A Standard Clause providing that a lessor and lessee have entered into a finance lease, a special kind of lease defined in Uniform Commercial Code (UCC) Article 2A. It can help demonstrate the parties' intent to enter into a UCC finance lease and to distinguish an equipment lease from an equipment sale subject to a security interest, which can protect the lessor in case of the lessee's bankruptcy. This Standard Clause has integrated notes with important explanations and drafting tips.