{"component": "clause", "props": {"groups": [{"size": 13, "snippet_links": [{"key": "similar-to", "type": "definition", "offset": [10, 20]}, {"key": "purchase-agreements", "type": "definition", "offset": [26, 45]}, {"key": "the-lessee", "type": "clause", "offset": [47, 57]}, {"key": "the-equipment", "type": "definition", "offset": [81, 94]}, {"key": "at-the-end-of-the-lease", "type": "clause", "offset": [211, 234]}, {"key": "the-property", "type": "clause", "offset": [257, 269]}, {"key": "costs-of", "type": "clause", "offset": [289, 297]}, {"key": "leasing-equipment", "type": "clause", "offset": [298, 315]}, {"key": "finance-lease", "type": "definition", "offset": [324, 337]}, {"key": "not-eligible", "type": "definition", "offset": [342, 354]}, {"key": "fixed-asset", "type": "definition", "offset": [403, 414]}, {"key": "the-organisation", "type": "clause", "offset": [468, 484]}, {"key": "accounting-policy", "type": "clause", "offset": [487, 504]}], "snippet": "These are similar to hire purchase agreements. The lessee (the person who leases the equipment from someone else) is responsible not just for maintaining the equipment but also for insurance, repairs and so on. At the end of the lease the equipment becomes the property of the lessee. The costs of leasing equipment under a finance lease are not eligible. Rather, the item leased should be treated as a fixed asset and depreciated (the loss in its value) in line with the organisation\u2019s accounting policy.", "samples": [{"hash": "g06MMP0Ktdl", "uri": "/contracts/g06MMP0Ktdl#finance-leases", "label": "Grant Agreement", "score": 26.1704312115, "published": true}, {"hash": "92IsmPNohyU", "uri": "/contracts/92IsmPNohyU#finance-leases", "label": "Grant Agreement", "score": 26.1704312115, "published": true}, {"hash": "90lsPBIYhbR", "uri": "/contracts/90lsPBIYhbR#finance-leases", "label": "Grant Agreement", "score": 22.6331279945, "published": true}], "hash": "1e007d71b537525bff45c65addd66af2", "id": 1}, {"size": 2, "snippet_links": [{"key": "the-company", "type": "definition", "offset": [0, 11]}, {"key": "the-provisions-of", "type": "clause", "offset": [51, 68]}, {"key": "schedule-12", "type": "definition", "offset": [69, 80]}, {"key": "the-fa", "type": "clause", "offset": [84, 90]}], "snippet": "The Company is not a lessee under a lease to which the provisions of Schedule 12 to the FA 1997 apply or could apply.", "samples": [{"hash": "2onFVN0NtV1", "uri": "/contracts/2onFVN0NtV1#finance-leases", "label": "Share Purchase Agreement (Phone Com Inc)", "score": 18.0, "published": true}, {"hash": "1jeQxhCAnNZ", "uri": "/contracts/1jeQxhCAnNZ#finance-leases", "label": "Share Purchase Agreement (Phone Com Inc)", "score": 18.0, "published": true}], "hash": "d4821b7248dc7ec84b5de93ce2605de3", "id": 2}, {"size": 2, "snippet_links": [{"key": "to-the-buyer", "type": "clause", "offset": [34, 46]}, {"key": "copies-of-all", "type": "clause", "offset": [47, 60]}, {"key": "trial-balance", "type": "definition", "offset": [160, 173]}, {"key": "february-28", "type": "definition", "offset": [244, 255]}, {"key": "title-to", "type": "clause", "offset": [267, 275]}, {"key": "free-of-liens", "type": "clause", "offset": [345, 358]}, {"key": "created-by", "type": "definition", "offset": [383, 393]}, {"key": "assignment-of-the", "type": "clause", "offset": [437, 454]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [483, 509]}, {"key": "lease-assignment", "type": "clause", "offset": [529, 545]}, {"key": "to-buyer", "type": "definition", "offset": [575, 583]}, {"key": "lease-equipment", "type": "clause", "offset": [679, 694]}, {"key": "owned-by", "type": "definition", "offset": [698, 706]}, {"key": "free-and-clear", "type": "clause", "offset": [718, 732]}, {"key": "rights-of-the-lessee", "type": "clause", "offset": [786, 806]}, {"key": "the-applicable", "type": "clause", "offset": [819, 833]}, {"key": "perfected-security-interests", "type": "clause", "offset": [863, 891]}, {"key": "such-rights", "type": "definition", "offset": [933, 944]}, {"key": "financing-statement", "type": "definition", "offset": [1097, 1116]}, {"key": "entity-or-entities", "type": "definition", "offset": [1151, 1169]}, {"key": "any-other-person", "type": "definition", "offset": [1360, 