Residual Value Loss Amount means, as of any Monthly Allocation Date, the sum of (a) the aggregate of the Booked Residual Values of all 1997-A Leased Vehicles that were included in Matured Leased Vehicle Inventory but that had remained unsold and not otherwise disposed of by the Servicer for at least three full Collection Periods as of the last day of such Collection Period and (b) the excess, if any, of (i) the aggregate of the Booked Residual Values of all 1997-A Leased Vehicles previously included in Matured Leased Vehicle Inventory that were sold or otherwise disposed of during such Collection Period over (ii) Net Matured Vehicle Proceeds for such Collection Period.

Residual Value Loss Amount means the lesser of (i) the unpaid Disbursement Value plus Collection Costs less Recoveries as of receipt by the Insurer of the Proof of Loss, and (ii) the Limit.

Residual Value Loss Amount means, as of any Distribution Date, the sum of the following: (a) the Booked Residual Values of all 1999-A Leased Vehicles included in Matured Leased Vehicle Inventory as of the last day of the related Collection Period but which as of such day had remained unsold and not otherwise disposed of by the Servicer for at least two full Collection Periods; (b) any excess of the sum of the Booked Residual Values of all Matured Vehicles sold or otherwise disposed of from Matured Leased Vehicle Inventory during the related Collection Period over Net Matured Leased Vehicle Proceeds; and (c) any Early Termination Amount for the related Collection Period.

Examples of Residual Value Loss Amount in a sentence

Such amount will be used to offset the amount of the Residual Value Loss Amount, as further described in Section 7.10.
For the avoidance of doubt, the Insurer will not be deemed to have accepted a Proof of Loss until it has determined that the Proof of Loss provides a complete and correct description of all amounts relevant to the calculation of the Residual Value Loss Amount and that the conditions set forth in Article 7.E of the Insurance Policy have been satisfied or will be satisfied concurrently with payment of the Residual Value Loss Amount.
The Trustee shall deposit into the Insurance Proceeds Fund the Residual Value Loss Amount paid by the Insurer pursuant to the terms of the Insurance Policy in settlement of a Claim filed thereunder as a result of an Event of Special Redemption of the Series 2023-A Notes.
The Insurer will request from the Named Insured any information required to investigate, determine or verify the accuracy and the amount of the Residual Value Loss Amount and each of the components thereof set forth therein, including Collection Costs and Recoveries.

More Definitions of Residual Value Loss Amount

Residual Value Loss Amount means, as of any Distribution Date, the sum of the following, but only to the extent that such sum exceeds the amount transferred to the 1996-B SUBI Collection Account from the Residual Value Surplus Account on the related Deposit Date pursuant to Section 12.03(b) of the 1996-B SUBI Supplement: (a) the Booked Residual Values of all 1996-B Leased Vehicles included in Matured Leased Vehicle Inventory as of the last day of the related Collection Period but which as of such day had remained unsold and not otherwise disposed of by the Servicer for at least two full Collection Periods; and (b) any excess of the sum of the Booked Residual Values of all Matured Vehicles sold or otherwise disposed of from Matured Leased Vehicle Inventory during the related Collection Period over Net Matured Vehicle Proceeds.

Residual Value Loss Amount means, as of any Distribution Date, the sum of the following, but only to the extent that such sum exceeds the amount transferred to the 1997-B SUBI Collection Account from the Residual Value Surplus Account on the related Deposit Date pursuant to clauses (x) and (y) of Section 12.03(b) of the 1997-B SUBI Supplement: (a) the Booked Residual Values of all 1997-B Leased Vehicles included in Matured Leased Vehicle Inventory as of the last day of the related Collection Period but which as of such day had remained unsold and not otherwise disposed of by the Servicer for at least two full Collection Periods; (b) any excess of the sum of the Booked Residual Values of all Matured Vehicles sold or otherwise disposed of from Matured Leased Vehicle Inventory during the related Collection Period over Net Matured Vehicle Proceeds; and (c) any Early Termination Amount for the related Collection Period.