leasing contract definition
leasing contract means a leasing contract entered into by a company providing lease financing and which is approved as a tax incentive company under the First Schedule of the Income Tax Act 1995;
leasing contract means a financial leasing contract entered into by a company licenced under the Financial Leasing Act to provide financial leasing business;
leasing contract means each of the agreements evidencing the indebtedness of the related obligor(s), including, as applicable, schedules, supplements and amendments thereto, under which the Company, a Company Subsidiary or a third party from whom the Company or a Company Subsidiary acquired any such agreements or on behalf of whom the Company or any Company Subsidiary services any such agreement, as applicable, leases or finances specified equipment or other assets to an obligor. For all purposes of this Agreement, "Warehouse Line" means any line of credit, loan agreement or other credit facility (other than any Securitization Transaction) pursuant to which Leasing Contracts are financed. For all purposes of this Agreement, "Securitization Transaction" means any transaction, however named, between the Company, a Company Subsidiary or a Trust and any one or more purchasers or investors that provides for the monetization of a discrete pool or pools of Leasing Contracts through debt securities or ownership interests issued by a trust, corporation, partnership or other entity (including a Trust) that owns Leasing Contracts in connection with a Securitization Transaction for the benefit of the securities holders (a "Securitization Entity") supported or backed by Leasing Contracts that have been transferred to such Securitization Entity by the Company, a Company Subsidiary or a Trust.
More Definitions of leasing contract
leasing contract. Any agreement for lease or conditional sale of any property (other than real property) under which a Group Member is lessor or owner.