Capitalised Lease definition

Capitalised Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) of which the discounted present value of the rental obligations of such Person as lessee, in conformity with GAAP, is required to be capitalised on the balance sheet of such Person.

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Capitalised Lease means, with respect to any Person, any lease of any property (whether real, personal or mixed) which, in conformity with GAAP, is required to be capitalised on the balance sheet of such Person.

Capitalised Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) of which the discounted present value of the rental obligations of such Person as lessee, in conformity with GAAP or IFRS as in effect at the Issue Date, as applicable, is required to be capitalised on the balance sheet of such Person;

Examples of Capitalised Lease in a sentence

• Any vessel under construction owned by, or contracted for delivery on completion to, any member of the Stena AB Group (whether as owner or pursuant to a Capitalised Lease Obligation) and any contract entered into for the construction of such a vessel shall be valued at its book value (as determined in accordance with Swedish GAAP).

• It is acknowledged by all parties that the restructuring of the security may include the granting of second priority security to secure the relevant Capitalised Lease Obligation and the Swap Banks acknowledge that their second priority rights to the Mortgaged Ships shall be postponed and/or replaced with alternative security acceptable to the Swap Banks to be agreed at the relevant time.

• Every completed vessel owned by or, pursuant to a Capitalised Lease Obligation, chartered to any member of the Stena AB Group (for the purposes of this Clause 14.21, a "RELEVANT VESSEL") shall be valued in the manner and at the times specified below.

• It is acknowledged by all parties that, as set out in the telefax from the Banks to the Borrower dated 28 August 2002, the restructuring of the security may include the granting of security to secure the relevant Capitalised Lease Obligation and postponement and/or replacement of the Mortgages with alternative security acceptable to the Banks to be agreed at the relevant time.

More Definitions of Capitalised Lease

Capitalised Lease means a lease with respect to which the obligation for rentals is required to be capitalised on a consolidated balance sheet of the lessee and its subsidiaries;

Capitalised Lease means a lease under which the discounted future rental payment obligations of the lessee or the obligor are required to be capitalised on the balance sheet of such person in accordance with IFRS;

Capitalised Lease means, with respect to any Person, any lease of any property (whether real, personal or mixed) which, in conformity with PFRS, is required to be capitalised on the balance sheet of such Person. For the purpose of Condition 4.7, a Capitalised Lease will be deemed to be secured by a Lien on the property being leased.

Capitalised Lease means any lease of any property (whether real, personal or mixed), of which the discounted present value of the rental obligations of the lessee, in conformity with GAAP, are required to be capitalised on the balance sheet of such lessee; the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty; and “Capitalised Lease Obligations” means the rental obligations, as aforesaid, under such lease.

Capitalised Lease of a Person means any lease of assets by such Person as lessee which would be capitalised on a balance sheet of such Person prepared in accordance with GAAP.

Capitalised Lease of a person means any lease of an asset by such person as lessee which would be capitalised on a balance sheet of such person prepared in accordance with Agreement Accounting Principles.

Capitalised Lease means, with respect to any Person, any lease of any property (whether real, personal or mixed) of which the discounted present value of the rental obligations of such Person as lessee is, under GAAP, required to be capitalised on the balance sheet of such Person;