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

  • Where the Obligor chooses to return the Vehicle, VWFS then acts as the Obligor's agent in selling the Vehicle and the sale proceeds of the Vehicle are applied to settle the Final Rental Amount.

  • The Issuer will be exposed to the risk that due to economic, market and social factors in the used vehicle market, including industry specific effects such as the potential impact of an increasingly negative sentiment around diesel vehicles, the residual value of the Vehicle may be less than anticipated at the outset of the Financing Contract and thus less than the Final Rental Amount.

  • Any shortfall between the sale proceeds and the Final Rental Amount is not recovered from the Obligor.See Prospectus, THE PURCHASED RECEIVABLES POOL.10.

  • 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.

  • Any surplus on sale in excess of the Final Rental Amount is retained by VWFS as a fee for acting as the Obligor's agent and is not passed back to the Obligor.

  • The sale proceeds of the vehicle, including any surplus on sale in excess of the Final Rental Amount, are transferred to the Issuer as PCP Recoveries and Enforcement Proceeds.

  • Where the Obligor chooses to return the vehicle, VWFS then acts as the Obligor's agent in selling the vehicle and the sale proceeds of the vehicle are applied to settle the Final Rental Amount.

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

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

  • 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).

Related to Final Rental Amount

  • 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.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Rent means Basic Rent and Supplemental Rent, collectively.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.