Capital Lease. The term "CAPITAL LEASE" means a lease with respect to which the lessee's obligations thereunder should, in accordance with G.A.A.P., be capitalized and reflected as a liability on the balance sheet of the lessee.
Appears in 5 contracts
Sources: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Health Chem Corp), Secured Guaranty Agreement (Imtek Office Solutions Inc)
Capital Lease. The term "“CAPITAL LEASE" ” means a lease with respect to which the lessee's ’s obligations thereunder should, in accordance with G.A.A.P., be capitalized and reflected as a liability on the balance sheet of the lessee.
Appears in 3 contracts
Sources: Loan and Security Agreement (Avatech Solutions Inc), Credit Agreement (Dover Motorsports Inc), Loan and Security Agreement (Avatech Solutions Inc)
Capital Lease. The term "CAPITAL LEASE" LEASE means a lease with respect to which the lessee's obligations thereunder should, in accordance with G.A.A.P., be capitalized and reflected as a liability on the balance sheet of the lessee.
Appears in 1 contract