Examples of 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.
With respect to any Lease Vehicle to be leased by any Lessee hereunder, such Lessee shall pay to or at the direction of the Lessor all applicable costs and expenses of freight, packing, handling, storage, shipment and delivery of such Lease Vehicle and all sales and use tax (if any) to the extent that the same have not been included in the Capitalized Cost of such Lease Vehicle, as such inclusion or exclusion has been reasonably determined by the Servicer.
Test 3.3(j) — 8: Gross Capitalized Cost Observe the “Gross capitalized cost” in the “Your payment is determined as shown below” section of the Lease and confirm that it equals the “Total Gross Capitalized Cost” in the “Itemization of Gross Capitalized Cost” 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.
SECTION 2 – RECORDING CAPITAL ASSETS 2.1 Capitalized Cost - Capital assets shall be recorded at their acquisition, construction or historical cost and include all costs associated with placing the asset in service including but not limited to insurance during transit, freight, and installation costs.