Residual Payments. Lender shall be entitled to receive 100% of the Residuals attributable to any Facility Contract until Lender shall have recovered the balloon payment/Estimated Residual amount set forth in the applicable Amortization Schedule (which Lender shall have full recourse to Borrower).
Appears in 2 contracts
Sources: Loan and Security Agreement (PDS Financial Corp), Loan and Security Agreement (PDS Financial Corp)