1376]}, {"key": "amounts-due", "type": "definition", "offset": [1447, 1458]}, {"key": "other-collateral", "type": "clause", "offset": [1531, 1547]}, {"key": "payments-due", "type": "clause", "offset": [1586, 1598]}, {"key": "to-the-seller", "type": "definition", "offset": [1661, 1674]}, {"key": "at-the-time", "type": "clause", "offset": [1675, 1686]}, {"key": "in-the-contract", "type": "clause", "offset": [1716, 1731]}, {"key": "right-of-rescission", "type": "definition", "offset": [1809, 1828]}, {"key": "the-buyer-will", "type": "clause", "offset": [1859, 1873]}, {"key": "at-the-closing", "type": "definition", "offset": [1886, 1900]}, {"key": "chattel-paper", "type": "definition", "offset": [1933, 1946]}, {"key": "financing-agreement", "type": "definition", "offset": [1970, 1989]}, {"key": "multiple-originals", "type": "clause", "offset": [2050, 2068]}, {"key": "any-lease", "type": "definition", "offset": [2072, 2081]}, {"key": "master-lease", "type": "definition", "offset": [2083, 2095]}, {"key": "lease-schedule", "type": "definition", "offset": [2104, 2118]}, {"key": "executed-by", "type": "clause", "offset": [2192, 2203]}, {"key": "other-lessor", "type": "definition", "offset": [2218, 2230]}, {"key": "secured-party", "type": "clause", "offset": [2234, 2247]}, {"key": "having-been", "type": "clause", "offset": [2260, 2271]}, {"key": "make-available", "type": "definition", "offset": [2364, 2378]}, {"key": "executed-originals", "type": "clause", "offset": [2396, 2414]}, {"key": "to-the-extent", "type": "clause", "offset": [2416, 2429]}, {"key": "all-other-documents", "type": "clause", "offset": [2444, 2463]}, {"key": "agreement-between", "type": "clause", "offset": [2515, 2532]}, {"key": "the-seller-and-the", "type": "clause", "offset": [2533, 2551]}, {"key": "related-to", "type": "clause", "offset": [2571, 2581]}, {"key": "contained-in", "type": "definition", "offset": [2645, 2657]}, {"key": "turn-over", "type": "definition", "offset": [2789, 2798]}, {"key": "payment-owed", "type": "clause", "offset": [2854, 2866]}, {"key": "days-or-more", "type": "clause", "offset": [2923, 2935]}, {"key": "no-default-or-event", "type": "clause", "offset": [2987, 3006]}, {"key": "failure-to-pay", "type": "definition", "offset": [3021, 3035]}, {"key": "giving-of-notice", "type": "clause", "offset": [3052, 3068]}, {"key": "lapse-of-time", "type": "clause", "offset": [3072, 3085]}, {"key": "an-event-of-default", "type": "clause", "offset": [3116, 3135]}, {"key": "in-addition", "type": "clause", "offset": [3137, 3148]}, {"key": "knowledge-of-the-seller", "type": "definition", "offset": [3206, 3229]}, {"key": "bankruptcy-protection", "type": "clause", "offset": [3259, 3280]}, {"key": "no-party", "type": "clause", "offset": [3289, 3297]}, {"key": "the-relevant", "type": "clause", "offset": [3436, 3448]}, {"key": "subject-to", "type": "definition", "offset": [3520, 3530]}, {"key": "registration-laws", "type": "definition", "offset": [3537, 3554]}, {"key": "in-accordance-with", "type": "definition", "offset": [3606, 3624]}, {"key": "the-laws", "type": "definition", "offset": [3625, 3633]}, {"key": "the-state", "type": "clause", "offset": [3637, 3646]}, {"key": "with-respect-to", "type": "clause", "offset": [3698, 3713]}, {"key": "mobile-equipment", "type": "clause", "offset": [3714, 3730]}, {"key": "the-seller-is", "type": "clause", "offset": [3773, 3786]}, {"key": "title-and-registration", "type": "clause", "offset": [3801, 3823]}, {"key": "registered-owner", "type": "definition", "offset": [3831, 3847]}, {"key": "in-the-case", "type": "clause", "offset": [3852, 3863]}, {"key": "first-priority", "type": "definition", "offset": [3926, 3940]}, {"key": "qualified-to-do-business", "type": "clause", "offset": [3977, 4001]}, {"key": "foreign-business-entity", "type": "definition", "offset": [4007, 4030]}, {"key": "effect-on-the", "type": "clause", "offset": [4119, 4132]}, {"key": "ability-to", "type": "definition", "offset": [4141, 4151]}, {"key": "full-force-and-effect", "type": "definition", "offset": [4236, 4257]}, {"key": "qualifications-required", "type": "clause", "offset": [4289, 4312]}, {"key": "in-connection-with", "type": "clause", "offset": [4313, 4331]}, {"key": "enforcement-of", "type": "clause", "offset": [4362, 