Capitalised Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalised and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with IFRS and excluding, for the avoidance of doubt, any cash expenditure arising from an operating lease or lease which, in accordance with IFRS, is treated as an operating lease;

Capitalised Lease Obligation means, as to any Person, the obligations of such Person under a lease that are required to be classified and accounted for as capital lease obligations under IFRS and, for purposes of this definition, the amount of such obligations at any date shall be the capitalised amount of such obligations at such date, determined in accordance with IFRS;

Examples of Capitalised Lease Obligation in a sentence

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.
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, 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 Obligation

Capitalised Lease Obligation of any person means the obligation to pay rent or other payment amounts under a lease of (or other Borrowed Money arrangements conveying the right to use) real or personal property which is required to be classified and accounted for as a capitalised lease or a liability on the face of a balance sheet of such person in accordance with Relevant GAAP (in the case of this Lease and the Other Ship Leases, net of an amount equal to the aggregate of the Applicable Security Amount and the Applicable Security Amount (as defined in the Other Ship Leases));

Capitalised Lease Obligation means an obligation that is required to be classified and accounted for as a capitalised lease for financial reporting purposes in accordance with IFRS, and the amount of indebtedness represented by such obligation shall be the capitalised amount of such obligation at the time any determination thereof is to be made as determined in accordance with IFRS, under such lease prior to the first date such lease may be terminated without penalty.

Capitalised Lease Obligation means an obligation that is required to be classified and accounted for as a capitalised lease for financial reporting purposes in accordance with GAAP. The amount of Indebtedness represented by such obligation shall be the capitalised amount of such obligation determined in accordance with GAAP. 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.

Capitalised Lease Obligation of any person means the obligation to pay rent or other payment amounts under a lease of (or other Borrowed Money arrangements conveying the right to use) real or personal property which is required to be classified and accounted for as a capitalised lease or a liability on the face of a balance sheet of such person in accordance with U.S. GAAP or the generally accepted accounting principles of any other Relevant Jurisdiction, as the case may be;

Capitalised Lease Obligation of any person means:-

Capitalised Lease Obligation means Indebtedness represented by obligations under a lease that is required to be capitalised for financial reporting purposes in accordance with GAAP and the amount of such Indebtedness shall be the capitalised amount of such obligations

Capitalised Lease Obligation means an obligation that is required to be classified and accounted for as a capitalised or finance lease for financial reporting purposes in accordance with IFRS (other than any liability in respect of a lease or hire purchase contract which would, in accordance with IFRS in force as at 9 May 2017, have been treated as an operating lease). The Stated Maturity of any Capitalised Lease Obligation shall be the date of the last scheduled payment of rent or any other amount due under the related lease without penalty.