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Estimated Residual Value definition

Estimated Residual Value for any Item of Equipment on any date of determination shall mean an amount obtained by multiplying (a) the percentage set forth in the Equipment Agreement Supplement for such Item under the caption “Estimated Residual Value Percentageapplicable to the Basic Term or Renewal Term in effect on such date, by (b) the Acquisition Cost for such Item.
Estimated Residual Value. , in relation to leased goods, means the lessor’s reasonable estimate of the wholesale value of the leased goods at the end of the lease term; (“valeur résiduelle estimative”)

Examples of Estimated Residual Value in a sentence

  • If the Realized Value of the Equipment exceeds the Estimated Residual Value thereof, and provided that Lessee is not then in default under the Lease, Lessor shall pay to Lessee, as an adjustment to the rent payable under the Lease, an amount equal to 100% of such excess, but only to the extent Lessor actually receives the Realized Value in available funds.

  • If the Net Proceeds of Sale exceeds the Estimated Residual Value, the amount of the difference promptly shall be paid by Lessor to Lessee.

  • If Lessee elects to purchase the Aircraft, then on the Second Renewal Term expiration date, Lessee shall pay to Lessor the applicable Estimated Residual Value (specified on Schedule 2 to Annex B) (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of Second Renewal Term Rent).

  • The residual value risk for the Issuer is the risk that any sale proceeds of Leased Vehicles are insufficient to cover the Estimated Residual Value of Leased Vehicles relating to certain Lease Agreement types.

  • If Lessee elects to purchase the Aircraft, then on the Basic Term expiration date, Lessee shall pay to Lessor the applicable Estimated Residual Value (specified on Schedule 2 to Annex B) (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of Basic Term Rent).


More Definitions of Estimated Residual Value

Estimated Residual Value means the applicable percentage of Capitalized Lessor's Cost listed under "TRAC Amount" in Table I;
Estimated Residual Value for any Item of Equipment means the amount obtained by multiplying (a) the percentage set forth in the Lease Supplement for such Item under the caption "Estimated Residual Value Percentage" applicable to the Basic Term or Renewal Term then ending, by (b) the Acquisition Cost for such Item.
Estimated Residual Value means **% of Lessor's Cost of the Equipment as set out on the Schedule; ** REFER TO TABLE I TO SCHEDULE NO. 001 ("LESSOR RESIDUAL RISK AMOUNT") FOR APPLICABLE PERCENTAGES.
Estimated Residual Value means the relevant percentage, as set out in Exhibit 1 to this Schedule, of Lessor's Cost of the Equipment as set out on the Schedule;
Estimated Residual Value means 20% of Petitioner's Cost of the Equipment as set forth on the Schedule.
Estimated Residual Value means **% of Lessor's Cost of the Equipment as set out on the Schedule;
Estimated Residual Value means the estimated residual value, at the end of the term of the Finance Contract of the Financed Product, as determined by LTPF at the inception of the Financing in accordance with GAAP and the Annual Operating Plan.