TRAC Leases definition

TRAC Leases means leases of the Borrower or its Subsidiaries for Rolling Stock, motorized equipment and aircraft, which contain a terminal rental adjustment clause for the adjustment of lease payments upon its termination.
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TRAC Leases means leases of tractors, trailers, containers, chassis and/or other similar transportation equipment for which the rental obligations of the lessee thereunder constitute Capitalized Lease Obligations of such lessee.
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TRAC Leases means the TRAC leases which relate to the TRAC Leased Transportation Equipment, pursuant to which a Seller is lessee, all of such TRAC Leases as of the date hereof being listed and described on Exhibit A-3 hereto.
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Examples of TRAC Leases in a sentence

  • International migration remains a politically sensitive subject-matter and there is a lack of consensus to address this issue at the international level.

  • Split TRAC Leases: Learn how to price a TRAC & Split TRAC lease and understand the effects on lease classification.

  • The Participating Financial Institution must notify the Authority whenever the material terms of an enrolled loan change prior to maturity, including TRAC Leases assumptions, by submitting a Change in Terms notification occurs on a currently enrolled loan prior to maturity, within fifteen (15) business days after such change.

  • TRAC Leases in which the financing company leases the vehicle to the individual or entity for a term certain with fixed charges.

  • Lease Agreements that do not include a Business Use Certification are not TRAC Leases and are not addressed in this ruling request.

  • A Member State of the Union may retain unchanged its national currency equivalent of an amount expressed in eifu, raot the time of the annual adjustment provided for in paragraph 3, the conversion of that amount, prior to any rounding-off, results in an increase of less than 15 per cent in the national currency equivalent.

  • We can provide loans, fair market value leases, TRAC or Split TRAC Leases, Capital Leases.

  • The Participating Financial Institution must notify the Authority whenever the material terms ofan enrolled loan change prior to maturity, including TRAC Leases assumptions, by submitting a Change in Terms notification within fifteen (15) business days after such change.

  • The additional fees associated with Chrysler Capital Commercial TRAC Leases are hard coded in section 16 of the Chrysler Capital Commercial TRAC Lease Agreement.


More Definitions of TRAC Leases

TRAC Leases means any lease agreements with respect to motor vehicles leased from time to time by Borrower (or an Affiliate thereof), as lessee, and Lender (or an Affiliate of Lender), as lessor.
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Related to TRAC 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.

  • Synthetic Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease.

  • Leases means all present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, or any portion of the Mortgaged Property (including proprietary leases or occupancy agreements if Borrower is a cooperative housing corporation), and all modifications, extensions or renewals.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Subject Leases means, for any Asset Review, all 20[•]-[•] Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Finance Leases means any finance leases, to the extent the arrangement is or would have been treated as a finance or a capital lease in accordance with the Accounting Principles applicable on the First Issue Date (a lease which in the accounts of the Group is treated as an asset and a corresponding liability), and for the avoidance of doubt, any leases treated as operating leases under the Accounting Principles as applicable on the First Issue Date shall not, regardless of any subsequent changes or amendments of the Accounting Principles, be considered as a finance lease.

  • Capital Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Capitalized Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

  • Real Property Leases has the meaning set forth in Section 4.7(b).

  • Sale and Lease-Back Transaction shall have the meaning assigned to such term in Section 6.03.

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • FF&E Leases means all leases of any FF&E and other contracts permitting the use of any FF&E at the Improvements that are assumed by Buyer.

  • Other Leases means, collectively, the Lease Agreements between Landlord, or an Affiliate of Landlord, and Tenant with respect to the properties described on Exhibit B, but excluding any Lease Agreements terminated pursuant to their terms or by mutual agreement of the parties.

  • 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.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Material Leases has the meaning set forth in Section 4.21.

  • Consolidated Lease Expense for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries for such period with respect to leases of real and personal property, determined on a consolidated basis in accordance with GAAP.