Common use of Synthetic Lease Clause in Contracts

Synthetic Lease. Any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP.

Synthetic Lease. Any any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP.

Synthetic Lease. Any any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease Operating Lease in accordance with GAAP.

Synthetic Lease. Any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness Indebtedness for tax purposes but is classified as an operating lease under GAAP and including the leases for the distribution facilities located in accordance with Fort Hill, South Carolina, and Perris, California regardless of how such leases may from time to time be classified under GAAP.

Synthetic Lease. Any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness Indebtedness for tax purposes but is classified as an operating lease in accordance with under GAAP.