Operational Lease definition

Operational Lease means any lease or hire purchase contract entered into by a Group Company which would have been treated as an operational lease for accounting purposes in accordance with the Accounting Standard in force prior to 1 January 2019.
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Operational Lease means a Lease that has passed its contracted start date regardless of actual transmission status.
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Examples of Operational Lease in a sentence

  • The J&T Autolease General Terms and Conditions comprise the General Provisions Operational Lease module supplemented by one or more specific modules per product or service.

  • Leasing Company The natural person or legal entity that concludes, will conclude or has concluded an Operational Lease agreement with you.

  • Operational Lease Operational lease is used to acquire devices on a relatively short term basis with no benefit of ownership to the lessee; no buy-out will be considered.

  • You The natural person or legal entity that concludes, will conclude or has conclu- ded an Operational Lease agreement with Leasefiets.

  • Short Term Rental A Short Term Rental shall: Meet the financial requirements of an Operational Lease but shall be cancelable given 30 days written notice to the Awarded Vendor at any point during the rental term.

  • Operational Lease The type of lease whereby ownership of the vehicle remains with Leasefiets Instalment The monthly amount to be paid.

  • The provisions included in the present module apply, in addition to the provisions of the module General Provisions Operational Lease, mutatis mutandis if Lessor delivers fuel cards to Lessee, except and insofar as this is deviated from in this chapter.

  • The provisions included in the present module apply, in addition to the provisions of the General Provisions Operational Lease module, mutatis mutandis if Lessor and Lessee conclude a Car Lease Agreement, except insofar as this is deviated from in this chapter.

  • The provisions included in the present module apply, in addition to the provisions of the General Provisions Operational Lease module, mutatis mutandis if Lessor and Lessee agree to provide the Leased Items to be deployed with winter tyres.

  • Articles 3, 9, 12, 10 subclause 3, 11, 17, 18 and 19 of the General Provisions Operational Lease do not apply to Car Lease Agreements.