Casualty Value. The Casualty Value of the Equipment shall at any time be the greater of (a) Fair Market Value at such time or (b) as of the date of shipment from the Vendor, 110% of Equipment Cost, such amount to decrease from month to month thereafter by 1.69% of Equipment Cost.
Casualty Value. Lessor may become entitled to the Casualty Value, which shall be Lessor’s anticipated benefit of its bargain and profit from this Lease transaction (to which it will specifically be entitled). The Casualty Value, as stipulated to herein, includes amounts attributed by the parties to (and a loss to Lessor upon a Loss or Event of Default is dependent in part upon) unpaid Rental Payments to become due, the Lessor’s Basis (defined as the original cost of the Equipment) and Soft Cost Items to Lessor, the unrealized anticipated value of the Equipment to Lessor, the future observance by Lessee of its nonrental Lease obligations for the benefit of Lessor for the Term and then only to the extent that Lessor continues to own the Equipment, and Lessor’s minimum anticipated proceeds from the future retail sale or lease of the Equipment to Lessee or another customer. The parties agree that the Casualty Value will, as liquidated damages and not as a penalty, be the following (together with related Taxes): Calculated by a separate document executed at the time of the Schedule which provides a month by month Table displaying the percentage of the Lessor’s Basis as the amount of the Casualty Value for the respective month.
Casualty Value. The Casualty Value from time to time for any item of -------------- Equipment subject to a Schedule shall be an amount equal to the greater of (1) the item of Equipment's installed/in-place fair market value at the time of the Casualty Value determination, or (2) 110% of the Item(s) of Equipment cost as of the Acceptance Date, declining in even monthly steps to 20% at expiration and remaining at that value thereafter.
Casualty Value. After the conclusion of the thirteenth (13th) month of the Term or at any time upon an actual or constructive total loss of the Equipment, Lessee may prepay any amounts or obligations due under the Lease or this Lease Schedule (the "Casualty Value") in accordance with the Casualty Value Schedule, attached hereto as Schedule A.1. Lessee shall submit, at Lessee's option, the full pre-payment amount to Lessor on the fifteenth (15th) day of the month; provided, however, Lessee shall have previously made such month's Basic Rent payment in accordance with the Lease and this Lease Schedule.
Casualty Value. Total Loss The "Casualty Value" of a container or chassis shall be calculated in accordance with Schedule 1. A container or chassis shall be considered a "Total Loss" in the event it is lost, stolen, destroyed, or surveyed and found to be more costly to repair than its Casualty Value.
Casualty Value. The aggregate Casualty Value on account of all Casualty Losses occurring after the date hereof and prior to the Closing does not exceed an amount equal to ten percent (10%) of the Purchase Price.
Casualty Value. The casualty value, as calculated from time to time by Lessor, shall be equal to one hundred and two percent (102%) of the Aggregate Acquisition Cost reduced over time by applying Rent payments first to interest calculated at a rate per annum equal to the Prime Rate in effect on the commencement date as published by the Wall Street Journal plus two percent (2%), and second to reduce the unamortized principal ("Casualty Value"). In the event that the Lessor does not receive the Casualty Value as provided for in the Lease Agreement on or before the Rent payment date next following an Event of Loss, the Lessee shall pay the Lessor for the period of time beginning with the (Rev d 3/95) 81 SCHEDULE 4.5(e) [PAGES 1-46 DELETED] 82 SCHEDULE 4.6 [PAGES 1-3 DELETED] 83 SCHEDULE 4.7 [PAGES 1-4 DELETED] 84 SCHEDULE 4.9 Schedule 4.9 COMMERCIAL PACKAGE
Casualty Value. The Casualty Value for any Item shall be the greater of the cost to replace the Item with like Equipment in good repair, condition, and working order, or the total of the remaining Periodic Rental payments.
Casualty Value. The Casualty Value of the Equipment shall be determined in accordance with Annex A hereto.
Casualty Value. Renewal Term Basic Rent is computed by multiplying the Total Equipment Cost by the Renewal Lease Rate set forth on the attached Schedule A. The Casualty Value for the Equipment during the Renewal Lease Term or any extension thereof shall be thirty five percent of the original equipment cost for each item of Equipment.