4376]}, {"key": "failure-to-qualify", "type": "definition", "offset": [4414, 4432]}, {"key": "in-effect", "type": "definition", "offset": [4441, 4450]}, {"key": "permits-and-qualifications", "type": "clause", "offset": [4465, 4491]}, {"key": "materially-adversely-affect", "type": "definition", "offset": [4501, 4528]}, {"key": "available-at", "type": "definition", "offset": [4628, 4640]}, {"key": "received-by", "type": "definition", "offset": [4739, 4750]}, {"key": "related-lessee", "type": "definition", "offset": [4802, 4816]}, {"key": "subject-transaction", "type": "definition", "offset": [4848, 4867]}, {"key": "documents-comprising-the", "type": "clause", "offset": [4954, 4978]}, {"key": "in-all-material-respects", "type": "definition", "offset": [5001, 5025]}, {"key": "all-applicable-laws", "type": "definition", "offset": [5031, 5050]}, {"key": "rules-and-regulations", "type": "definition", "offset": [5052, 5073]}, {"key": "without-limitation", "type": "clause", "offset": [5086, 5104]}, {"key": "fair-credit-reporting", "type": "clause", "offset": [5128, 5149]}, {"key": "collection-practices", "type": "definition", "offset": [5187, 5207]}, {"key": "affected-by", "type": "definition", "offset": [5337, 5348]}, {"key": "similar-laws", "type": "definition", "offset": [5364, 5376]}, {"key": "rights-generally", "type": "clause", "offset": [5398, 5414]}, {"key": "duly-executed", "type": "clause", "offset": [5444, 5457]}, {"key": "duly-authorized", "type": "clause", "offset": [5507, 5522]}, {"key": "review-of", "type": "clause", "offset": [5553, 5562]}, {"key": "documents-provided", "type": "clause", "offset": [5577, 5595]}, {"key": "by-the-lessee", "type": "clause", "offset": [5602, 5615]}, {"key": "the-other-parties", "type": "clause", "offset": [5687, 5704]}, {"key": "number-of", "type": "clause", "offset": [5733, 5742]}, {"key": "true-and-correct", "type": "clause", "offset": [5778, 5794]}, {"key": "default-under", "type": "clause", "offset": [5817, 5830]}, {"key": "in-violation", "type": "definition", "offset": [5834, 5846]}, {"key": "performed-by", "type": "clause", "offset": [5872, 5884]}, {"key": "disclosure-schedule", "type": "clause", "offset": [5982, 6001]}, {"key": "default-by-the-seller", "type": "clause", "offset": [6113, 6134]}, {"key": "accepted-by", "type": "definition", "offset": [6225, 6236]}, {"key": "purposes-of-the-lease", "type": "clause", "offset": [6256, 6277]}, {"key": "possession-of-the", "type": "clause", "offset": [6378, 6395]}, {"key": "the-location", "type": "clause", "offset": [6406, 6418]}, {"key": "description-of", "type": "definition", "offset": [6466, 6480]}, {"key": "true-and-accurate", "type": "clause", "offset": [6564, 6581]}, {"key": "knowledge-of-seller", "type": "clause", "offset": [6619, 6638]}, {"key": "material-casualty", "type": "definition", "offset": [6657, 6674]}, {"key": "loss-of", "type": "definition", "offset": [6681, 6688]}, {"key": "relevant-transaction", "type": "definition", "offset": [6739, 6759]}, {"key": "all-laws", "type": "clause", "offset": [6855, 6863]}, {"key": "binding-upon", "type": "clause", "offset": [6864, 6876]}, {"key": "past-due", "type": "definition", "offset": [7066, 7074]}, {"key": "any-time", "type": "definition", "offset": [7310, 7318]}], "snippet": "(1) The Seller has made available to the Buyer copies of all forms of leases currently used by the Seller for leases originated by the Seller.\n(2) The Contract Trial Balance attached hereto as Schedule 1.1 includes all the Finance Leases as of February 28, 2005.\n(3) Title to each Finance Lease is vested in the Seller and each Finance Lease is free of liens, claims or encumbrances created by, through or under the Seller; and Seller\u2019s assignment of the Finance Leases to the Buyer pursuant to this Agreement and to the Finance Lease Assignment transfers the Finance Leases to Buyer free of liens, claims or encumbrances created by, through or under the Seller;\n(4) All Finance Lease Equipment is owned by the Seller free and clear of all liens, claims or encumbrances (except for the rights of the lessee pursuant to the applicable Finance Lease) or Seller has perfected security interests in all such Finance Lease Equipment; all such rights