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.
The Adjusted Capitalized Cost as of the date you and we sign the lease and before application of the first monthly lease payment is shown in paragraph 2 g iii.
For these purposed each monthly payment will be allocated when we receive it first to taxes, then to lease charges which have accrued on the basis of a 365-day year since the prior monthly payment on the outstanding Adjusted Capitalized Cost and finally to reduce the outstanding Adjusted Capitalized Cost.