Capital Lease

Capital Lease. As applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person

Capital Lease. Any lease or similar arrangement that is classified as a capital lease pursuant to GAAP.

Capital Lease. Means any lease which, pursuant to GAAP, is required to be treated as a capital or financing lease, rather than an operating lease or true lease.

Capital Lease. All leases which have been or should be capitalized on the books of the lessee in accordance with GAAP.

Capital Lease. At any time any lease of Property which, in accordance with generally accepted accounting principles in the United States of America, would at such time be required to be capitalized on a balance sheet of the lessee

Capital Lease. Means, with respect to any Person which is the lessee thereunder, any lease or charter of property, real or personal, which would, in accordance with GAAP, be recorded as an asset under a capital lease on a balance sheet of such Person.

Capital Lease. Means any lease of property which, in accordance with generally accepted accounting principles, should be capitalized on the lessee's balance sheet or for which the amount of the asset and liability thereunder as if so capitalized should be disclosed in a note to such balance sheet; and Capitalized Lease Obligation means the amount of the liability which should be so capitalized or disclosed.

Capital Lease. Lease that is required to be capitalized for financial reporting purposes in accordance with GAAP

Capital Lease. Shall mean any lease of any property (whether real, personal or mixed) that, in conformity with GAAP, should be accounted for as a capital lease. For avoidance of doubt, the determination of whether a lease is a Capital Lease shall be based upon GAAP as in effect on the date hereof and without giving effect to any future modification of GAAP resulting in operating leases being recharacterized as capital lease obligations for accounting purposes.

Capital Lease. Any Indebtedness represented by a lease obligation incurred with respect to real property or equipment acquired or leased and used in its business that is required to be recorded as a capital lease in accordance with GAAP