Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a 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 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

Note 14: Operating Lease CommitmentsntsntsThe offices occupied by the Authority are subject to three separate operating leases which expire on February 15, 2003.
The related future rental payments are in the table below.6. Operating Lease Obligations (Continued) The Bloomenshine Center, Arkansas City, KS is used for operating classes, a student lounge, administrative offices and related educational activities.
NOTE 22: CAPITAL AND LEASING COMMITMENTSConsolidated Group 20172016 $$Operating Lease Commitments Non-cancellable operating leases contracted for but not recognised in the financial statementsPayable – minimum lease payments:- not later than 12 months 51,395 43,307- between 12 months and three years 55,411 - 106,806 43,307 The properties leases are non-cancellable leases with two to three year terms.
Operating Lease ObligationsThe College leases certain facilities for its educational purposes.
Other than the Operating Lease, there are no Leases with respect to the Property.

More Definitions of Operating Lease

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.

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.

Operating Lease of any Person, shall mean any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any 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 any lease other than a Capital Lease.

Operating Lease means any operating lease, as defined in the Financial Accounting Standard Board Statement of Financial Accounting Standards No. 13, dated November, 1976 or otherwise in accordance with GAAP.

Operating Lease means any lease (other than a lease constituting a Capitalized Lease Obligation) of real or personal property.