Operating Lease Expense definition

Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

Operating Lease Expense means the sum of all payments and expenses incurred by the lessee under any operating leases with respect to one or more of the Premises and the business operations thereon during the period of determination, as determined in accordance with GAAP.

Operating Lease Expense means the lease payments incurred by Lessee under any operating leases with respect to one or more of the FCCR Properties (including this Lease) and the business operations thereon during the period of determination, as determined in accordance with GAAP.

Examples of Operating Lease Expense in a sentence

• Future minimum lease payments and operating lease expense are as follows:Operating CapitalLeases Leases($ in millions) 2009$ 142$ 66201012928201194262012791720137032014 and subsequent years 359 5 Total$ 873 $ 145Less imputed interest on capital leases at an average rate of 5.3% (6) Present value of minimum lease payments included in debt $ 139 Operating Lease Expense 2008 Contingent rents are primarily comprised of usage-based rent paid to other railroads for joint facility operations.

• For purposes of this Lease, the term "Aggregate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time ending on the date of calculation, the ratio calculated for such period of time of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, less a corporate overhead allocation in an amount equal to 4% of Aggregate Gross Sales, to (b) the sum of the Operating Lease Expense and the Equipment Payment Amount.

• Operating Lease Expense In thousands of GHS2016The Bank The Group 2015The Bank The Group Rent6,8707,9814,9756,066 15.

• Operating Lease Expense Payments made under operating leases are recognised in the Consolidated Income Statement on a straight-line basis over the term of the lease.

• Operating Lease Expense Operating lease expense increased by 14.9% to $32.3 million and by 16.2% to $63.5 million for the three and six months ended June 30, 2018, respectively, compared to the same periods in 2017.

More Definitions of Operating Lease Expense

Operating Lease Expense has the meaning set forth in Section 7.B.

Operating Lease Expense means the expenses incurred by Debtor under any operating leases with respect to one or more of the Premises and the business operations thereon during the period of determination, as determined in accordance with GAAP. Notwithstanding the foregoing, FFCA may elect at any time to amend the Fixed Charge Coverage Ratio requirements set forth herein so that Debtor shall be required to maintain an aggregate Fixed Charge Coverage Ratio, as determined on the last day of Debtor's fiscal year, of at least 1.25:1 for all of the Premises and Other Premises corresponding to the Loans and the Other Loans which are included in any Securitized Loan Pool. If such election is made, Debtor shall also be required to maintain an aggregate Fixed Charge Coverage Ratio, as determined on the last day of Debtor's fiscal year, of at least 1.25:1 for all of the Premises which are not included in a Securitized Loan Pool. To the extent that such election is made, the definitions relating to the Fixed Charge Coverage Ratio shall be deemed to be modified as applicable to provide for the calculation of the aggregate Fixed Charge Coverage Ratio for all of the Premises and Other Premises corresponding to each Securitized Loan Pool and all of the Premises which are not included in a Securitized Loan Pool. Notwithstanding the foregoing, FFCA agrees that at the time of any Securitization, the Loans included in the corresponding Securitized Loan Pool will not have an aggregate Fixed Charge Coverage Ratio which is materially different than the lesser of the aggregate Fixed Charge Coverage Ratio with respect to the Premises corresponding to the Loans, if applicable, which are not included in such Securitized Loan Pool as of the Closing Date and the date of such Securitization; provided further that, to the extent FFCA is unable to include any Loan in such Securitized Loan Pool because of any problem relating to the corresponding Premises which is beyond the control of FFCA, then such Loan, if applicable, shall not be taken into account for purposes of comparing the aggregate Fixed Charge Coverage Ratio for the Premises corresponding to the Loans, if applicable, which are included in such Securitized Loan Pool against the aggregate Fixed Charge Coverage Ratio for the Premises corresponding to the Loans, if applicable, which are not included in such Securitized Loan Pool.

Operating Lease Expense means the sum of all payments and expenses incurred by Guarantor and Parent under any operating leases during the applicable 12 Month Period, as determined in accordance with GAAP.

Operating Lease Expense means the sum of all payments and expenses incurred by Borrower and the other Borrower Parties, collectively, under any operating leases during the period of determination, as determined in accordance with GAAP.

Operating Lease Expense means all operating lease expenses of US Borrower and the Subsidiaries.

Operating Lease Expense means the expenses incurred by Debtor under any operating leases with respect to of the applicable Premises and/or the business operations thereon during the period of determination in accordance with generally accepted accounting principles consistently applied.

Operating Lease Expense means payments under any leases other than Capital Leases.