Synthetic Lease

Example Definitions of "Synthetic Lease"
Synthetic Lease. Means a lease of property or assets designed to --------------- permit the lessee (a) to claim depreciation on such property or assets under U.S. tax law and (b) to treat such lease as an operating lease or not to reflect the leased property or assets on the lessee's balance sheet under GAAP.
Found in CoreLogic contract
Synthetic Lease. Means Shall mean a lease of property or assets Property designed to permit --------------- permit the lessee (a) to claim depreciation on such property or assets Property under U.S. tax law and (b) to treat such lease as an operating lease or not to reflect the leased property or assets Property on the lessee's balance sheet under GAAP.
Found in CoreLogic contract
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Synthetic Lease. Shall mean the Lease Agreement dated as of June 23, 2000 between Midwest and Synthetic Lease Trust.
Found in MIDWEST GENERATION LLC contract
Synthetic Lease. Shall mean Means the Lease Agreement dated as of June 23, 2000 between Midwest and Synthetic Lease Trust.
Found in MIDWEST GENERATION LLC contract
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