Definition of Operating Leases


Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.


Operating Leases 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 Capitalized Lease, other than any such lease under which such person is the lessor.

Operating Leases means any lease of property (whether real, personal or mixed) for a period of longer than one year by a Person under which such Person is lessee, other than a Capital Lease.

Examples of Operating Leases in a sentence

Operating Leases Operating lease payments made at regular intervals throughout the term are expensed when the payments are due, except where an alternative basis is more representative of the pattern of benefits to be derived from the leased property.
Operating Leases Where the Council grants an operating lease over a property or an item of plant or equipment, the asset is retained in the Balance Sheet.
Operating Leases The District has entered into various operating leases for buildings and equipment with lease terms in excess of one year.
Operating Leases Rentals paid under operating leases are charged to the Comprehensive Income and Expenditure Statement as an expense of the services benefitting from use of the leased property, plant or equipment.
Operating Leases Rentals paid under operating leases are charged to the Comprehensive Income and Expenditure Statement as an expense of the services benefiting from use of the leased property, plant or equipment.



More definitions of Operating Leases

Operating Leases means, with respect to any Person, all leases that have been or should be, in accordance with GAAP, recorded as operating leases in respect of which such Person is liable as lessee.


Operating Leases means (i) the Lease Agreement between ESA P Portfolio L.L.C., ESA P Portfolio MD Trust, ESH/TN Properties L.L.C. and ESA P Portfolio Lessee L.L.C. dated October 8, 2010, as amended April 9, 2012, November 30, 2012, December 13, 2012, April 15, 2013, November 11, 2013, July 28, 2014, December 8, 2015, and February 22, 2016, and amended and restated August 30, 2016; (ii) the Lease Agreement between ESA Canada Administrator L.L.C., ESA Canada Properties Trust and ESA Canada Operating Lessee Inc. dated October 8, 2010, as amended November 30, 2012, November 11, 2013, and February 22, 2016, and amended and restated August 30, 2016; (iii) the Lease Agreement between ESA UD Properties L.L.C. and ESA 2007 Operating Lessee Inc. dated October 8, 2010 and amended November 11, 2013 and February 22, 2016; and (iv) the Lease Agreement between ESA LVP Portfolio L.L.C. and ESA LVP Operating Lessee L.L.C. dated December 31, 2013.

Operating Leases means, individually or collectively as the context may require, those lease agreements more particularly described on Schedule VII attached hereto.

Operating Leases means, individually or collectively as the context may require, those lease agreements more particularly described on Schedule VII attached hereto together with the assignment of the Operating Lease for the CIGNA Boston Property identified on Schedule 3 of the Omnibus Assignment and the assignment of the Operating Lease for the CIGNA Nashville Property identified in writing by Borrower and Lender in connection with the closing of the MS NP Loan.

Operating Leases means collectively those leases of any Personal Property used by Tenant in connection with the operation of the Facilities.

Operating Leases means (i) the Lease Agreement between ESA P Portfolio L.L.C., ESA P Portfolio MD Trust, ESH/TN Properties L.L.C. and ESA P Portfolio Lessee Inc. dated October 8, 2010, as amended April 9, 2012, November 30, 2012, December 13, 2012 and April 15, 2013; (ii) the Lease Agreement between ESA Canada Administrator L.L.C., ESA Canada Properties Trust and ESA Canada Operating Lessee Inc. dated October 8, 2010, as amended November 30, 2012, and November 11, 2013; (iii) the Lease Agreement between ESA UD Properties L.L.C. and ESA 2007 Operating Lessee Inc. dated October 8, 2010 and amended November 11, 2013; and (iv) the Lease Agreement between ESA LVP Portfolio L.L.C. and ESA LVP Operating Lessee L.L.C. dated December 31, 2013.

Operating Leases means the Boca Raton Operating Lease, the Dana Point Operating Lease, the Charlotte Operating Lease, the Houston Operating Lease, the Mandalay Beach Operating Lease, the Myrtle Beach Operating Lease, the Nashville Operating Lease, the Philadelphia Operating Lease, the Pittsburgh Operating Lease, the Santa Barbara Operating Lease and the Santa Monica Operating Lease, and “Operating Lease” means any one of the Operating Leases.