Finance Lease definition

Finance Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a finance or capital lease.

Finance Lease means a lease with respect to which:

Finance Lease means any transaction representing the obligation of a lessee to pay rent or other amounts under a lease which is required to be classified and accounted for as a capital lease on the balance sheet of such lessee under GAAP.

Examples of Finance Lease in a sentence

• You agree that this Agreement is a "Finance Lease" as defined by Article 2A of the UCC and your rights and remedies are governed exclusively by this Agreement.

• As one or more of the applicable percentage ratios (as defined under the GEM Listing Rules) for the transaction contemplated under the Finance Lease Agreement exceeds 100%, such transaction constitutes a very substantial acquisition of the Company under Chapter 19 of the GEM Listing Rules and is subject to the reporting, announcement and Shareholders’ approval requirements under the GEM Listing Rules.

• The advance under the Finance Lease Arrangement constitutes an advance to entity under Rule 17.15 of the GEM Listing Rules.

• If the Lessees have properly and fully performed all of its obligations under the Finance Lease Agreements, the Lessees are entitled to acquire the Leased Assets at the consideration of RMB100 in nominal value pursuant to the terms and conditions of the Finance Lease Agreements, upon the expiry of the Finance Lease Agreements.

• The Directors consider that entering into the Purchase Agreement and the Finance Lease Agreements will generate revenue and profit to the Company over the lease period and is consistent with the Company’s business development strategy.

More Definitions of Finance Lease

Finance Lease means a lease with respect to which all of the following apply:

Finance Lease means, as applied to any Person, any lease of any property, whether real, personal or mixed, of such Person as lessee is required to be classified and accounted for as a finance lease in accordance with GAAP.

Finance Lease means any lease or hire purchase contract, a liability under which would, in accordance with the Accounting Principles, be treated as a balance sheet liability.

Finance Lease means any lease or hire purchase contract which would, in accordance with GAAP, be treated as a finance or capital lease.

Finance Lease means a lease treated as a finance lease pursuant to the Applicable Accounting Principles.

Finance Lease has the meaning given to that term in Clause 24.1 (Financial definitions).

Finance Lease means a lease of any machinery or plant (including any arrangement or agreement in connection with the lease) which has the effect of transferring substantially the obsolescence, risks or rewards incidental to ownership of such machinery or plant to the lessee;