will be validly assigned and transferred by the Seller to the Buyer pursuant to this Agreement and the Finance Lease Assignment; the Seller has filed a financing statement with the appropriate governmental entity or entities in each jurisdiction where such filing is required;\n(5) The Seller has not executed any other currently effective document, other than this Agreement, assigning or otherwise transferring to any other Person any interest in and to the Finance Leases or any rights thereunder or amounts due thereunder, or in and to any item of the Finance Lease Equipment or any other collateral for the Finance Leases;\n(6) The lease payments due under the Finance Leases represent obligations properly owing to the Seller at the time and in the amounts set forth in the Contract Trial Balance as of February 28, 2005, and are free of any dispute, set off, right of rescission, counterclaim or defense;\n(7) The Buyer will be provided at the Closing with the sole executed original chattel paper of the actual lease or financing agreement forming part of each of the Finance Leases; no duplicate or multiple originals of any lease, master lease, master lease schedule or financing agreement constituting part of the Finance Leases have been executed by the Seller or other lessor or secured party, the lessee having been provided with a photocopy only of such documents;\n(8) The Seller has made available or will make available to the Buyer the executed originals (to the extent available) of all other documents forming part of each Finance Lease, and the entire agreement between the Seller and the lessee covering or related to the Finance Lease Equipment (and the lease or sale thereof) is contained in the applicable Finance Lease;\n(9) The Seller has not received any prepaid monies on account of any Finance Lease which it will not turn over to the Buyer at the Closing;\n(10) No outstanding lease payment owed to the Seller by a lessee under any Finance Lease is 90 days or more past-due and there exists under the Finance Leases no default or event (other than a failure to pay) which with the giving of notice or lapse of time or both would constitute such an event of default; in addition, (A) no lessee of any Finance Lease has filed or, to the Knowledge of the Seller, is contemplating filing for bankruptcy protection and (B) no party to any of the Finance Leases has filed or, to the Knowledge of the Seller, is contemplating filing a lawsuit against the Seller involving the relevant Finance Lease;\n(11) As to any item of Finance Lease Equipment which is subject to title registration laws, such item has been properly titled and registered in accordance with the laws of the state where such Finance Lease Equipment is located (or, with respect to mobile equipment, from which its operations are based) and the Seller is shown on such title and registration as the registered owner, or in the case of the Finance Leases under which vehicles are leased, as the first priority lienholder;\n(12) The Seller is duly qualified to do business as a foreign business entity in each jurisdiction where the failure to be so qualified would have a material adverse effect on the Buyer\u2019s ability to enforce its rights with respect to any Finance Lease; and the Seller further has in full force and effect all filings, permits and other qualifications required in connection with the Seller\u2019s entrance into or enforcement of such Finance Lease, except where the failure to qualify or have in effect such filings, permits and qualifications will not materially adversely affect the Buyer\u2019s ability to enforce the Finance Lease;\n(13) The Seller has made available (or will make available at the Closing) to the Buyer all material credit (including payment histories) and other information received by the Seller with respect to each Finance Lease, the related lessee, any guarantor thereof and the subject transaction generally, and there are not any material inaccuracies or omissions therein;\n(14) The documents comprising the Finance Leases comply in all material respects with all applicable laws, rules and regulations (including, without limitation, fair credit, billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) and