Adjusted Capitalized Cost definition

Adjusted Capitalized Cost means, for each Closed-End Lease, the difference between (i) the sum of (a) the price of the Closed-End Vehicle agreed upon between the Dealer and the Closed-End Obligor, plus (b) the cost of any items that the Closed-End Obligor pays over the term of the Closed-End Lease, such as taxes, fees, service contracts, insurance and other related products, and (ii) the amount of any net trade-in allowance, rebate, non-cash credit or cash paid by the Closed-End Obligor.

Adjusted Capitalized Cost means the amount computed by subtracting from capitalized cost any capitalized cost reduc- tion, for the purpose of determining the base periodic payment.

Adjusted Capitalized Cost means, for a Lease, (a) the sum of (i) the agreed on value of the related Leased Vehicle, plus (ii) any items the Lessee agrees to pay over the original term of the Lease, minus (b) any amounts paid by the Lessee that reduce the amount in clause (a).

Examples of Adjusted Capitalized Cost in a sentence

• The Lease (if not an Advance Payment Plan Lease) provides for monthly payments in U.S. dollars in an amount equal to the sum of (i) a level scheduled payment that provides a fixed internal rate of return and amortizes the Adjusted Capitalized Cost stated in the Lease to the Contract Residual Value of the related Leased Vehicle over the term of the Lease, plus (ii) other fees and taxes on the Lease.

• Test 3.3(j) — 9: Adjusted Capitalized Cost Observe the “Your payment is determined as shown below” section of the Lease and confirm that “Gross capitalized cost” minus “Capitalized cost reduction” equals “Adjusted capitalized cost.” Test 3.3(j) — 10: Term Observe the “Payments” box on the Lease and confirm it matches the “Lease payments” in the “Your payment is determined as shown below” section.

• Test 3.3(j) – 9: Adjusted Capitalized Cost Observe the "Your payment is determined as shown below" section of the Lease and confirm that "Gross capitalized cost" minus "Capitalized cost reduction" equals "Adjusted capitalized cost." Test 3.3(j) – 10: Term Observe the "Payments" box on the Lease and confirm it matches the "Lease payments" in the "Your payment is determined as shown below" section.

• We recomputed the Adjusted Capitalized Cost as the difference between the Gross Capitalized Cost and the Capital Cost Reduction, calculated as the “Total Price” amount less the sum of the “Cash Down Payment” and “Net Trade-in Allowance” amounts, as set forth in the Source Document, and compared this amount to the Adjusted Capitalized Cost, set forth as “Cap Cost Amt” noted in the Data File.

• The Insured shall not change its current methodology or practices with respect to its LeMans system as it relates to the determination of Initial Adjusted Capitalized Cost, Amortized Value, Book Cost or depreciation.

More Definitions of Adjusted Capitalized Cost

Adjusted Capitalized Cost means, with respect to any Lease, including any Extended Lease, the amount used to calculate the Base Monthly Payment for such Lease.

Adjusted Capitalized Cost means, with respect to any Lease and the related Leased Vehicle, the Gross Capitalized Cost less the Capitalized Cost Reduction, which amount is used in calculating the Monthly Payment.

Adjusted Capitalized Cost means the capitalized cost less any capitalized cost reduction payment made by the retail lessee at the inception of the lease agreement and any net trade-in allowance granted by the retail lessor.

Adjusted Capitalized Cost means the agreed upon amount which

Adjusted Capitalized Cost means the amount which serves as the basis for determining the base lease payment, computed by subtracting from the capitalized cost any capitalized cost reduction.

Adjusted Capitalized Cost means the amount computed by subtracting from capitalized cost any ca- pitalized cost reduction, for the purpose of determining the base lease payment.

Adjusted Capitalized Cost means the gross capitalized cost, less the capitalized cost reduction, and is the amount used by the retail lessor in calculating the base periodic payment in the lease agreement.