MRM Residual Value definition
MRM Residual Value means, with respect to any Closed-End Vehicle, the residual value established by ALG giving only partial credit or no credit for options that add little or no value to the resale price of the vehicle.
MRM Residual Value means, with respect to any Vehicle, the residual value established by ALG giving only partial credit or no credit for options that add little or no value to the resale price of the vehicle.
Examples of MRM Residual Value in a sentence
Effective as of each ▇▇▇▇-to-Market Adjustment Date, the Borrower shall recalculate the ▇▇▇▇-to-Market MRM Residual Value of each Warehouse SUBI Lease for which there is a ▇▇▇▇-to-Market MRM Residual Value at the end of the calendar month which preceded such ▇▇▇▇-to-Market Adjustment Date, and thereafter shall use such value in the calculation of the Base Residual Value for such Warehouse SUBI Lease until the next ▇▇▇▇-to-Market Adjustment Date.