are enforceable against the Seller in accordance with their respective terms, except as such enforcement may be affected by bankruptcy and similar laws affecting creditors\u2019 rights generally; each such document has been duly executed by the Seller if it required such execution, and duly authorized (based solely on the Seller\u2019s review of authorization documents provided to it by the lessee), executed to the extent such execution was required, and delivered by the other parties thereto and the amounts and number of the payments set forth therein are true and correct; the Seller is not in default under or in violation of any obligations to be performed by it under any of the Finance Leases, nor, subject to those consents listed in Section 3(c) of the Disclosure Schedule, does any condition exist which, upon the giving of notice, the lapse of time, or both would constitute such a default by the Seller;\n(15) To the Seller\u2019s Knowledge, each applicable item of Finance Lease Equipment has been accepted by the lessee for all purposes of the lease or financing agreement forming part of the Finance Leases and is, to the Seller\u2019s Knowledge, in the possession of the lessee at the location set forth in the applicable Finance Lease; the description of each applicable item of Finance Lease Equipment contained in the Finance Leases is true and accurate in all material respects, and to the Knowledge of Seller, there is not any material casualty to or loss of any item of the Finance Lease Equipment;\n(16) The relevant transaction with respect to each Finance Lease was consummated in all material respects in accordance with all laws binding upon the Seller and, to the Knowledge of Seller, binding upon the lessee; and\n(17) No outstanding lease payment owed to the Seller by a lessee under a Finance Lease is currently 90 days or more past due; no Finance Lease has had a lease payment owed to the Seller by the lessee thereunder become 90 days or more past due during the time that Seller has performed the servicing on such Finance Lease, nor to the Seller\u2019s Knowledge, during any time since its inception during which the Seller did not perform the servicing.\n(18) Except with respect to the Past Due Leases, (A) no outstanding lease payment owed to the Seller by a lessee under a Finance Lease is currently 30 days or more past due, and (B) no Finance Lease has had a lease payment owed to the Seller by the lessee thereunder become 30 days or more past due during the time that the Seller has performed the servicing on such Finance Lease, nor to the Seller\u2019s Knowledge, during any time since its inception during which the Seller did not perform the servicing.", "samples": [{"hash": "62NKiUNFEua", "uri": "/contracts/62NKiUNFEua#finance-leases", "label": "Asset Purchase Agreement", "score": 31.340862423, "published": true}, {"hash": "5YFw8oblX8s", "uri": "/contracts/5YFw8oblX8s#finance-leases", "label": "Asset Purchase Agreement (Alfa Corp)", "score": 21.0, "published": true}], "hash": "5ad0f32b3cc783d3c4f0605bc41e7a07", "id": 3}, {"size": 2, "snippet_links": [{"key": "for-purposes-of-the", "type": "clause", "offset": [0, 19]}, {"key": "finance-lease", "type": "definition", "offset": [96, 109]}, {"key": "rent-expense", "type": "definition", "offset": [115, 127]}, {"key": "principal-and-interest", "type": "definition", "offset": [149, 171]}, {"key": "rent-payment", "type": "definition", "offset": [205, 217]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [229, 248]}, {"key": "the-foregoing", "type": "definition", "offset": [249, 262]}, {"key": "each-case", "type": "definition", "offset": [300, 309]}, {"key": "most-recently-ended", "type": "definition", "offset": [319, 338]}, {"key": "months-of-operation", "type": "definition", "offset": [363, 382]}, {"key": "date-of", "type": "clause", "offset": [428, 435]}, {"key": "related-mortgage", "type": "definition", "offset": [440, 456]}], "snippet": "For purposes of the calculations above for any leased theatre which lease is characterized as a finance lease, the rent expense otherwise treated as principal and interest under GAAP shall be treated as a rent payment; provided, for the purposes of the foregoing