True Lease Equipment definition

True Lease Equipment means the Financed Equipment subject to an Either/or Lease that is properly characterized as a true lease, rather than a lease intended as security, within the meaning of Section 1-201(37) of the UCC.
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True Lease Equipment means the Equipment leased under the Leases that are treated as "true leases" for federal income tax purposes.
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True Lease Equipment means the Financed Equipment subject to a -------------------- True Lease.
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Examples of True Lease Equipment in a sentence

  • It is understood and agreed, however, that no filings will be made to perfect any security interest of the Issuer or the Indenture Trustee in the Seller's interests in True Lease Equipment.

  • Immediately prior to the transfers and assignments contemplated herein and in the NH Liquidity Receivables Purchase Agreement, NH Credit had good title to each NH Receivable and any True Lease Equipment related to such NH Receivable, free and clear of all Liens and, immediately upon the transfer thereof, CNHCR shall have good title to each NH Receivable and any True Lease Equipment, free and clear of all Liens; and the transfer and assignment of the NH Receivables to CNHCR has been perfected under the UCC.

  • It is understood and agreed, however, that no filings will be made to perfect any security interest of the Issuer or the Indenture Trustee in the Seller’s interests in True Lease Equipment.

  • It is the intention of Case Credit that the transfers and assignments contemplated herein and in the Case Liquidity Receivables Purchase Agreement constitute a sale of the Case Receivables from Case Credit to CNHCR and that the beneficial interest in and title to the Case Receivables and any True Lease Equipment related to such Case Receivables not be part of the debtor's estate in the event of the filing of a bankruptcy petition by or against Case Credit under any bankruptcy or similar law.

  • It is the intention of NH Credit that the transfers and assignments contemplated herein and in the NH Liquidity Receivables Purchase Agreement constitute a sale of the NH Receivables from NH Credit to CNHCR and that the beneficial interest in and title to the NH Receivables and any True Lease Equipment related to such NH Receivables not be part of the debtor's estate in the event of the filing of a bankruptcy petition by or against NH Credit under any bankruptcy or similar law.

  • It is the intention of the Originator that the transfers and assignments contemplated herein and in the Liquidity Receivables Purchase Agreement constitute a sale of the Receivables from the Originator to the Purchaser and that the beneficial interest in and title to the Receivables and any True Lease Equipment related to such Receivables not be part of the debtor's estate in the event of the filing of a bankruptcy petition by or against the Originator under any bankruptcy or similar law.

  • The parties to this Agreement intend that the transactions contemplated hereby shall be, and shall be treated as, a purchase by the Purchaser and a sale by the Originator of the Purchased Contracts and the Subsequent Receivables and any True Lease Equipment related to such Purchased Contracts or Subsequent Receivables, as the case may be, and not as a lending transaction.

  • The parties to this Agreement intend that the transactions contemplated hereby shall be, and shall be treated as, a purchase by CNHCR and a sale by Case Credit of the Case Purchased Contracts and the Subsequent Case Receivables and any True Lease Equipment related to such Case Purchased Contracts or Subsequent Case Receivables, as the case may be, and not as a lending transaction.

  • No Lease included in the Initial NH Receivables or the Subsequent NH Receivables is an Either/or Lease, and no Financed Equipment transferred to CNHCR on the Closing Date or any Subsequent Transfer Date, as the case may be, constitutes True Lease Equipment.

  • The parties to this Agreement intend that the transactions contemplated hereby shall be, and shall be treated as, a purchase by CNHCR and a sale by NH Credit of the NH Purchased Contracts and the Subsequent NH Receivables and any True Lease Equipment related to such NH Purchased Contracts or Subsequent NH Receivables, as the case may be, and not as a lending transaction.

Related to True Lease Equipment

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.

  • Movable equipment means a hand-held or non-hand-held machine or device, powered or unpowered, that is used to do work and is moved within or between work sites.

  • Fixed Equipment means any property affixed in any way to the Licensed Premises existing at the time Notice to Proceed is given, whose removal would damage the Licensed Premises.

  • Rental Equipment means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that:

  • Service Equipment means any equipment, Software, systems, cabling and facilities provided by or on behalf of Verizon and used to facilitate provision of the Services at a Customer Site. Ownership of the Service Equipment does not pass to Customer. Service Equipment does not include Verizon Facilities.

  • Farm equipment means equipment used directly for farming

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Real Estate Leases is defined in Section 4.7.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • CONSTRUCTION EQUIPMENT means all appliances and equipment of whatsoever nature for the use in or for the execution, completion operation or maintenance of the work unless intended to form part of permanent work.

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

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Existing Equipment means equipment, machines, devices or installations that are in operation prior to September 23, 1970.

  • Equipment Leases has the meaning set forth in Section 2.1.9.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • movable property means property of every description except immovable property;

  • 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.

  • 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.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • 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.