How is Computer Lease defined in a legal contract?
- Computer Lease means a lease or other agreement under which computer equipment situated in one or more facilities is rented either to the property owner or to the manager acting on behalf of the owner. This includes the license, if any, of operating software for the computer equipment. Seen in 6 SEC filings.
- Computer Lease means an agreement where a party leases, including the license if any for operating software, computer equipment located at a facility. Seen in 3 SEC filings.
Note: The third definition was omitted due to presence of specific organizational information.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of computer lease' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Computer Lease means a contract where a party leases computer equipment, including any necessary operating software, located in one or more locations.
Relevant Contract Type
Relevant Circumstances
- When an organization needs to lease computers for operational needs.
- When the leasing party owns multiple locations and computers are needed in each.
Relevant Sectors
Genie Definition 2
Computer Lease means an arrangement where computer equipment, with requisite operating software, is leased to a property owner or property manager.
Relevant Contract Type
Relevant Circumstances
- When a property owner or manager requires computers for their property (e.g., hotels, commercial buildings).
- When computers and software are integral to the operations of the leased property.
Relevant Sectors
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Computer Lease means a contract where a party leases computer equipment, including any necessary operating software, located in one or more locations.
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