calculations:\n(i) \u201cTLCF\u201d = A \u2013 B, in each case, for the most recently ended twelve full consecutive months of operation for which information is available as of the date of the related mortgage;\n(ii) \u201cUTLCF\u201d = First Run UTLCF = TLCF \u2013 (A x 0.04) Discount UTLCF = TLCF \u2013 (A x 0.02);", "samples": [{"hash": "OaoJZJCbk6", "uri": "/contracts/OaoJZJCbk6#finance-leases", "label": "Indenture (Cinemark Usa Inc /Tx)", "score": 31.2997946612, "published": true}, {"hash": "8XXqWwlolEi", "uri": "/contracts/8XXqWwlolEi#finance-leases", "label": "Indenture (Cinemark Holdings, Inc.)", "score": 31.2997946612, "published": true}], "hash": "1373d068eae555214efc256c17386d7b", "id": 4}, {"size": 2, "snippet_links": [{"key": "the-company", "type": "definition", "offset": [0, 11]}, {"key": "the-provisions-of", "type": "clause", "offset": [51, 68]}, {"key": "schedule-12", "type": "definition", "offset": [69, 80]}], "snippet": "The Company is not a lessee under a lease to which the provisions of Schedule 12 F.A. 1997 apply or could apply.", "samples": [{"hash": "auWU0WNUnGx", "uri": "/contracts/auWU0WNUnGx#finance-leases", "label": "Share Purchase Agreement (Aether Systems LLC)", "score": 18.0, "published": true}, {"hash": "5f5c6vHo8yP", "uri": "/contracts/5f5c6vHo8yP#finance-leases", "label": "Share Purchase Agreement (Aether Systems Inc)", "score": 18.0, "published": true}], "hash": "ee5b20378af2bfebfd8add2e0231b12a", "id": 5}, {"size": 2, "snippet_links": [{"key": "the-company", "type": "definition", "offset": [0, 11]}, {"key": "the-lessee", "type": "clause", "offset": [36, 46]}], "snippet": "The Company is not and has not been the lessee under any finance leases of plant or machinery.", "samples": [{"hash": "l1Hd2qiHFg", "uri": "/contracts/l1Hd2qiHFg#finance-leases", "label": "Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/)", "score": 18.0, "published": true}], "hash": "cfdde7badbeba0fa3dc300c14ebe6c44", "id": 6}, {"size": 2, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [20, 35]}, {"key": "pledged-chassis", "type": "definition", "offset": [84, 99]}, {"key": "pursuant-to-a", "type": "definition", "offset": [100, 113]}, {"key": "finance-lease", "type": "definition", "offset": [114, 127]}, {"key": "actions-by", "type": "clause", "offset": [148, 158]}, {"key": "following-the", "type": "definition", "offset": [191, 204]}, {"key": "funding-date", "type": "definition", "offset": [213, 225]}, {"key": "the-lessee", "type": "clause", "offset": [234, 244]}, {"key": "the-united-states-of-america", "type": "clause", "offset": [266, 294]}, {"key": "filing-office", "type": "definition", "offset": [325, 338]}, {"key": "ucc-financing-statement", "type": "definition", "offset": [341, 364]}, {"key": "the-applicable", "type": "clause", "offset": [402, 416]}, {"key": "secured-party", "type": "clause", "offset": [437, 450]}, {"key": "the-collateral", "type": "definition", "offset": [492, 506]}, {"key": "assignor-shall", "type": "clause", "offset": [604, 618]}, {"key": "the-district-of-columbia", "type": "clause", "offset": [654, 678]}], "snippet": "Each Assignor will, with respect to any Lessee that leases a Pledged Container or a Pledged Chassis pursuant to a Finance Lease, take the following actions by not later than thirty (30) days following the related Funding Date:\n(A) if the Lessee's Location is within the United States of America, then file in the appropriate filing office a UCC financing statement naming the Lessee, as debtor/lessee, the applicable Assignor, as lessor/secured party, and leased Containers and/or Chassis as the collateral; or\n(B) if the Lessee's Location is not within the United States of America, then the applicable Assignor shall file with the Recorder of Deeds of the District of Columbia a UCC financing statement naming the Lessee, as debtor/lessee, the applicable Assignor, as lessor/secured party, and the leased Containers and/or Chassis as the collateral.", "samples": [{"hash": "6wEvuiOHaTX", "uri": "/contracts/6wEvuiOHaTX#finance-leases", "label": "Security Agreement (TAL International Group, Inc.)", "score": 19.0, "published": true}], "hash": "30f67cc9d8499d84220dd83f4bec85a9", "id": 7}, {"size": 2, "snippet_links": [{"key": "the-lessee", "type": "clause", "offset": [40, 