ALG Residual Value definition

ALG Residual Value means the residual value of the vehicle set forth as the ALG Residual Value in the Lease schedule attached as Exhibit A hereto, which shall be the lesser of (i) the ALG residual values of the 2015-2 Vehicles at the scheduled termination of the related 2015-2 Leases at the time the related 2015-2 Lease was signed and (ii) the ALG residual values of the 2015-2 Vehicles at the scheduled termination of the related 2015-2 Leases provided by ALG in August 2015.

ALG Residual Value means, for a Lease, the expected value of the related Leased Vehicle at the related Scheduled Lease End Date, calculated using the residual factors supplied by Automotive Lease Guide in effect as of the date the related Lease was originated.

ALG Residual Value means, with respect to a 2023-A Lease, the expected wholesale value of a 2023-A Vehicle at its Maturity Date based on a residual value estimate provided by the X.X. Power-ALG at the time such 2023-A Lease was originated.

Examples of ALG Residual Value in a sentence

• Exhibit A shall set forth as to each 20[__]-[__] Lease or 20[__]-[__] Vehicle, as the case may be, the (i) vehicle identification number, (ii) date of origination, (iii) the Securitization Value as of the Cutoff Date, (iv) ALG Residual Value, (v) the Monthly Payment and (vi) number of months remaining from the Cutoff Date to the month in which the Maturity Date occurs.

• Exhibit A shall set forth as to each 20[__]-[__] Lease or 20[__]-[__] Vehicle, as the case may be, the (i) vehicle identification number, (ii) date of origination, (iii) Securitization Value as of the Cutoff Date, (iv) ALG Residual Value, (v) Monthly Payment, (vi) Contract Residual Value and (vii) number of months remaining from the Cutoff Date to the month in which the Maturity Date occurs.

• Exhibit A shall set forth as to each 2016-1 Lease or 2016-1 Vehicle, as the case may be, the (i) vehicle identification number, (ii) date of origination, (iii) Securitization Value as of the Cutoff Date, (iv) ALG Residual Value, (v) Monthly Payment, (vi) Contract Residual Value and (vii) number of months remaining from the Cutoff Date to the month in which the Maturity Date occurs.

• Exhibit A shall set forth as to each 2023-2 Lease or 2023-2 Vehicle, as the case may be, the (i) vehicle identification number, (ii) date of origination, (iii) Securitization Value as of the Cutoff Date, (iv) ALG Residual Value, (v) Monthly Payment, (vi) Contract Residual Value and (vii) number of months remaining from the Cutoff Date to the month in which the Maturity Date occurs.

• Exhibit A shall set forth as to each 2016-1 Lease or 2016-1 Vehicle, as the case may be, the (i) vehicle identification number, (ii) date of origination, (iii) ALG Residual Value, (iv) Contract Residual Value, (v) Securitization Value as of the Cutoff Date, (vi) Monthly Payment and (vii) number of months remaining from the Cutoff Date to the month in which the Maturity Date occurs.

More Definitions of ALG Residual Value

ALG Residual Value means (a) the residual value percentage estimate published by ALG for the appropriate Closed-End Vehicle and term by (b) the lower of (i) the actual MSRP and (ii) MRM published by ALG, in each case, at the time of origination of the lease for such Closed-End Vehicle.

ALG Residual Value means the residual value of the vehicle set forth as the ALG Residual Value in the Lease schedule attached as Exhibit A hereto.

ALG Residual Value means, with respect to a Leased Vehicle subject to a Closed-End Lease, an amount equal to the residual percentage of the manufacturer’s suggested retail price of such Leased Vehicle specified in the ALG Residual Percentage Guide published by Automotive Lease Guide for the make and model of such Leased Vehicle and the lease term of such Closed-End Lease.

ALG Residual Value means, with respect to a 201[__]-[__] Lease, the expected wholesale value of a 201[__]-[__] Vehicle at its Maturity Date based on a residual value estimate provided by the Automobile Lease Guide at the time such 201[__]-[__] Lease was originated.

ALG Residual Value means the residual of a 20[__]-[__] Vehicle set forth as the ALG Residual Value in the lease schedule attached as Exhibit A to the 20[__]-[__] SUBI Supplement, which shall be the lesser of (i) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases at the time the related 20[__]-[__] Lease was signed and (ii) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases provided by ALG in [________] 20[__].

ALG Residual Value means the residual value of the vehicle set forth as the ALG Residual Value in the lease schedule attached as Exhibit A hereto, which shall be the lesser of (i) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases at the time the related 20[__]-[__] Lease was signed and (ii) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases provided by ALG in [_________] 20[__].

ALG Residual Value means (a) the residual value percentage estimate published by ALG for the appropriate Closed-End Vehicle and term by (b) the lesser of (i) the actual MSRP and (ii) MRM published by ALG, in each case, at the time of origination of the lease for such Closed-End Vehicle.