Guaranteed Residual Value definition

Guaranteed Residual Value means that amount necessary to cause the present value of the aggregate Minimum Lease Payments under this Lease, including the present value of the Guaranteed Residual Value, to not exceed eighty nine and 9/10 percent (89.9%) of the Funded Amount, computed at the Date of Lease and discounted to present value as of the Rent Commencement Date using the interest rate implicit in the Lease or the incremental borrowing rate, whichever is higher, all as calculated and determined pursuant to Statement of Financial Accounting Standards Number 13. "Minimum Lease Payments" shall mean the sum of the aggregate Base Rent payable over the Initial Term and the Extension Term, plus imputed interest on the non-interest bearing portion of the Security Deposit imputed at a market rate of interest for an investment for a similar term, plus the Guaranteed Residual Value, plus the following to the extent paid in cash: custodial and other fees paid by Tenant, and any other reimbursed costs of Landlord paid by Tenant deemed to meet the definition of Minimum Lease Payments under SFAS No. 13.

Guaranteed Residual Value means ninety-seven percent (97%) of the Lease Investment Balance.

Guaranteed Residual Value means the maximum amount, the present value of which, when added to the present value of the Tenant's other minimum lease payments under this Lease, both discounted to the Improvements Commencement Date using the appropriate discount rate, creates a sum which approximately equals but does not exceed eighty-nine and nine/tenths percent (89.9%) of the Lease Investment Balance at such date. These calculations will be performed in accordance with the provisions of Statement of Financial Accounting Standards Number 13.

Examples of Guaranteed Residual Value in a sentence

• During the year ended August 31, 2019, the fair value of the lease liability was estimated using level 2 inputs on the date of the lease agreements using the implicit rate of the leases at 6.325%, a weighted average lease term of 4 years and a weighted average Guaranteed Residual Value of $29,398.

• Tenant agrees that the Landlord will be deemed to be acting in good faith if it refuses to sell its interest for less than the excess of the Lease Investment Balance over the Guaranteed Residual Value.

• Payment is generally due at the time of delivery, as such a receivable is recognized as the consideration is unconditional and only the passage of time is required before payment is due.Sale of Equipment with a Guaranteed Residual Value or Repurchase CommitmentThe sale of equipment for which the Company has provided a guarantee to repurchase the equipment at a predetermined residual value is assessed to determine whether the customer has a significant economic incentive to exercise the put option.

• If the Guaranteed Residual Value has not previously been determined as of the date Tenant's liability under this Section 19.2 has been established, then the Guaranteed Residual Value shall be determined as of the date Tenant's liability hereunder is established.

• If the Premises are not sold and conveyed to a purchaser in exchange for Proceeds on or before the expiration of the Lease Term, then on the expiration of the Lease Term, Tenant shall pay to Landlord in immediately available funds an amount equal to the then Guaranteed Residual Value.

More Definitions of Guaranteed Residual Value

Guaranteed Residual Value means the guaranteed portion of the Lease Balance determined in accordance with the "90%" test set forth in FASB No. 13 which, with respect to each Leased Asset, is set forth in, or determined pursuant to, the Lease Supplement therefor.

Guaranteed Residual Value shall have the meaning specified in the definition of Residual Value.

Guaranteed Residual Value means an amount which is indicated on each Lease Supplement as of the Date of Lease.

Guaranteed Residual Value means the net capitalized cost (as defined in the “Example Guaranteed Depreciation Calculation” section of the Program) minus the product of the Daily Rate (as defined in the “Guaranteed Depreciation - Eligible Models and Rates” section of the Program) for the applicable Eligible Vehicle multiplied by the total number of In-Service (as defined under the Program) days.

Guaranteed Residual Value means, as to a particular Apportioned Property, the percentage of such Apportioned Property's Property Cost set forth for such Apportioned Property in the Lease Supplement, expressed in Dollars. Guaranteed Residual Value for a Term and a particular Apportioned Property is calculated pursuant to the following four steps:

Guaranteed Residual Value means the guaranteed portion of the Lease Balance determined by the Administrative Agent (with the consent of the Lessee's accountants) in accordance with the "90%" test set forth in FASB No. 13 which, with respect to each Leased Asset, is set forth in, or determined pursuant to, the Lease Supplement therefor.

Guaranteed Residual Value means the Guaranteed Residual Value for the Property set forth in the Lease Supplement.