Common use of Simple Interest Clause in Contracts

Simple Interest. The 2021-2 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 2021-2 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 2021-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-2)

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Simple Interest. The 20212020-2 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 20212020-2 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 2020-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-2)

Simple Interest. The 20212022-2 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 20212022-2 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 2022-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-2)

Simple Interest. The 20212018-2 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 20212018-2 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 2018-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2018-2)

Simple Interest. The 20212023-2 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 20212023-2 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 2023-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2023-2)

Simple Interest. The 2021-2 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 2021-2 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: 2021 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-2)

Simple Interest. The 20212022-2 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 20212022-2 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: 2022 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-2)

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Simple Interest. The 20212023-2 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 20212023-2 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: 2023 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-2)

Simple Interest. The 20212020-2 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 20212020-2 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: Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-2)

Simple Interest. The 20212019-2 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 20212019-2 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: 2019 2 Exchange Note Supplement (GMF Leasing LLC)

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