Common use of Simple Interest Clause in Contracts

Simple Interest. The 2024-2 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-2 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-2)

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Simple Interest. The 2024-2 3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-2 3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3)

Simple Interest. The 2024-2 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-2 1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-1)

Simple Interest. The 2024-2 3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-2 3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Samples: 2024 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-3)

Simple Interest. The 2024-2 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-2 1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Samples: 2024 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-1)

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Simple Interest. The 2024-2 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-2 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Samples: 2024 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-2)

Simple Interest. The 20242022-2 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242022-2 1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 1 contract

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-1)

Simple Interest. The 20242023-2 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242023-2 1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Samples: 2023 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-1)

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