Common use of Capitalized Leases Clause in Contracts

Capitalized Leases. Leases under which the Borrower or any of its Subsidiaries is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. CERCLA. See Section 9.18(a).

Appears in 2 contracts

Samples: Subordinated Loan Agreement (Cyalume Technologies Holdings, Inc.), Revolving Credit and Term Loan Agreement (Cyalume Technologies Holdings, Inc.)

AutoNDA by SimpleDocs

Capitalized Leases. Leases under which the Borrower or any of its ------------------ Subsidiaries is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. CERCLA. See Section 9.18(a).(S)5.18. ------

Appears in 2 contracts

Samples: Revolving Credit Agreement (New England Business Service Inc), Revolving Credit Agreement (New England Business Service Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!