Financial Lease definition

Financial Lease means any lease or hire purchase contract which would, under the Accounting Standards, be treated as a finance or capital lease;

Financial Lease means a financial lease as defined in paragraph 1 of Schedule I;

Financial Lease means a written agreement for the letting and hiring of capital goods to be used by the purchaser for the purposes of his trade, where the seller is—

Examples of Financial Lease in a sentence

• For any inconsistency between this Contract and the "Financial Lease Contract", this Contract shall prevail.

• Interest on Financial Leases and Other Leases shall be deemed to accrue at an interest rate reasonably determined by a Responsible Officer of the Canadian Borrower to be the rate of interest implicit in such Financial Lease or Other Lease, as applicable, in accordance with GAAP.

• Caterpillar Financial Lease; No listed, but lessor (lessee) Services Corporation (lessor) information suggests it is farm Equipment Lease.

• Indebtedness under the AEL Financial Lease Agreement, dated as of September 2008, in an aggregate principal amount outstanding on the date of the Agreement of approximately $21,000, and which is secured by the equipment financed with the proceeds thereof.

• According to the Financial Lease Contract, Lessee has rented, by way of finance leasing, the leased property under the Financial Lease Contract (the “Lease Property”) and, Lessee shall pay rents and accounts payable under the Financial Lease Contract to Lessor.

More Definitions of Financial Lease

Financial Lease means a lease of a tangible asset, other than a negotiable instrument or negotiable document, that is the object of a lease agreement, and includes a hire- purchase agreement, where—

Financial Lease means a lease of an asset providing the right of use of such asset, that has the economic characteristics of asset ownership, with a term of not less than 75% of the asset’s useful life, the present value of lease payments thereunder must be not less than 90% of the asset’s market value at the time of entering into the lease and the lessee must acquire, or have the right to acquire, ownership of the asset at the end of the lease term.

Financial Lease means a contract whereby a lessor leases specified movable property to a lessee at a specified rent over a specified period subject to a term of the contract that—

Financial Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a financial or capital lease;

Financial Lease means a financial lease contemplated in paragraph 1 of Schedule 4 to the Sales Tax Act, 1992 (Act 5 of 1992);

Financial Lease any lease or hire purchase contract which would, under the Accounting Principles, be treated as a finance or capital lease;

Financial Lease means an agreement between the lessor and the lessee as defined under section 4;