Common use of Capitalized Lease Obligations Clause in Contracts

Capitalized Lease Obligations. Any Indebtedness represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP, consistently applied but excluding lease obligations which would be classified as operating lease obligations in accordance with GAAP as in effect on the date hereof.

Appears in 4 contracts

Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (JetPay Corp)

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Capitalized Lease Obligations. Any any Indebtedness represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP, consistently applied but excluding lease obligations which would be classified as operating lease obligations in accordance with GAAP as in effect on the date hereofapplied.

Appears in 2 contracts

Samples: Loan Agreement (Regional Health Properties, Inc), Term Loan and Security Agreement (Global Medical REIT Inc.)

Capitalized Lease Obligations. Any Indebtedness represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP, consistently applied applied, but excluding lease obligations which that would be classified as operating lease obligations in accordance with GAAP as in effect on the date hereofClosing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amerinac Holding Corp.), Loan and Security Agreement (Amerinac Holding Corp.)

Capitalized Lease Obligations. Any Indebtedness represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP, consistently applied but excluding lease obligations which would be classified as operating lease obligations in accordance with GAAP as in effect on the date hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)

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Capitalized Lease Obligations. Any Indebtedness represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP, consistently applied but excluding lease obligations which would be classified as operating lease obligations in accordance with GAAP as in effect on the date hereofapplied.

Appears in 1 contract

Samples: Loan and Security Agreement (Fly-E Group, Inc.)

Capitalized Lease Obligations. Any Indebtedness represented by obligations under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP, consistently applied but excluding lease obligations which would be classified as operating lease obligations in accordance with GAAP as in effect on the date hereof.applied. ​ Cash Collateral Account - Section 2.4(b). ​

Appears in 1 contract

Samples: Loan and Security Agreement (Western Acquisition Ventures Corp.)

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