Sale Recourse Amount definition

Sale Recourse Amount means the product obtained by multiplying the aggregate Purchase Price for the Items of Equipment then subject to the Lease by 45.61349478607%.

Sale Recourse Amount means the product obtained by multiplying the aggregate Purchase Price for the Items of Equipment then subject to the Lease by 37.50723972388%.

Sale Recourse Amount means the applicable percentage of the Lessor's Cost for the Equipment as is set forth in Schedule IV to the Participation Agreement.

Examples of Sale Recourse Amount in a sentence

• The obligation of Lessee to pay the Sale Recourse Amount shall be a recourse obligation of Lessee and shall be payable on the date provided for in the preceding sentence without regard to the amount of Proceeds.

• If the Appraiser concludes that the Fair Market Value of such Premises as of the Lease Expiration Date is in excess of the Sale Proceeds to be obtained from the sale of the Premises, Lessee shall promptly pay to Lessor on the date of such sale together with the Sale Proceeds, as Supplemental Rent, such excess which, together with such Sale Proceeds and the Sale Recourse Amount so paid to Lessor, shall not exceed the Lease Balance determined immediately before the application of the foregoing amounts.

• If the sum of the Land Balance and the aggregate outstanding Improvements Proceeds plus the Sale Recourse Amount will be less than the outstanding Lease Balance, Lessor (upon direction from any Participant) shall engage one or more appraisers, at Lessee's sole cost and expense, to determine (by appraisal methods satisfactory to the Required Participants) the Fair Market Value of the Leased Property.

• Trustee, on behalf of the Certificate Purchasers and at the direction of Required Certificate Purchasers, shall notify Lessee in writing not later than five (5) Business Days prior to the Termination Date whether the Sale Recourse Amount shall be determined pursuant to CLAUSE (x) or CLAUSE (y) of the preceding sentence EXCEPT that at the end of the Base Term the Sale Recourse Amount shall be equal to the Applicable Percentage Amount.

• If the net Sale Proceeds with respect to any Aircraft are less than the aggregate outstanding Lease Balance for such Aircraft, the Lessee shall pay or shall cause to be paid to Lessor, as Supplemental Rent, on the Expiration Date, in addition to such net Sale Proceeds, an amount equal to the lesser of (x) the Sale Recourse Amount for the Aircraft so sold and (y) the amount by which the Lease Balance for such Aircraft exceeds such net Sale Proceeds actually and irrevocably received by Lessor.

More Definitions of Sale Recourse Amount

Sale Recourse Amount means, as of any date of determination, the product obtained by multiplying: (i) the aggregate sum of the amounts Funded by the Participants on the Advance Date by (ii) the Improvements Percentage, and by (iii) seventy-five percent (75%).

Sale Recourse Amount is defined in SECTION 11.1(c).

Sale Recourse Amount is defined in Section 11.1(c).

Sale Recourse Amount shall have the meaning provided in Section 9.1(c). -------------------- --------------

Sale Recourse Amount shall have the meaning as of any date with respect to any Aircraft set forth in the Lease Supplement with respect to such Aircraft on such date.

Sale Recourse Amount applicable to any Lessee shall be, at the option of the Required Lessors, (x) the aggregate Applicable Percentage Amounts with respect to all Lease Supplements to which such Lessee is a party or (y) the aggregate Recourse Deficiency Amounts with respect to all Lease Supplements to which such Lessee is a party; provided, however, that in no event shall the Sale Recourse Amount exceed the aggregate Supplement Balances of all Lease Supplements to which such Lessee is a party (after taking into account all payments of Rent and Proceeds applied against such Supplemental Balances on the Termination Date). Agent, on behalf of the Lessors, shall notify Lessees' Representative in writing not later than five Business Days prior to the Termination Date whether the Sale Recourse Amount(s) applicable to a Lessee shall be determined pursuant to clause (x) or clause (y) of the preceding sentence. In addition to the amount determined to be payable by each Lessee pursuant to the foregoing provisions of this Section 11.1(c), such Lessee shall pay to Agent, for the benefit of the Lessors, the applicable Administrative Charge on the sum of the Proceeds and the Sale Recourse Amount. The obligation of each Lessee to pay the amounts determined pursuant to this Section 11.1(c) shall be a recourse obligation of such Lessee and shall be payable on the Termination Date. All amounts paid to Agent pursuant to this Section 11.1(c) shall be distributed in accordance with Section 11.3 of the Participation Agreement.

Sale Recourse Amount shall have the meaning assigned to such term in Section 11.1(c) (2) of the Lease. SX-19