Common use of Simple Interest Clause in Contracts

Simple Interest. The 2024-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 2 contracts

Sources: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3)

Simple Interest. The 20242021-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242021-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 2 contracts

Sources: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-3)

Simple Interest. The 2024-3 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-3 1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 2 contracts

Sources: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-1)

Simple Interest. The 20242021-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242021-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: 2021 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-3)

Simple Interest. The 20242019-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242019-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: 2019 3 Exchange Note Supplement (GMF Leasing LLC)

Simple Interest. The 20242025-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242025-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: 2025 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2025-3)

Simple Interest. The 20242022-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242022-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Lease Documents

Appears in 1 contract

Sources: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-3)

Simple Interest. The 2024-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: 2024 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-3)

Simple Interest. The 20242020-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242020-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: 2020 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-3)

Simple Interest. The 20242023-3 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242023-3 1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: 2023 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-1)

Simple Interest. The 2024-3 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2024-3 1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: 2024 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-1)

Simple Interest. The 20242022-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20242022-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Lease Documents.

Appears in 1 contract

Sources: Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-3)