Common use of Simple Interest Clause in Contracts

Simple Interest. The 2020-1 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 2020-1 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 2020-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-1)

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Simple Interest. The 20202019-1 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 20202019-1 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 20202023-1 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 20202023-1 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 2023-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2023-1)

Simple Interest. The 20202021-1 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 20202021-1 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 2021-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-1)

Simple Interest. The 20202021-1 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 20202021-1 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: 2021 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-1)

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Simple Interest. The 20202019-1 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 20202019-1 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: 2019 1 Exchange Note Supplement (GMF Leasing LLC)

Simple Interest. The 2020-1 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 2020-1 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: 2020 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-1)

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