Common use of Monthly Variable Rent Clause in Contracts

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (i) the sum of: (A) all interest that has accrued on the French Advances during the Interest Period for the French Advances ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, plus (B) all French Carrying Charges with respect to such Payment Date, and (ii) the quotient (the “VR Quotient”) obtained by dividing: (A) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) by (B) the aggregate Net Book Values as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.

Appears in 4 contracts

Samples: Master Lease and Servicing Agreement (Hertz Corp), French Master Lease and Servicing Agreement (Hertz Corp), French Master Lease and Servicing Agreement (Hertz Corp)

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Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (iA) the sum of: (Aa) all interest that has accrued on the French Advances Dutch Note during the Interest Period for the French Advances Dutch Note ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, ; plus (Bb) all French Dutch Carrying Charges with respect to such Payment Date, ; and (iiB) the quotient (the “VR Quotient”) obtained by dividing: (Aa) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) ); by (Bb) the aggregate Net Book Values Value as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.

Appears in 2 contracts

Samples: Dutch Master Lease and Servicing Agreement (Hertz Corp), Dutch Master Lease and Servicing Agreement (Hertz Corp)

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (i) the sum of: (A) all interest that has accrued on the French Advances during the Interest Period for the French Advances ending on the second Business Day WEIL:\96789894\1\52396.0010 immediately preceding the Determination Date immediately preceding such Payment Date, plus (B) all French Carrying Charges with respect to such Payment Date, and (ii) the quotient (the “VR Quotient”) obtained by dividing: (A) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) by (B) the aggregate Net Book Values as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.

Appears in 1 contract

Samples: French Master Lease and Servicing Agreement (Hertz Corp)

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (iA) the sum of: (Aa) all interest that has accrued on the French Advances Dutch Note during the Interest Period for the French Advances Dutch Note ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, ; plus (Bb) all French Dutch Carrying Charges with respect to such Payment Date, ; and (iiB) the quotient (the “VR Quotient”) obtained by dividing: : 63 ◦ (Aa) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) by ); by ◦ (Bb) the aggregate Net Book Values Value as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.

Appears in 1 contract

Samples: Dutch Master Lease and Servicing Agreement (Hertz Corp)

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (iA) the sum of: (Aa) all interest that has accrued on the French Advances Dutch Note during the Interest Period for the French Advances Dutch Note ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, ; plus (Bb) all French Dutch Carrying Charges with respect to such Payment Date, ; and (iiB) the quotient (the “VR Quotient”) obtained by dividing: (Aa) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) ); by (Bb) the aggregate Net Book Values Value as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.. 12A37279892 WEIL:\96789896\1\52396.0010

Appears in 1 contract

Samples: Dutch Master Lease and Servicing Agreement (Hertz Corp)

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (i) the sum of: (A) all interest that has accrued on the French Advances during the Interest Period for the French Advances ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, plus (B) all French Carrying Charges with respect to such Payment Date, and (ii) the quotient (the “VR Quotient”) obtained by dividing:: WEIL:\96789894\1\52396.0010 (A) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) by (B) the aggregate Net Book Values as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.

Appears in 1 contract

Samples: French Master Lease and Servicing Agreement (Hertz Corp)

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (i) the sum of: (Aa) all interest that has accrued on the French Advances Dutch Notes during the Interest Period for the French Advances Dutch Notes ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, ; plus (Bb) all French Dutch Carrying Charges with respect to such Payment Date, ; and (ii) the quotient (the “VR Quotient”) obtained by dividing: (Aa) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) ); by (Bb) the aggregate Net Book Values Value as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.

Appears in 1 contract

Samples: Dutch Master Lease and Servicing Agreement (Hertz Corp)

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Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (iA) the sum of: (Aa) all interest that has accrued on the French Advances Dutch Note during the Interest Period for the French Advances Dutch Note ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, ; plus (Bb) all French Dutch Carrying Charges with respect to such Payment Date, ; and (iiB) the quotient (the “VR Quotient”) obtained by dividing: (Aa) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) ); by (Bb) the aggregate Net Book Values Value as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.. 63

Appears in 1 contract

Samples: Dutch Master Lease and Servicing Agreement (Hertz Corp)

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, WEIL: or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (i) the sum of: (A) all interest that has accrued on the French Advances during the Interest Period for the French Advances ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, plus (B) all French Carrying Charges with respect to such Payment Date, and (ii) the quotient (the “VR Quotient”) obtained by dividing: (A) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) by (B) the aggregate Net Book Values as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.

Appears in 1 contract

Samples: French Master Lease and Servicing Agreement (Hertz Corp)

Monthly Variable Rent. The “Monthly Variable Rent” for each Payment Date and each Lease Vehicle other than a Lease Vehicle which was a Credit Vehicle on the last day of the Related Month with respect to such Payment Date (w) leased hereunder as of the last day of the Related Month with respect to such Payment Date, (x) the Disposition Date in respect of which occurred during such Related Month, or (y) that was purchased by the applicable Lessee during such Related Month, in each case shall equal to the product of: (iA) the sum of: (Aa) all interest that has accrued on the French Advances Dutch Note during the Interest Period for the French Advances Dutch Note ending on the second Business Day immediately preceding the Determination Date immediately preceding such Payment Date, ; plus (Bb) all French Dutch Carrying Charges with respect to such Payment Date, ; and (iiB) the quotient (the “VR Quotient”) obtained by dividing: (Aa) the Net Book Value of such Lease Vehicle as of the last day of such Related Month (or, if earlier, the Disposition Date with respect to such Lease Vehicle) ); by (Bb) the aggregate Net Book Values Value as of the last day of such Related Month (or, in any such case, if earlier, the Disposition Date of such Lease Vehicle) of all such Lease Vehicles leased by the Lessor to the Lessees.. A37279892 12 WEIL:\96789896\1\52396.0010

Appears in 1 contract

Samples: Dutch Master Lease and Servicing Agreement (Hertz Corp)

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