Final Rental Amount definition

Final Rental Amount means, if any, the larger final payment due under the Financing Contracts.
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Examples of Final Rental Amount in a sentence

  • VWFS then acts as the Obligor's agent in selling the Financed Object and the sale proceeds of the Financed Object are applied to settle the Final Rental Amount.

  • The Purchased Receivables include the right to receive the Final Rental Amount under the relevant Financing Contracts although, in relation to the PCP Agreements, the Obligor may opt not to pay the Final Rental Amount but to request that the Financed Object is sold in order to finance the Final Rental Amount (and the relevant Obligor shall have no further liability under the relevant Financing Contract).

  • Certain of the Financing Contracts, in particular the LP Agreements and the PCP Agreements, provide that the Financing Contracts amortise over the life of the Financing Contracts in substantially equal monthly instalments with a larger Final Rental Amount.

  • The typical PCP Agreement also amortises on the basis of fixed monthly instalments of equal amounts over a 6 to 60 month instalment period, with a substantial portion of the outstanding amount under the PCP Agreement being repaid in a single Final Rental Amount at maturity.

  • LP Agreements carry a fixed rate of return, typically amortised in equal monthly instalments over the repayment period, which varies between 6 and 60 months, with a larger mandatory Final Rental Amount.

  • This Final Rental Amount is substantially greater than the previous monthly instalments.

  • However, unlike the terms of a typical LP Agreement, the Obligor under a PCP Agreement is not required to pay the Final Rental Amount.

  • Obligors pay equal monthly instalments with a fixed interest rates and the amortisation schedule of amounts payable under a PCP Agreement is characterised by a large Final Rental Amount, normally reflecting an excess of the residual value of the vehicle at the end of the Financing Contract.

  • Similarly, the typical LP Agreement also amortises on the basis of fixed monthly instalments, but unlike an HP Agreement it requires a substantial portion of the outstanding amount to be repaid in a single Final Rental Amount at maturity of the LP Agreement.

Related to Final Rental Amount

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent