This article is basically a case study. ABC Lessee has the right to purchase equipment at the end of its lease term for fair market value, as determined by the third party appraisal process after having provided the necessary notice to its lessor. The lessee provides timely notification to it...
This presentation aims to discuss accounting treatment for leases. According to FASB statement No.13, a lease is defined as “an agreement conveying the right to use property, plant, or equipment for a stated period of time”. It discusses few provisions such as: 1. A lease involves a lessee and a...
DUBLIN, Ireland, July 14 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited , a global lessor of modern, fuel-efficient commercial jet aircraft, today announced that it has leased and delivered two Boeing 757-200 aircraft to Ethiopian Airlines. Both aircraft had previously been leased to ATA Airlines in the United States....
COLUMBIA, Md., July 8 /PRNewswire-FirstCall/ -- Fortress International Group Inc. , a company providing comprehensive services for the planning, design, development and maintenance of mission critical facilities and information infrastructure, today announced it had been awarded an additional contract from an existing customer, DBT Data Corp., formerly Criticon, for...
NEW YORK -- Fitch Ratings places the following classes of Cobalt CMBS Commercial Trust commercial mortgage pass-through certificates, series 2006-C1 on Rating Watch Negative: --$3.2 million class M 'B+'; --$6.3 million class N 'B'; --$6.3 million class O 'B-'. The Rating Watch...
CHICAGO -- Fitch Ratings places the following class of COMM 2006-C8 Mortgage Trust commercial mortgage pass-through certificates on Rating Watch Negative: --$9.4 million class O at 'B+'. The Rating Watch Negative placement is due to the transfer to special servicing of the 12th largest loan (1.7%),...
Combination Will Drive 5-20% Savings for Fortune 500 Equipment Lessees WASHINGTON, June 26 /PRNewswire/ -- Ecologic Leasing Solutions announced today that it completed the acquisition of Captara Corporation, a San Francisco, Calif.-based lease management software company, which had been Ecologic's main competitor. "Captara software enables...
New York State Court of Appeals Property Valuation -- Lease Terms 936 Second Ave. LP v. Second Corporate Development Co. 1 No. 94 Appealed from the Appellate Division ...
- Mobile Application Lets Drivers Use Their Cell Phones to Manage Their Miles...and Save Thousands of Dollars on Their Leases - PASADENA, Calif. -- Millions of Americans who drive leased cars and trucks live in fear of excess miles charges - exorbitant fees that dealers charge drivers who...
New York State Court of Appeals Insurance Terrorist Acts TAG 380 LLC v. ComMet 380 Inc. 1 No. 79 Appealed from the Appellate Division Background: The facts giving rise to this...
DETROIT -- Vehicle quality continues to get better and better, a study released Wednesday by J.D. Power and Associates shows, but automakers still get tripped up when introducing new models. The annual Initial Quality Study, announced at an Automotive Press Association luncheon, shows overall quality up, with about...
CINCINNATI, June 4 /PRNewswire/ -- Swapalease.com the World's Largest Lease Marketplace announces Top Ten Lease Transfer Reasons. The list was compiled using a two-tier approach based on Swapalease.com user feedback. Results data was obtained directly from users through the web site as well as through employee user interaction,...
NEW YORK -- Fitch Ratings has removed from Rating Watch Negative affirmed and the ratings of Wirefree Partners III, LLC PCS Spectrum Lease-Backed Notes Series 2005-1 at 'BB+'. The notes are backed primarily by leases of Personal Communications Services PCS spectrum licenses. The lessees of the licenses are...
HAMILTON, Bermuda -- Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest lessor of intermodal containers based on fleet size, today reported that John A. Maccarone, President and CEO, will be interviewed on CNBC. The interview is expected to take place around 9:40 am EDT on May...
An emerging new method? Having been associated with the industry for many years as a lessee, lessor and now a consultant, I have seen a variety of ways in which equipment financiers view the tax benefits potentially associated with leasing. The purpose of this article is to...
Looking at recent equipment finance-related cases. This article is about three recent cases that address areas of interest to the equipment financing industry. Two of the cases address the same fundamental principle of equipment leasing, but reach very different conclusions: the third interprets an important provision of...
A good lease can be a good safety tool when it comes to managing the movements of hunters and cattle. Part three in a series of three. Hunting has been big business in the Southwest for quite some time. Now recreation and agri-tourism ventures are also...
Gov. Rendell expects to name the top bidder for the Pennsylvania Turnpike by the end of April, and then immediately submit a proposed lease to the legislature for approval. Under terms of a plan unveiled by the administration yesterday, the turnpike would be leased for 75 years to the private...
The U.S. Department of the Interior's Minerals Management Service MMS is proposing to amend its regulations to provide credit to lessees who relinquish certain eligible leases in the Gulf of Mexico. The amended regulations will also define the eligible leases and establish how those credits may be used. This...
Silverstein Properties Selects Mirage for Agentless Network Access Control AUSTIN, Texas -- Mirage Networks, developer of full-cycle Network Access Control NAC solutions, today announced that Silverstein Properties, lessee and developer of New York City's World Trade Center WTC, has selected Mirage Networks' NAC solution for its office headquarters,...