50]}, {"key": "the-leases", "type": "clause", "offset": [99, 109]}, {"key": "disclosure-letter", "type": "definition", "offset": [127, 144]}, {"key": "no-assets", "type": "clause", "offset": [165, 174]}, {"key": "subject-to-the", "type": "definition", "offset": [175, 189]}, {"key": "at-any-time", "type": "clause", "offset": [202, 213]}, {"key": "by-the-company", "type": "clause", "offset": [226, 240]}, {"key": "a-person", "type": "clause", "offset": [259, 267]}, {"key": "resident-in", "type": "clause", "offset": [279, 290]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [338, 357]}, {"key": "the-sellers", "type": "clause", "offset": [388, 399]}, {"key": "any-person", "type": "definition", "offset": [529, 539]}, {"key": "first-year", "type": "definition", "offset": [640, 650]}, {"key": "reference-to", "type": "definition", "offset": [696, 708]}, {"key": "avoidance-provisions", "type": "definition", "offset": [775, 795]}], "snippet": "(a) The Company is not and has not been the lessee under any leases of plant or machinery save for the leases specified in the Disclosure Letter (the \"Leases\").\n(b) No assets subject to the Leases have at any time been leased by the Company or its lessees to a person who is not resident in the UK and does not use the machinery or plant for the purposes of a trade carried on there.\n(c) The Sellers, after making due and reasonable enquiry, are not aware of any investigation, enquiry or other circumstance which indicates that any person who is or was a lessor or owner of equipment subject to any of the Leases will or may be denied the first year allowances and/or writing-down allowances by reference to which the initial rental under that Lease was calculated. 66 ANTI-AVOIDANCE PROVISIONS", "samples": [{"hash": "4qrMeX096yK", "uri": "/contracts/4qrMeX096yK#finance-leases", "label": "Share Purchase Agreement (Cross Country Healthcare Inc)", "score": 18.0, "published": true}], "hash": "9f5213ef72efc968b27c2995d3ccf494", "id": 8}, {"size": 2, "snippet_links": [{"key": "debtor-will", "type": "clause", "offset": [4, 15]}, {"key": "with-respect-to", "type": "clause", "offset": [37, 52]}, {"key": "an-eligible", "type": "clause", "offset": [76, 87]}, {"key": "pursuant-to-a", "type": "definition", "offset": [98, 111]}, {"key": "finance-lease", "type": "definition", "offset": [112, 125]}, {"key": "actions-by", "type": "clause", "offset": [146, 156]}, {"key": "following-the", "type": "definition", "offset": [189, 202]}, {"key": "entered-into", "type": "clause", "offset": [273, 285]}, {"key": "after-the-closing-date", "type": "clause", "offset": [290, 312]}, {"key": "the-lessee", "type": "clause", "offset": [322, 332]}, {"key": "the-united-states-of-america", "type": "clause", "offset": [354, 382]}, {"key": "filing-office", "type": "definition", "offset": [413, 426]}, {"key": "ucc-financing-statement", "type": "definition", "offset": [429, 452]}, {"key": "secured-party", "type": "clause", "offset": [510, 523]}, {"key": "eligible-containers", "type": "clause", "offset": [541, 560]}, {"key": "the-collateral", "type": "definition", "offset": [564, 578]}, {"key": "state-of", "type": "definition", "offset": [638, 646]}, {"key": "the-district-of-columbia", "type": "clause", "offset": [713, 737]}], "snippet": "The Debtor will, at its own expense, with respect to any Lessee that leases an Eligible Container pursuant to a Finance Lease, take the following actions by not later than ninety (90) days following the later of (a) the Closing Date and (b) the date such Finance Lease was entered into (if after the Closing Date):\n(i) if the Lessee\u2019s Location is within the United States of America, then file in the appropriate filing office a UCC financing statement naming the Lessee as debtor/lessee, the Debtor as lessor/secured party, and the related Eligible Containers as the collateral; or\n(ii) if the Lessee\u2019s Location is not within the United State of America, then the Debtor shall file with the Recorder of Deeds of the District of Columbia a UCC financing statement naming the Lessee as debtor/lessee, the Debtor as lessor/secured party, and the related Eligible Containers as the collateral.", "samples": [{"hash": "lNWfxRy37dg", "uri": "/contracts/lNWfxRy37dg#finance-leases", "label": "Security