Assets definition

Leasing 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: (i) all vehicles or equipment manufactured or refurbished by the Company or any of its Subsidiaries (and truck chassis, cement block boom trucks and similar vehicles or equipment manufactured or refurbished by third parties) and acquired by a Leasing Subsidiary in connection with such assets being contemporaneously leased to a third party; (ii) all leases and other contracts or agreements relating to the lease financing by a customer of vehicles or equipment manufactured or refurbished by the Company or any of its Subsidiaries; (iii) all accounts receivable and other obligations incurred by lessees in connection with the foregoing, no matter how evidenced; (iv) all rights to any vehicles or equipment subject to any of the foregoing after or in connection with creation of the foregoing, including, without limitation, returned or repossessed goods; (v) all reserves and credit balances with respect to any such lease contracts or agreements or lessees; (vi) all letters of credit, security or guarantees for any of the foregoing; (vii) all insurance policies or reports relating to any of the foregoing; and (viii) all books and records relating to any of the foregoing.
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Leasing Assets means, with respect to any Person, such Person's interests (1) in railcars, marine barges, surface transportation equipment and any accessions or other tangible assets related to the foregoing that are owned or leased by such Person in the ordinary course of business of such Person and (2) in the lease agreements entered into by such Person, as lessor, in the ordinary course of business.
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Leasing Assets means, with respect to any Person, such Person’s interests (a) in railcars, marine barges, surface transportation equipment and any accessions or other tangible assets related to the foregoing that are owned or leased by such Person in the ordinary course of business of such Person and (b) in the lease agreements entered into by such Person, as lessor, in the ordinary course of business.
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Examples of Leasing Assets in a sentence

  • Pursuant to which, (i) the Lessor agreed to purchase Leasing Assets from the Lessee, at a consideration of RMB1,000,000,000, and (ii) the Lessor agreed to lease back the Leasing Assets with a leasing principal of RMB1,000,000,000 to the Lessee.

  • Notwithstanding anything to the contrary in this Agreement, the transfer and assignment of the Specified Civeo Offshore Leasing Assets shall be made in accordance with Schedule 1.1A.

  • Meanwhile, the Lessor agreed to lease back the Leasing Assets to the Lessee.

  • Taking into account the total depreciation duration of the Leasing Assets is between 12 to 22 years and the leasing interest rate of such finance leasing, the Directors are of the view that the term of lease is fair and reasonable and in the interest of the Company and the Shareholders as a whole.

  • Transfer Consideration of RMB1,000,000,000 (equivalent to the leasing principal under the Finance Leasing Agreement as detailed below) is determined by both parties after arm’s length negotiation, and with reference to the unaudited net carrying value of Leasing Assets as at 30 November 2017 of approximately RMB1,001,147,351.96 (has been reflected in the consolidated financial statements of the Group), terms of the lease and other similar finance arrangements.

  • Under the Finance Leasing Agreement, the Lessor agreed to lease back the Leasing Assets to the Lessee, for a term of 8 years from the Commencement Date.

  • Oil States shall, and shall cause OSES to, as soon as reasonably practicable after the Distribution Date, assign, transfer, convey and deliver to Civeo or Civeo Offshore, and Civeo or Civeo Offshore shall accept from Oil States and OSES, all of Oil States’ and OSES’ respective right, title and interest in and to such Specified Civeo Offshore Leasing Assets.

  • Upon expiry of the term of lease, the Lessee has the right to buy back the Leasing Assets from the Lessor at a nominal value of RMB1.

  • Upon full settlement of the Transfer Consideration by the Lessor in accordance with the Finance Leasing Agreement, ownership of the Leasing Assets will be transferred to the Lessor.

  • Notwithstanding anything to the contrary in this Agreement, the transfer and assignment of the Specified General Marine Leasing Assets shall be made in accordance with Schedule 1.1D.


More Definitions of Leasing Assets

Leasing Assets. A total of 117 machines and equipment to be acquired by the Lessor and lease back to the Lessee under the Finance Leasing Agreement, mainly include certain machines and equipment used by the Lessee for drilling and downhole operations “Leasing Consideration” the total rent payable by the Lessee under the Finance Leasing Agreement “Lessee” Shengli Petroleum Engineering Company “Lessor” TSFL
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