Examples of Synthetic Leases in a sentence
With respect to BGI and its Subsidiaries, the sum, without duplication, of (a) the aggregate amount of Indebtedness of BGI and its Subsidiaries, on a consolidated basis, outstanding on such date for borrowed money or the deferred purchase price of property including, without limitation, in respect of any Synthetic Leases or any Capitalized Leases, plus (b) Indebtedness of the type referred to in clause (a) of another Person (not including BGI or its Subsidiaries) guaranteed by BGI or its Subsidiaries.
One might reflect over what the situation might have been had the test pile not been restruck to the higher capacity or if any other pile had been selected for static testing.For one pile, the factor of safety was smaller than 1.5. Generally, such a low value would raise serious concern if found in a static loading test on a pile chosen at random.
All obligations of the Borrower or any of its Subsidiaries under any rental agreements or leases of real or personal property, other than (a) obligations that can be terminated by the giving of notice without liability to the Borrower or such Subsidiary in excess of the liability for rent due as of the date on which such notice is given and under which no penalty or premium is paid as a result of any such termination, and (b) obligations in respect of any Capitalized Leases or any Synthetic Leases.
Off-balance Sheet Corporate Finance With Synthetic Leases: Shortcomings And How To Avoid Them With Synthetic Debt .
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