Full Payout Lease definition
Full Payout Lease means a lease under which the aggregate rental payments during the original term are at least sufficient to permit the Trust to recover the Purchase Price of the Assets leased thereby.
Full Payout Lease means a lease under which the non-cancellable rental payments due during the initial term of the lease are at least sufficient to cover the purchase price of the Equipment leased.
Full Payout Lease means a lease from which the lessor can reasonably expect to realize a return of its full investment in the leased property, plus the estimated cost of financing the property over the term of the lease, from rentals, estimated tax benefits and the estimated residual value of the property at the expiration of the initial term of the lease. The estimated residual value of the property shall not exceed 25% for personal property or 20% for real property, of the acquisition cost of the property to the lessor unless the estimated residual value is guaranteed by a manufacturer, the lessee or a third party not an affiliate of the association and the association makes the determination that the guarantor has the resources to meet the guarantee. In all cases, however, both the estimated residual value of the property and that portion of the estimated residual value relied upon by the lessor to satisfy the requirements of a full-payout lease must be reasonable in light of the nature of the leased property and all relevant circumstances so that realization of the lessor's full investment plus the cost of financing the property depends primarily on the creditworthiness of the lessee and of any guarantor of the residual value, and on the residual market value of the leased property. The maximum term of a full-payout lease shall be 40 years;
Examples of Full Payout Lease in a sentence
At any time, Customer may convert this Lease into an Operating Lease or a Full Payout Lease, provided that Customer is then in full compliance with the terms and conditions hereof.
Following the conversion of this Agreement to an Operating Lease, a Full Payout Lease or purchase, all costs and expenses associated with equipment service and maintenance shall be the responsibility of Customer.
AMP FUNDING, L.L.C. By: _____________________________ Name: Title The undersigned hereby certify that the Master Leasing Agreement dated as of November 13, 1995 by and among (a) Wilmington Trust Company as Owner Trustee and Lessor, (b) PCI Air Management Partners, L.L.C. as Owner Participant and (c) Potomac Capital Investment Corporation as Lessee is and will at all times be a "Net Lease" and a "Full Payout Lease," as those terms are defined below.
An individual firm, for example, might use FUD to invite unfavorable opinions and speculation about a competitor's product (text courtesy of Wikipedia) FUI Field Upgrade Instructions Full Payout Lease Full Payout Lease Terminology.
The lease may be terminated by Customer, prior to purchase of the Equipment or conversion into an Operating Lease or a Full Payout Lease upon ninety (90) days prior written notice to Hologic.
More Definitions of Full Payout Lease
Full Payout Lease means a lease in which the lessor's service is limited to the financing of the asset, with the lessee paying all other costs, including maintenance and taxes, and has the option of purchasing the asset at the end of the lease for a nominal price. The lease shall be fully amortized over the term of the lease or lifetime of the asset, whichever is less.
Full Payout Lease means a Lease under which the non-cancelable rental payments due during the initial term of the Lease are sufficient to permit the Partnership to recover the Equipment Purchase Price of the Equipment leased thereby.
Full Payout Lease means a lease of Equipment under which the non-cancellable rental payments during the initial term of the lease, on a net present value basis, are at least sufficient to recover the contract purchase price paid by the Partnership in connection with the purchase of the Equipment plus all Acquisition Fees applicable thereto. "General Partner" means Redwood Leasing, Inc. and any other Person designated as a General Partner in the Schedule and any Person who becomes a Successor or Additional General Partner as provided herein, in each such Person's capacity as a General Partner of the Partnership. "Gross Proceeds of the Offering" means the aggregate of the proceeds from the sale of Units in the Offering, which amount is equal to the total of all Capital Contributions of the Investors. "Interest" or "Partnership Interest" means the entire ownership interest (which may be segmented into and/or expressed as a percentage of various rights and/or liabilities) of a Partner in the Partnership at any particular time, including the right of such Partner to any and all benefits to which a Partner may be entitled as provided in the Agreement and in the Act, together with the obligations of such Partner to comply with all the terms and provisions of this Agreement and of the Act. "Interim Investments" means the short-term investments made with the Net Proceeds of the Offering until such Net Proceeds of the Offering are disbursed for acquisition of Equipment. "Investment in Equipment" means the amount of Capital Contributions actually paid or allocated to the purchase, manufacture or renovation of Equipment (including the purchase of equipment, working capital reserves allocable thereto (except that working capital reserves in excess of 3% shall not be included), and other cash payments such as interest and taxes) but excluding Front-End Fees. "Investor" means (i) any Person who holds an Assignee Unit and is reflected as an Investor on the books and records of the Partnership, (ii) any Investor who has been admitted to the Partnership as a Substitute Limited Partner pursuant to Section 7.5 hereof and (iii) except where otherwise specifically provided to the contrary, the MNC Special Limited Partner. The term "Investor" shall not include the ABR Special Limited Partner. "Leasing Fees" means the total of all fees and commissions paid by any Person in connection with the initial lease of Equipment. "Limited Partner" means any Person who is designated as a Limited Partner on t...
Full Payout Lease means a new lease whereby Customer would finance a deemed unamortized contract price for the Equipment plus the residual value of the Equipment, as determined by Hologic based upon Hologic's amortization schedule for this Agreement, over a five (5) year term at then current interest rates, with an option for Customer to acquire the Equipment at the end of such term for XXXXXXX. During the first 12 months of this agreement (from date of installation) the fixed monthly lease payment shall be XXXXXXX for a QDR 4500C and XXXXXXX for a QDR-1000plus. In connection with any such conversion, Hologic may require Customer to enter into a new lease with standard terms and conditions. Conversion of the Lease is conditioned upon a then current approval of Customer by Hologic.
Full Payout Lease means a lease of not more than forty (40) years of property that was acquired by the lessor specifically for a leasing transaction, and under the terms of which the lessor can reasonably expect to realize a return of its full investment in the leased property plus the estimated cost of financing the property over the term of the lease from:
Full Payout Lease means a lease of not more than 40 years under the terms of which the lessor can reasonably expect to realize a return of its full investment in the leased property plus the estimated cost of financing the property over the term of the lease from (i) rentals, (ii) estimated tax benefits, and (iii) the estimated residual value of the property at the expiration of the initial term of the lease, which in no event shall exceed 25% of the acquisition cost of the property to the lessor; provided that, in the event of any change in any applicable state or federal banking law after the Effective Date, the meaning of "Full Payout Lease" shall be changed accordingly. "Funding Reduction Factor" shall mean, as of the ninetieth (90th) day following the Effective Date, (i) one (1) minus (ii) the quotient of (A) the Net Contribution Value contributed by AMP Funding reduced by distributions made to AMP Funding pursuant to Section 5.2(k) hereof, divided by (B) the Net Contribution Value of the cash and property required to be contributed by AMP Funding as set forth in Section 2.1 hereof. "GAAP" means generally accepted accounting principles in effect in the United States as amended from time to time. "Gross Asset Value" means with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:
Full Payout Lease. A lease under which the noncancellable rental payments due during the initial term of such lease are at least sufficient to recover the price paid upon the purchase of the subject Aircraft, including the amount of Acquisition Fees and all liens and mortgages, if any, but excluding points and prepaid interest. (The Partnership intends to purchase its Aircraft without financing; accordingly, it is not anticipated that the purchase will involve liens, mortgages or interest.)