ALG Current Residual Value definition

ALG Current Residual Value means, with respect to a 2016-B Lease, the expected wholesale value of the related 2016-B Vehicle at its Maturity Date based on a residual value estimate of Book 5 (September edition) provided by the Automobile Lease Guide in September 2016.
Sample 1Sample 2
ALG Current Residual Value means, with respect to a 2021-A Lease, the expected wholesale value of the related 2021-A Vehicle at its Maturity Date based on a residual value estimate of Book 6 (November/December edition) provided by Automotive Lease Guide in November 2020.
Sample 1Sample 2
ALG Current Residual Value means, with respect to a 201[__]-[__] Lease, the expected wholesale value of the related 201[__]-[__] Vehicle at its Maturity Date based on a residual value estimate of [Book [___][ (________ edition)] provided by the Automobile Lease Guide in [_______].
Sample 1Sample 2Sample 3

Related to ALG Current Residual Value

  • ALG Residual Value means the residual of a 2023-2 Vehicle set forth as the ALG Residual Value in the lease schedule attached as Exhibit A to the 2023-2 SUBI Supplement, which shall be the lesser of (i) the ALG residual values of the 2023-2 Vehicles at the scheduled termination of the related 2023-2 Leases at the time the related 2023-2 Lease was signed and (ii) the ALG residual values of the 2023-2 Vehicles at the scheduled termination of the related 2023-2 Leases provided by ALG in July/August 2023.

  • Base Residual Value means, for a Lease, the lower of (a) the Contract Residual Value of the Lease and (b)(i) the ALG Residual Value of the related Leased Vehicle or (ii) if the Servicer does not have an ALG Residual Value, the oldest ALG MTM Residual Value that the Servicer has for the related Leased Vehicle.