Variation of Rental, Residual Value and Casualty and Termination Value – Lease Sample Clauses

Variation of Rental, Residual Value and Casualty and Termination Value – Lease. This clause 4.2 applies only if you have a Lease. The Lender may (at its discretion) vary the Rental, the Residual Value and the Casualty and Termination Value applicable to the Goods where in its reasonable opinion, the tax effect of its ownership of the Goods or the Document or its participation in the transactions under or contemplated by the Document is not or will not be as assumed in its original calculation of its pre-tax rate of return. If the Document has expired or terminated in relation to all or any of the Goods, you will pay promptly a lump sum by way of adjustment, as calculated by the Lender. The variation or adjustment will be as necessary in the opinion of the Lender so as to yield the Lender the pre-tax rate of return which it would have received had such event not occurred. In each case the return will be calculated on the same basis and in the same manner as the Lender certifies was originally used in determining the Rental, Residual Value or the Casualty and Termination Value of the Goods. The Lender will notify you of such a variation in writing, no later than 5 Business Days before the date that the variation takes effect.
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Related to Variation of Rental, Residual Value and Casualty and Termination Value – Lease

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