Warranty Purchase Amount definition

Warranty Purchase Amount. This term shall have the meaning set forth in the Contribution and Sale Agreement.

Warranty Purchase Amount. This term shall have the meaning set forth in the Purchase Agreement.

Warranty Purchase Amount. With respect to any Managed Container, an amount equal to the excess of (i) the Net Book Value of such Managed Container on the date which the Issuer acquired such Container from the Seller pursuant to the Contribution and Sale Agreement, less (ii) the aggregate amount of Net Operating Income received by the Issuer with respect to such Managed Container since the date on which the Issuer acquired such Managed Container.

Examples of Warranty Purchase Amount in a sentence

• To exercise such option, the Sponsor shall notify the Administrator, the Depositor, the Issuer and the Indenture Trustee thereof in advance in writing, and the Sponsor shall deposit into the Collection Account an amount equal to the Warranty Purchase Amount for the Receivables so purchased.

• The Seller shall deposit the Warranty Purchase Amount for each Transferred Container to be repurchased in the Trust Account prior to 10:00 a.m. on the second Business Day prior to the Payment Date following the expiration of such 30-day period.

• Without limiting the foregoing, prior to termination, neither the failure of the Issuer to deliver an Issuer Certificate pursuant to Section 4.2, nor the failure of the Seller to pay a Warranty Purchase Amount shall render such transfer or obligation executory, nor shall the continued duties of the parties pursuant to Article IV of this Agreement render an executed conveyance executory.

• Each Borrower Certificate shall operate as an assignment, without recourse, representation, or warranty, except for the warranty of good title, to Seller of all of Borrower's right, title, and interest in and to such repurchased Predecessor Containers, such assignment being an outright assignment and not for security; and, upon payment of the Warranty Purchase Amount, Seller will thereupon own such Predecessor Containers free of any further obligation to Borrower with respect thereto.

• The purchase price to be paid by Seller for the repurchase of any such Lease Contract and related Equipment (the "Repurchase Price") shall be equal to the sum of (A) the Warranty Purchase Amount for the Lease Contract, plus (B) the Residual Value of the Equipment covered by the Lease Contract, plus (C) interest on such Residual Value at the Discount Pool Rate applicable to such Lease Contract from the Initial Closing Date to the date that such Lease Contract and Equipment are repurchased.

More Definitions of Warranty Purchase Amount

Warranty Purchase Amount. With respect to any Transferred Container to be repurchased by the Seller pursuant to the terms of this Agreement, an amount equal to the excess of (x) the Net Book Value (or, if applicable, the Finance Lease Balance) of such Transferred Container on the related Transfer Date over (y) all rental and other payments received by the Indenture Trustee, on behalf of the Noteholders, with respect to such Transferred Container and the Transferred Assets since the related Transfer Date.

Warranty Purchase Amount. With respect to any Container, the Purchase Price allocable to such Container. Capitalized terms used in this Purchase Agreement and not otherwise defined shall have the meanings set forth in the Loan Agreement.

Warranty Purchase Amount. As defined in the Contribution and Sale Agreement or the “Reconveyance Price” in the applicable Container Transfer Agreement, as context may require.

Warranty Purchase Amount. With respect to any Container, (i) the “Warranty Purchase Amount” (as defined in each Container Sale Agreement) or (ii) the sum of the “Agreed Values” (as defined in each Container Transfer Agreement) of “Non-Conforming Assets” (as defined in each Container Transfer Agreement) owned by the Issuer, as applicable.

Warranty Purchase Amount shall have the meaning set forth in Section 1.1 of the Purchase Agreement. Other capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Loan Agreement or, if not defined therein, as defined in the Security Agreement.

Warranty Purchase Amount means, for each Lease Contract ------------------------ required to be repurchased by Seller pursuant to Section 7.01 of the ------------ Purchase Agreement, the amount required to be paid by Seller for such Lease Contract pursuant to such Section 7.01. -------------

Warranty Purchase Amount. With respect to any Managed Container, an amount equal to the Net Book Value of such Managed Container on the date of repurchase by the Seller from the Borrower pursuant to the Contribution and Sale Agreement. “Weighted Average Age”: For any date of determination, an amount equal to (i) the sum of the products, for each Managed Container, of (A) the age in years of such Managed Container and (B) the Net Book Value of such Managed Container, divided by (ii) the Aggregate Net Book Value. 39