Merchant lessee definition
Merchant lessee means a lessee that is a merchant with respect to goods of the kind subject to the lease.
Merchant lessee means a lessee that is a merchant with
Merchant lessee means a lessee that is a
More Definitions of Merchant lessee
Merchant lessee means a lessee that is a mer- chant with respect to goods of the kind subject to the lease.
Merchant lessee means a lessee that is a merchant with respect to
Merchant lessee means a lessee that is a merchant with respect to goods of the kind
Merchant lessee means a lessee that is a merchant with respect to goods of the kind subject to the lease.(u) “Present value” means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate was not manifestly unreasonable at the time the transaction was entered into; otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.(v) “Purchase” includes taking by sale, lease, mortgage, security interest, pledge, gift, or any other voluntary transaction creating an interest in goods.(w) “Sublease” means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.(x) “Supplier” means a person from whom a lessor buys or leases goods to be leased under a finance lease.(y) “Supply contract” means a contract under which a lessor buys or leases goods to be leased. que sea suficiente o no para realizar el contrato de arrendamiento.(t) “Arrendatario mercantil” significa un arrendatario que es un comerciante con respecto a bienes del tipo sujeto al arrendamiento.(u) “Valor presente” significa el monto a partir de una fecha determinada de una o más sumas pagaderas en el futuro, descontadas a la fecha determinada. El descuento está determinado por la tasa de interés especificada por las partes si la tasa no era manifiestamente irrazonable en el momento en que se realizó la transacción; de lo contrario, el descuento está determinado por una tasa comercialmente razonable que toma en cuenta los hechos y circunstancias de cada caso en el momento en que se celebró la transacción.(v) “Compra” incluye tomar por venta, arrendamiento, hipoteca, interés de garantía, prenda, donación o cualquier otra transacción voluntaria que genere un interés en los bienes.(w) “Subarrendamiento” significa un arrendamiento de bienes cuyo derecho de posesión y uso fue adquirido por el arrendador como arrendatario en virtud de un arrendamiento existente.(x) “Proveedor” significa una persona a quien el arrendador compra o arrienda bienes para ser arrendados bajo un arrendamiento financiero.(y) “Contrato de suministro” significa un contrato según el cual un arrendador compra o arrienda bienes para ser arrendados. (z) “Termination” occurs when either party pursuant to a power created by agreement or law puts ...