Common use of Simple Interest Clause in Contracts

Simple Interest. The 2021-1 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 2021-1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-1)

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Simple Interest. The 20212023-1 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 20212023-1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2023-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2023-1)

Simple Interest. The 2021-1 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 2021-1 2 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents 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)

Simple Interest. The 2021-1 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 2021-1 3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-3)

Simple Interest. The 20212019-1 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 20212019-1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GMF Leasing LLC

Simple Interest. The 20212020-1 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 20212020-1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2020-1

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Simple Interest. The 20212022-1 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 20212022-1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents

Appears in 1 contract

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

Simple Interest. The 2021-1 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 2021-1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2021-1

Simple Interest. The 2021-1 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 2021-1 2 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2021-2

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