Residual Value Guarantee definition
Examples of Residual Value Guarantee in a sentence
The Owner Participant agrees for the benefit of the Lessee that it shall not make or consent to any changes to the Residual Value Guarantee Agreement or the Guarantee Agreement that would make the representation in Section 5.01(a)(x) incorrect at the time of such change or that would increase the Guaranteed Amount and the Owner Participant agrees to provide notice to the Lessee of any decrease in the Guaranteed Amount and the amount of such decrease.
If Lessee provides notice of its right to purchase provided for in clause (B) of Section 13(b)(i), then not later than 180 days prior to the end of the Basic Term, the Owner Participant shall notify Lessee (such notice, a "Residual Notice") if it has notified the Manufacturer that it will require an appraised value of the Aircraft to be determined under the Residual Value Guarantee Agreement.
The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.
The Manufacturer shall have the right to notify Lessee and Beneficiary within 30 days after the determination of Fair Market Sales Value in accordance with the RVG Appraisal Procedure whether it will exercise its purchase option under the Residual Value Guarantee, in which case Lessee's exercise of the FMV Purchase Option shall be revoked and cancelled.
Lessee acknowledges that, as of the date hereof, Manufacturer has indicated that it does not intend to make the Residual Value Guarantee available to Beneficiary during any such Renewal Term.
Airline shall provide notice to CFMI, in writing, of its election (to elect application of this allowance in lieu of the Special Guarantees and the Residual Value Guarantee) a minimum of ***** prior to delivery of the first A318 Aircraft to Airline.
During the Marketing Period, the obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the fifth anniversary of the Closing Date or at the end of the Renewal Term, as the case may be) shall continue undiminished until payment in full to the Agent of the Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.
During the Marketing Period, the ---------------------------- obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the fifth anniversary of the Effective Date or at the end of a Renewal Term, or on the Expiration Date, as the case may be) shall continue undiminished until payment in full to the Agent of the Gross Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.
During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Equipment (including the installment of Basic Rent due on the expiration date of the Basic Term or Renewal Term, as the case may be) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Residual Value Guarantee Amount, the amount due under Section 23.3, if any, and all other amounts due to Lessor with respect to such Equipment.
Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, the Shortfall Amount payable by Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.