Operating Leases definition

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 operating leases, as defined in accordance with GAAP.

Operating Leases means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

Examples of Operating Leases in a sentence

• 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 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 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 are essentially long term obligations and should be included in Fixed obligations.

• IFRS 16 Leases, replaces existing leases guidance, including IAS 17 Leases, IFRIC 4 Determining whether an Arrangement contains a Lease, SIC - 15 Operating Leases and SIC - 27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease.

More Definitions of Operating Leases

Operating Leases means leases that are not Capital Leases.

Operating Leases means, as applied to any person, any lease (including leases that may be terminated by the lessee at any time) by such person of any property (whether real, personal or mixed) that is not required to be classified and accounted for as a capital lease on such person's balance sheet in accordance with GAAP, other than any such lease under which such person is the lessor.

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 all leases of property (whether real, personal or mixed) other than Capital Leases.

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.

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 (or other agreement conveying the right to use) any real or personal property by the Borrower or any Restricted Subsidiary, as lessee, other than any Capital Lease.