Operating Lease definition

Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

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Operating Lease means, as to any Person as determined in accordance with GAAP, any lease of property (whether real, personal or mixed) by such Person as lessee which is not a Capital Lease.

Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

Examples of Operating Lease in a sentence

• Except for the Site Lease, Operating Lease and Power Purchase Agreement, this Agreement merges and supersedes all prior negotiations, representations and agreements among the Parties.

• The New Operating Lease, the Original Rose Quarter Agreements as amended, and any additional documents implementing the Bridge Agreement, are collectively referred to as the “Definitive Documents.” The Parties further agree that, except where amended, replaced, or extended by mutual agreement, the terms of the Original Rose Quarter Agreements, will remain unchanged and in full force and effect for the duration of the Bridge Term.

• Upon such termination, the Site Lease and the Operating Lease will be terminated effective as of the date that the termination of this Agreement is effective.

More Definitions of Operating Lease

Operating Lease of a Person means any lease of Property (other than a Capital Lease) by such Person as lessee.

Operating Lease means, as applied to any Person, any lease of Property which is not a Capital Lease.

Operating Lease means any lease of (or other agreement conveying the right to use) any real or personal property by any Loan Party, as lessee, other than any Capital Lease.

Operating Lease means, as to any Person, as determined in accordance with GAAP, any lease of property (whether real, personal or mixed) by such Person as lessee which is not a Capital Lease.

Operating Lease means an operating lease determined in accordance with GAAP.

Operating Lease means, as applied to any Person, any lease (including leases that may be terminated by the lessee at any time) of any property (whether real, personal or mixed) that is not a Capital Lease in accordance with GAAP other than any such lease under which that Person is the lessor.

Operating Lease means any lease other than a Capitalized Lease.