Example ContractsClausescapital leases and synthetic lease obligations;Variants
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Synthetic Lease Obligations” means, as to any Person, an amount equal to the capitalized amount of the remaining lease payments under any Synthetic Lease (determined, in the case of a Synthetic Lease providing for an option to purchase the leased property, as if such purchase were required at the end of the term thereof) that would appear on a balance sheet of such Person prepared in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02, a Synthetic Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.

Synthetic Lease Obligationsmeans,shall mean, as to any Person,person, an amount equal to the capitalized amount of the remaining lease payments under any Synthetic Lease (determined, in the case of a Synthetic Lease providing for an option to purchase the leased property, as if such purchase were required at the end of the term thereof) that would appear on a balance sheet of such Person preparedperson in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02, a Synthetic Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.

Synthetic Lease Obligations” means,Obligation”: as to any Person, an amount equalPerson with respect to any Synthetic Lease at any time of determination, the capitalized amount of the remaining lease payments under anyliability of such Person in respect of such Synthetic Lease (determined, in the case of a Synthetic Lease providing for an option to purchase the leased property, as if such purchase were required at the end of the term thereof) that would appear(if such lease was required to be classified and accounted for as a capital lease on a balance sheet of such Person prepared in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02, a Synthetic Lease Obligation shallGAAP) be deemedrequired to be secured by a Liencapitalized on the property being leased andbalance sheet of such property shall be deemed to be owned by the lessee.Person at such time.

Synthetic Lease Obligationsmeans, asshall mean, with respect to any Person, an amount equalthe sum of # all remaining rental obligations of such Person as lessee under Synthetic Leases which are attributable to the capitalized amountprincipal and, without duplication, # all rental and purchase price payment obligations of the remaining lease paymentssuch Person under anysuch Synthetic Lease (determined, inLeases assuming such Person exercises the case of a Synthetic Lease providing for an option to purchase the leased property, as if such purchase were requiredlease property at the end of the term thereof) that would appear on a balance sheet of such Person prepared in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02, a Synthetic Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.lease term.

Synthetic Lease Obligations” means, as to any Person, an amount equal toObligation” means the capitalized amount of the remaining lease payments under any Synthetic Lease (determined, in the casemonetary obligation of a Synthetic Lease providing for an option to purchase the leased property, as if such purchase were required at the end of the term thereof) that would appear on a balance sheet of such Person prepared in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02,under a Synthetic Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.Lease.

Synthetic Lease Obligations” means, as to any Person, an amount equal toObligation” means the capitalized amount of the remaining lease payments under any Synthetic Lease (determined, in the casemonetary obligation of a Synthetic Lease providingPerson under # a so-called synthetic, off-balance sheet or tax retention lease, or # an agreement for an option to purchase the leased property, as if such purchase were required at the enduse or possession of the term thereof)property creating obligations that woulddo not appear on athe balance sheet of such Person preparedwhere such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02, a Synthetic Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.GAAP.

“Synthetic Lease Obligations” means, as toObligations” means any Person, an amount equal to the capitalized amount of the remaining lease paymentsliabilities under any Synthetic Lease (determined, in the case of a Synthetic Lease providing for an option to purchase the leased property, as if such purchase were required at the end of the term thereof) that would appear on a balance sheet of such Person prepared in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02, a Synthetic Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.Lease.

Synthetic Lease Obligations” means, as to any Person, an amount equal toObligation” means the capitalized amount of the remaining lease payments under any Synthetic Lease (determined, in the casemonetary obligation of a Synthetic Lease providingPerson under # a so‑called synthetic, off-balance sheet or tax retention lease, or # an agreement for an option to purchase the leased property, as if such purchase were required at the enduse or possession of the term thereof)property creating obligations that woulddo not appear on athe balance sheet of such Person preparedwhere such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations. For purposes of Section 6.02, a Synthetic Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.GAAP.

Synthetic Lease Obligations” means, as toObligation” means the monetary obligation of [[Organization C:Organization]] or any Person,of its Subsidiaries under # a so-called synthetic, off-balance sheet or tax retention lease, or # an amount equal toagreement for the capitalized amountuse or possession of the remaining lease payments under any Synthetic Lease (determined, in the case of a Synthetic Lease providing for an option to purchase the leased property, as if such purchase were required at the end of the term thereof)property creating obligations that woulddo not appear on athe balance sheet of such Person prepared in accordance with GAAP ifbut which, upon the insolvency or bankruptcy of such obligations were accounted forPerson, would be characterized as Capital Lease Obligations. For purposesthe indebtedness of Section 6.02, a Synthetic Lease Obligation shall be deemedsuch Person (without regard to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee.accounting treatment).

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