Common use of Direct Finance Lease Receivables Component of Borrowing Base Clause in Contracts

Direct Finance Lease Receivables Component of Borrowing Base. 1. Net Present Value2/ of Direct Finance Lease Receivables (other than Direct Finance Lease Receivables included in the calculation of A above): $ 2/ The discounted present value of Direct Finance Lease Receivables, discounted at the Direct Finance Lease Rate per annum of the remaining term of the applicable Direct Finance Lease. 2. Formula Percentage: 90% 3. Direct Finance Lease Receivables Borrowing Base Component (Item C1 multiplied by Item C2): $

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (CAI International, Inc.), Revolving Credit and Term Loan Agreement (CAI International, Inc.), Revolving Credit and Term Loan Agreement (CAI International, Inc.)

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Direct Finance Lease Receivables Component of Borrowing Base. 1. Net Present Value2/ of Direct Finance Lease Receivables (other than Direct Finance Lease Receivables included in the calculation of A above): $ 2/ The discounted present value Value2 of Direct Finance Lease Receivables, discounted at the Direct Finance Lease Rate per annum of the remaining term of the applicable Direct Finance Lease.: $ 2. Formula Percentage: 9085% 3. Direct Finance Lease Receivables Borrowing Base Component (Item C1 B1 multiplied by Item C2B2): $

Appears in 1 contract

Samples: Term Loan Agreement (CAI International, Inc.)

Direct Finance Lease Receivables Component of Borrowing Base. 1. Net Present Value2/ Value of Direct Finance Lease Receivables (other than Direct Finance Lease Receivables included in the calculation of A above): $ 2/ The discounted present value of Direct Finance Lease Receivables, discounted at the Direct Finance Lease Rate per annum of the remaining term of the applicable Direct Finance Lease.4 2. Formula Percentage: 90% 3. Direct Finance Lease Receivables Borrowing Base Component (Item C1 multiplied by Item C2): $

Appears in 1 contract

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Direct Finance Lease Receivables Component of Borrowing Base. 1. Net Present Value2/ of Direct Finance Lease Receivables (other than Direct Finance Lease Receivables included in the calculation of A above): $ 2/ The discounted present value Value2 of Direct Finance Lease Receivables, discounted at the Direct Finance Lease Rate per annum of the remaining term of the applicable Direct Finance Lease.: $ 2. Formula Percentage: 9085.00% 3. Direct Finance Lease Receivables Borrowing Base Component (Item C1 B1 multiplied by Item C2B2): $

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, Inc.)

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Direct Finance Lease Receivables Component of Borrowing Base. 1. Net Present Value2/ of Direct Finance Lease Receivables (other than Direct Finance Lease Receivables included in the calculation of A above): $ 2/ The discounted present value Value3/ of Direct Finance Lease Receivables, discounted at the Direct Finance Lease Rate per annum of the remaining term of the applicable Direct Finance Lease.: $_______________ 2. Formula Percentage: 90% 3. Direct Finance Lease Receivables Borrowing Base Component (Item C1 multiplied by Item C2): $_______________

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, Inc.)

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