Common use of Monthly Lease Payment Clause in Contracts

Monthly Lease Payment. The Monthly Lease Payment for a Lease shall be calculated in accordance with the method that the Lease Provider uses in its usual course of business for the Lease type requested by the Authorized User, and shall use the Vehicle prices set forth by the Contractor on the applicable Form B (Class 1-2): Mini-Bid Response as a basis for the calculation. Upon request by the Authorized User, the Lease Provider shall provide the Authorized User with a detailed breakdown of the Monthly Lease Payment calculation. Such detailed breakdown shall include, as applicable, the Lease Provider Acquisition Fee, Vehicle Capitalized Cost, Residual Value Percentage, Vehicle Residual Value, Vehicle Depreciation Amount, and Money Factor.

Monthly Lease Payment. The Monthly Lease Payment for a Lease shall be calculated in accordance with the method that the Lease Provider uses in its usual course of business for the Lease type requested by the Authorized User, and shall use the Vehicle prices set forth by the Contractor on the applicable Form B (Class 1-2): their Mini-Bid Response response as a basis for the calculation. Upon request by the Authorized User, the Lease Provider shall provide the Authorized User with a detailed breakdown of the Monthly Lease Payment calculation. Such detailed breakdown shall include, as applicable, the Lease Provider Acquisition Fee, Vehicle Capitalized Cost, Residual Value Percentage, Vehicle Residual Value, Vehicle Depreciation Amount, and Money Factor.