Common use of Where Clause 15 Clause in Contracts

Where Clause 15. 1.1.1 applies the following calculation shall be made for all Vehicles terminated and the Customer will pay it to the Supplier or vice versa, as appropriate, within twenty one (21) days following the termination: 16.1.1 the Vehicles' Net Book Value; and 16.1.2 the sum of the maintenance charges actually incurred by the Supplier; less 16.1.3 maintenance payments actually paid by the Customer to the date of termination of each Vehicle Agreement; less 16.1.4 any advance Rentals paid by the Customer; less 16.1.5 the sales proceeds of the Vehicle or, if the Supplier does not sell any Vehicle, the "clean" value of that Vehicle as calculated in accordance with the Vehicle Agreement as at the date of termination, provided that if the payment is due from the Customer to the Supplier and the Termination Sum is lower in respect of such terminated Vehicles then the Customer shall only be obliged to pay the Termination Sum.