Recourse Deficiency Amount definition

Recourse Deficiency Amount means, as of any date of determination thereof, the sum of (i) the aggregate principal amount of the A Loans then outstanding, plus (ii) all accrued and unpaid interest on the A Loans.

Recourse Deficiency Amount means, for each Lease, an amount equal to (i) the Maximum Remarketing Obligation (Improvements) for such Lease plus (ii) the Maximum Remarketing Obligation (Site) for such Lease.

Recourse Deficiency Amount means, with respect to the exercise of the Sale -------------------------- Option with respect to any Lease Supplement, the difference between (i) the applicable Purchase Option Exercise Amount at the end of any Renewal Term in which such Sale Option was elected and (ii) the product of (A) 20.0% and (B) the Fair Market Sales Value of the System, including the Equipment, subject to such Lease Supplement as of the first day of the Renewal Term in which such Sale Option was elected.

Examples of Recourse Deficiency Amount in a sentence

• If, and only if, the selling price (net of closing costs and prorations, as reasonably estimated by the Agent) is less than the difference between the Lease Balance at such time minus the Recourse Deficiency Amount, then Lessor or the Agent may, in its sole and absolute discretion, by notice to Lessee, reject such offer to purchase, in which event the parties will proceed according to the provisions of Section 14.7 hereof.

• Promptly after receipt of such valuation which establishes the Fair Market Value of Leased Property, Lessor shall pay to Lessee an amount equal to the lesser of (A) the Recourse Deficiency Amount paid by the Lessee in accordance with the Section 22.4(a)(i) and (B) the amount by which the Fair Market Value of the Leased Property exceeds the remaining Break Even Price, less any Force Majeure Losses (the lower of (A) and (B) being the “Expiration True-Up”).

• Notwithstanding anything contained herein to the contrary, if Lessor or the Agent rejects the purchase offer for the Leased Properties as provided in (and subject to the conditions set forth in) Section 14.6, then (a) the Lessees, jointly and severally, shall pay to the Agent the Recourse Deficiency Amount pursuant to Section 14.6(i), and (b) Lessor shall retain title to the Leased Properties.

• If, and only if, the aggregate selling price (net of closing costs and prorations, as reasonably estimated by the Agent) is less than the difference between the Lease Balance at such time minus the Recourse Deficiency Amount, then the Lessor or the Agent may, in its sole and absolute discretion, by notice to the Lessee, reject such offer to purchase, in which event the parties will proceed according to the provisions of Section 14.7 ------------ hereof.

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More Definitions of Recourse Deficiency Amount

Recourse Deficiency Amount means for any Leased Property, an amount equal to (i) the A Percentage times (ii) the Fair Value of such Leased Property.

Recourse Deficiency Amount means, with respect to the exercise of the Sale Option, the excess, if any, of (x) the Purchase Option Exercise Amount at the last day of a Renewal Term in which such Sale Option was elected over (y) the product obtained by multiplying 17.50% by the Fair Market Value of all Equipment then subject to this Lease as of the first day of the Renewal Term in which the Sale Option was elected.

Recourse Deficiency Amount. With respect to the exercise of the Sale Option, (a) for each Schedule, the difference of (i) the Purchase Option Exercise Amount at the end of any Renewal Term in which such Sale Option was elected minus (ii) the product obtained by multiplying (i) a percentage to be set forth on Annex II to such Schedule by (ii) the appraised value of the Units covered by such Schedule as of the first day of the Renewal Term in which the Sale Option was elected, and (b) for the Lease, the aggregate of all amounts determined pursuant to the foregoing clause (a) for all Schedules then in effect.

Recourse Deficiency Amount means the sum of $4,148,000.

Recourse Deficiency Amount means, with respect to the Leased Property, as of any date of determination thereof, the sum of the following relating to the Leased Property: (i) the aggregate principal amount of the A Loans then outstanding, plus (ii) the A Percentage of the Lessor's Invested Amounts then outstanding, plus (iii) all accrued and unpaid Yield on the A Percentage of the Lessor's Invested Amounts, plus (iv) all accrued and unpaid interest on the A Loans.

Recourse Deficiency Amount. The Recourse Deficiency Amount, calculated as of the Base Term Commencement Date, is the amount equal to 87.00% times the Lease Balance.

Recourse Deficiency Amount. The Recourse Deficiency Amount, calculated as of the Base Term Commencement Date, is the amount equal to 87.00% times the Lease Balance. Lessor’s Gain: The Lessor’s Gain as of any date of determination with respect to the Leased Property, shall be the amount equal to the gain on the Lessor Investment during the Lease Term set forth opposite the date set forth on Schedule B to this Lease Supplement. The Lessor’s Gain on any date of determination which is not shown on such Schedule B shall be the pro-rated difference between the dates preceding and following such date of determination. Applicable Margin: The Applicable Margin shall equal 2.50% (250 basis points).