Define: Capital Lease Obligation
What does "Capital Lease Obligation" mean? The meaning differs based on the contract. We found 3 definitions across 2 companies in SEC filings.
Definition 1 (CARNIVAL CORP, seen in 1 filing)
Capital Lease Obligation means with respect to any Person, any obligation of such Person under a lease of (or other agreement conveying the right to use) any property (whether real, personal or mixed), which obligation is required to be classified and accounted for as a finance lease obligation under GAAP, and, for purposes of this Agreement, the amount of such obligation at any date will be the capitalized amount thereof at such date, determined in accordance with GAAP and the Stated Maturity thereof will be the date of last payment of rent or any other amount due under such lease prior to the first date such lease may be terminated without penalty.
Source: CARNIVAL CORP 10-K
Definition 2 (CARNIVAL CORP, seen in 1 filing)
Capital Lease Obligation means with respect to any Person, any obligation of such Person under a lease of (or other agreement conveying the right to use) any property (whether real, 15 personal or mixed), which obligation is required to be classified and accounted for as a finance lease obligation under GAAP, and, for purposes of this Agreement, the amount of such obligation at any date will be the capitalized amount thereof at such date, determined in accordance with GAAP and the Stated Maturity thereof will be the date of last payment of rent or any other amount due under such lease prior to the first date such lease may be terminated without penalty.
Source: CARNIVAL CORP 10-Q
Definition 3 (CHARTER COMMUNICATIONS, INC. /MO/, seen in 1 filing)
Capital Lease Obligation means at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP.
Source: CHARTER COMMUNICATIONS, INC. /MO/ S-1
Data extracted from 6 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.