Capital Leases definition

Capital Leases means, as applied to any Person, any lease of (or any agreement conveying the right to use) any property (whether real, personal or mixed) by such Person as lessee which in accordance with GAAP, is required to be reflected as a liability on the balance sheet of such Person.

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Capital Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder.

Capital Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

Examples of Capital Leases in a sentence

• Purchase Money Debt and Capital Leases of the Borrower Agent and its Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate principal amount does not at any time exceed an amount greater than $7,500,000.

• Enter into any Sale and Leaseback Transaction, except in connection with any Capital Leases permitted by Section 7.02(c).

• The Borrower shall not incur or become liable for any Indebtedness for borrowed money (including under Capital Leases), except for Permitted Indebtedness, and any renewals and extensions of any of the foregoing, provided that the aggregate principal amount of such existing Indebtedness is not at any time increased.

• No Loan Party is a party to any agreement or arrangement (other than Capital Leases creating Liens permitted by Section 7.2(d), but then only on the Property subject of such Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of its Properties to secure the Obligations and the Loan Documents.

More Definitions of Capital Leases

Capital Leases means any and all lease obligations that, in accordance with GAAP, are required to be capitalized on the books of a lessee.

Capital Leases means, as applied to any Person, any lease of any Property by such Person as lessee which would, in accordance with GAAP, be required to be classified and accounted for as a capital lease on the balance sheet of such Person.

Capital Leases means all leases which have been or should be capitalized in accordance with GAAP as in effect from time to time including Statement No. 13 of the Financial Accounting Standards Board and any successor thereof.

Capital Leases means capital leases and subleases, as defined in the Financial Accounting Standards Board Statement of Financial Accounting Standards No. 13, dated November 1976, as amended.

Capital Leases means, with respect to any Person, any lease of any property by such Person which would, in accordance with generally accepted accounting principles, be required to be classified and accounted for as a capital lease on the balance sheet of such Person.

Capital Leases means capital leases and subleases, as defined in accordance with GAAP.

Capital Leases as applied to any Person, means any lease of any property (whether real, personal or mixed) by that Person as lessee which, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person; provided that, for the avoidance of doubt, “Capital Leases” shall not include any Ground Net Lease.