Agreement (TAL International Group, Inc.)", "score": 23.3230663929, "published": true}], "hash": "ca271695bda2bb5028d774cd8a0d3c0c", "id": 9}, {"size": 1, "snippet_links": [{"key": "the-lessee", "type": "clause", "offset": [39, 49]}, {"key": "the-leases", "type": "clause", "offset": [98, 108]}, {"key": "disclosure-letter", "type": "definition", "offset": [126, 143]}, {"key": "subject-to-the", "type": "definition", "offset": [190, 204]}, {"key": "the-period", "type": "clause", "offset": [219, 229]}, {"key": "requisite-period", "type": "definition", "offset": [243, 259]}, {"key": "in-respect-of", "type": "clause", "offset": [260, 273]}, {"key": "an-owner", "type": "clause", "offset": [301, 309]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [320, 339]}, {"key": "qualifying-purpose", "type": "definition", "offset": [400, 418]}, {"key": "no-assets", "type": "clause", "offset": [453, 462]}, {"key": "at-any-time", "type": "clause", "offset": [490, 501]}, {"key": "by-the-company", "type": "clause", "offset": [514, 528]}, {"key": "a-person", "type": "clause", "offset": [547, 555]}, {"key": "resident-in", "type": "clause", "offset": [567, 578]}, {"key": "the-vendor", "type": "clause", "offset": [689, 699]}, {"key": "any-person", "type": "definition", "offset": [802, 812]}, {"key": "first-year", "type": "definition", "offset": [913, 923]}, {"key": "writing-down", "type": "clause", "offset": [939, 951]}, {"key": "reference-to", "type": "definition", "offset": [966, 978]}], "snippet": "8.22.1 The Company is not nor has been the lessee under any leases of plant or machinery save for the leases specified in the Disclosure Letter (the \"Leases\").\n8.22.2 The machinery or plant subject to the Leases has in the period which is the requisite period in respect of any expenditure thereon by an owner or lessor for the purposes of section 39(1) of the CAA been used and only been used for a qualifying purpose as defined by the section.\n8.22.3 No assets subject to the Leases have at any time been leased by the Company or its lessees to a person who is not resident in the UK and does not use the machinery or plant for the purposes of a trade carried on there.\n8.22.4 So far as the Vendor is aware there is no revenue investigation, revenue enquiry or other circumstance which dictates that any person who is or was a lessor or owner of equipment subject to any of the Leases will or may be denied the first year allowances and writing down allowances by reference to which the initial rental under that Lease was calculated.", "samples": [{"hash": "3e9bUhea4bD", "uri": "/contracts/3e9bUhea4bD#finance-leases", "label": "Acquisition Agreement (Leisure Travel Group Inc)", "score": 18.0, "published": true}], "hash": "44c5ef9cc1c44f59df9ca52ada51c2da", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdmaW5hbmNlLWxlYXNlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 47, "title": "Finance Leases", "children": [], "parents": [["taxation", "Taxation"], ["provisions-concerning-all-collateral", "Provisions Concerning All Collateral"], ["definitions", "Definitions"], ["third-party-rights", "THIRD PARTY RIGHTS"], ["governing-law", "GOVERNING LAW"]], "id": "finance-leases", "related": [["operating-leases", "Operating Leases", "Operating Leases"], ["real-estate-leases", "Real Estate Leases", "Real Estate Leases"], ["operating-lease-obligations", "Operating Lease Obligations", "Operating Lease Obligations"], ["leases", "Leases", "Leases"], ["ground-leases", "Ground Leases", "Ground Leases"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Finance Leases clause defines the terms under which an asset is leased to a lessee for most of its useful life, with the lessee assuming many of the risks and rewards of ownership. Typically, this clause outlines the lessee's obligations to make regular payments, maintain the asset, and sometimes provides an option to purchase the asset at the end of the lease term. Its core function is to clarify the financial responsibilities and rights of both parties, ensuring that the lease is treated similarly to a financed purchase and providing certainty regarding asset use and payment obligations."}, "json": true, "cursor": ""}}