Estimated residual value. (a) Recovery of investment and costs. A national bank’s estimate of the resid- ual value of the property that the bank relies upon to satisfy the requirements of a full-payout lease, for purposes of this subpart:
Estimated residual value. The “Estimated Residual Value” for each item on the Schedule of Equipment is shown on that Schedule.
Estimated residual value. The Estimated Residual Value of the Equipment shall be calculated as thirty-five percent (35%) of the Capitalized Lessor's Cost of the Equipment. This Schedule is not binding or effective with respect to the Agreement or Equipment until executed on behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee, respectively.
