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

• The Directors consider the Finance Lease Arrangement will enable the Company to fully realize the benefits to be generated by leasing the Equipment to Shenzhen Guang Bo. The interest income as a result of the Finance Lease Arrangement is expected to be approximately RMB10,560,359 (equivalent to approximately HK$13,200,448) for the first 12 months of the Lease Period.

• The Implementation of the Finance Lease Agreement for the Capital Goods of the Blue Star 5 Tanker Ship in Agreement Number PPAF/PSGUP/2014/VIII/133..

• The terms of the Finance Lease Agreements have been agreed after arm’s length negotiation between the parties with reference to the prevailing market practice.

• The terms under the Finance Lease Arrangement have been agreed under normal commercial terms and after arm’s length negotiations between the parties thereto.

• Pursuant to the Finance Lease Arrangement, Shenzhen Zero-Seven has agreed to pay the Repurchase Consideration, which includes among others, the lease rental that becomes due but unpaid by Xxxxxxxx Xxxxx Xx in respect of the payment obligations of Shenzhen Guang Bo under the Lease Agreement.

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 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 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, as to any Person, a lease of any Property by that Person as lessee that is, or should be recorded as a “finance lease” on the balance sheet of that Person prepared in accordance with Generally Accepted Accounting Principles.

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