Examples of Loss Value in a sentence

Upon an Event of Loss, Customer shall pay to Xxxxxxxx the Loss Value of the Equipment (or component thereof), plus (a) all Use Charges relating to such Equipment due but unpaid through the date Customer pays the Loss Value, (b) all labor, drayage, mileage, maintenance, road service, storage, recovery charges, or other charges relating to such Equipment, and (c) the estimated or actual cost, at Xxxxxxxx’x option, to replace any damaged Monitoring Devices relating to such Equipment.
If Xxxxxxxx determines that a Prohibited Substance has contaminated Equipment or been placed in any Equipment in violation of Applicable Law, Customer shall, at Xxxxxxxx’x option, either (i) promptly pay to Xxxxxxxx the Loss Value of such Equipment, or (ii) restore and decontaminate the Equipment, at Customer’s expense, and provide proof of such decontamination, including, without limitation, methodology and decontamination sampling results and any other inspection or testing Xxxxxxxx deems appropriate.
Subject to Section 9 below, Customer will remain responsible for all Use Charges due under a Lease until the latest to occur of (i) the expiration of the applicable Term, (ii) Customer’s return of the Equipment in accordance with Section 8 below and payment of all sums due upon return of the Equipment, or (iii) Customer’s payment of any Loss Value due hereunder.

More Definitions of Loss Value

Loss Value has the meaning set forth in Section 18.C(ii).

Loss Value means, with respect to any Part suffering an Event of Loss, the amount equal to the arithmetic mean of the prices in United States dollars at which parts of the same type and quality as, or of a type and quality similar to or reasonably interchangeable with, the Part suffering the Event of Loss (if any) shall have been invoiced for sale by the Consignee, in arms length transactions to purchasers who are not affiliated with, do not control or are not controlled by, or under common control with, the Consignee during the period commencing three (3) months prior to the discovery of such Event of Loss and ending on the date of the discovery of such Event of Loss (or such longer period as may be necessary to have at least three relevant transactions within the relevant period); and, if no such invoiced prices are available for a Part, the applicable Loss Value shall be the price established by the mutual agreement of Consignor and Consignee, or in the absence of an agreement, the price determined to be the fair market value of such Part by a mutually acceptable third-party appraiser.

Loss Value has the meaning set out Section 10.2(a)(v).

Loss Value means 100% of the amount necessary to pay in full, as of the date of payment thereof, the principal and accrued interest on the Loan attributable to such Aircraft, plus any corresponding prepayment premium calculated pursuant to the terms of the Note. If an Event of Loss occurs during a period of time when no prepayment is permitted, the Loss Value will include a prepayment premium in an amount equal to one percent (1.0%) of the then outstanding principal balance remaining under the Note attributable to such Aircraft.

Loss Value means 100% of the amount necessary to pay in full, as of the date of payment thereof, the principal and accrued interest on the Loan.

Loss Value means 100% of the amount necessary to pay in full, as of the date of payment thereof, the principal, accrued interest and all other amounts due under the Loan Documents.

Loss Value means the amount owing to BOQ Credit by a Contracted Customer at a particular point in time. Monthly Weighted Average Customer Risk Grade means the average calculated on a monthly basis of the actual Customer Risk Grade of all Contracted Customers introduced by the Dealer to BOQ Credit for a particular month.