Common use of Simple Interest Clause in Contracts

Simple Interest. The 2017-1 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 2017-1 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 (GMF Leasing LLC), Asset Representations Review Agreement (GMF Leasing LLC)

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Simple Interest. The 20172016-1 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 20172016-1 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 (GMF Leasing LLC), Asset Representations Review Agreement (GMF Leasing LLC)

Simple Interest. The 20172016-1 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 20172016-1 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 2 contracts

Samples: 2016 2 Exchange Note Supplement (GMF Leasing LLC), 2016 2 Exchange Note Supplement (GMF Leasing LLC)

Simple Interest. The 20172018-1 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 20172018-1 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 (GMF Leasing LLC), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2018-1)

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Simple Interest. The 2017-1 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 2017-1 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 2017-2), Asset Representations Review Agreement (GMF Leasing LLC)

Simple Interest. The 20172016-1 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 20172016-1 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 (GMF Leasing LLC), Asset Representations Review Agreement (GMF Leasing LLC)

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