Residual Value. The Residual Value of each Series 1996-1 Leased Vehicle does not exceed an amount established by the Administrative Agent consistent with its policies and practices regarding the setting of residual values as applied with respect to closed-end retail automobile and light-duty truck leases.
Residual Value. Notwithstanding clause 23(a) but subject to clauses 25 and 26 the Lessee is liable and shall pay the Residual Value to BMW at the earlier of the expiry or termination of this Lease.
Residual Value. Nothing in this Lease shall be construed to be a guarantee by Lessee of any particular residual value of the Aircraft, provided, however, that this Section 20(e) shall not reduce Lessee's obligations otherwise set forth in this Lease.
Residual Value. The value of the vehicle at the end of the lease used in calculating your base monthly payment $ (For monthly and single payment transactions:
Residual Value. In the event of an occurrence giving rise to a claim recoverable within the terms and conditions of this policy, the residual value of any equipment and/or materials used or purchased by the Assured in respect of such occurrence xxxx insure to the benefit of Underwriters in the adjustment of such claim.
Residual Value. ___0___ of the invoice purchase price of each item.
Residual Value. 3.6.1 The Lessee has acquired or constructed immovable assets for purposes of the Project. These assets form part of the Project Assets.
3.6.2 The Lessee shall furnish its determination of the Residual Value of the immovable New Project Assets at the Effective Date, within 30 Business Days of the Signature Date.
3.6.3 The Residual Value Date at the Effective Date as furnished by the Lessee shall be subject to a due diligence by the Lessor. In such due diligence the Lessor’ auditors shall undertake a physical and value verification of the immovable assets underlying the Residual Value and make a determination as to the correct Residual Value at the Effective Date pursuant thereto. In the event that the determination made by the Lessor’ auditors differs from that furnished by the Lessee, the determination made by the Lessor’ auditors shall be final and binding on the parties. In making such determination the Lessor’ auditors shall be deemed not to be arbitrators, shall render their determination as experts and the provisions of the Arbitration Act, 1965 and any other law relating to arbitration, shall not apply to the Lessor’ auditors or their determination or the procedure whereby they reach their determination.
3.6.4 The Residual Value of the immovable Project Assets at the Effective Date as determined pursuant to the due diligence conducted by the Lessor, will be annexed as per Annexure E.
Residual Value. It is agreed that the total periodic payments are based on an appraisal value of $12,714.00 at the termination of the lease. ---------- . INSTALLATION SITE: The equipment listed on the supplement will be located/installed at: 00 XXXXXX XXXX, PALMERSTON, OTAGO, NEW ZEALAND. Duly executed for and on behalf of: TOTAL ENERGY SYSTEMS (N.Z.) LIMITED -------------------------------------------- By its duly authorised officer: /s/ X. X. Xxxxxx ----------------------------------------------- Please print name: X. X. Xxxxxx Title: Director ------------ --------------------------------------- Date: 10/10/95 --------- ACCEPTED for and on behalf of GE Capital (NZ) Limited by its duly authorised Officer on the ___ day of ____________ 1995 ____________________________________________ Authorised Officer GE Capital (NZ) Limited a company incorporated in New Zealand and having its registered office GE Technical Services, Xxxxx 0, 00 Xxxxxxx Xxxxxx, Xx Xxxx, Xxxxxxxx, Xxx Xxxxxxx. GE CAPITAL (NZ) LIMITED CERTIFICATE OF ACCEPTANCE ________________________________________________________________________________ I/We refer to Master Lease Agreement No: NZ0824 dated _______, ------ between us, and to Supplement NZ0824S1 prepared and dated 05/10/95. -------- ________________________________________________________________________________ I/We hereby confirm and certify to you that:
Residual Value. If the Parties fail to agree that any Collaboration Work Product which has not been successfully commercialized pursuant to Section 3.9. has no significant residual value, then the Parties will pursue the following alternatives in the order presented:
(i) one Party may buy out the relevant Collaboration Work Product from the other Party on negotiated terms;
(ii) the Parties may agree to commercialize the relevant Collaboration Work Product pursuant to Section 3.8.; or
(iii) the Parties may apportion and distribute the rights in the relevant Collaboration Work Product based on its value in accordance with their respective share of Gross Revenues (determined under Section 4.2.).
