Contract Residual Value definition

Contract Residual Value means, with respect to any Closed-End Vehicle, the residual value of the Closed-End Vehicle at the scheduled termination of the lease as set forth in the related lease agreement.
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Contract Residual Value means, with respect to any Leased Vehicle, the value of the Leased Vehicle at the related Maturity Date as established by the Servicer at the time of origination of the related Lease Agreement in accordance with the Customary Servicing Practices for the purpose of determining the Monthly Payment.
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Contract Residual Value means the residual value of a 2016-2 Vehicle set forth in the related 2016-2 Lease.
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Examples of Contract Residual Value in a sentence

  • The Lease (if not an Advance Payment Plan Lease) provides for monthly payments in U.S. dollars in an amount equal to the sum of (i) a level scheduled payment that provides a fixed internal rate of return and amortizes the Adjusted Capitalized Cost stated in the Lease to the Contract Residual Value of the related Leased Vehicle over the term of the Lease, plus (ii) other fees and taxes on the Lease.

  • If such Leased Vehicle is allocated to (i) the Lending Facility Pool, the purchase price shall equal the Contract Residual Value relating to such Lease Vehicle as of the related Maturity Date or (ii) a Designated Pool, the purchase price shall be determined as set forth in the related Servicing Supplement.

  • The 20__-_ 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 20__-_ Lease Agreement to the Contract Residual Value by the end of the Lease Term, based on the related APR.

  • Exhibit A shall set forth as to each 2023-2 Lease or 2023-2 Vehicle, as the case may be, the (i) vehicle identification number, (ii) date of origination, (iii) ALG Residual Value, (iv) Contract Residual Value, (v) Securitization Value as of the Cutoff Date, (vi) Monthly Payment and (vii) number of months remaining from the Cutoff Date to the month in which the Maturity Date occurs.

  • If such Leased Vehicle is allocated to (i) the Lending Facility Pool, the purchase price shall equal the Contract Residual Value of such Lease Agreement as of the related Maturity Date or (ii) a Designated Pool, the purchase price shall be determined as set forth in the related Servicing Supplement.


More Definitions of Contract Residual Value

Contract Residual Value means the residual value of a 2019-1 Vehicle set forth in the related 2019-1 Lease.
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Contract Residual Value means, for a Lease, the dollar amount stated in the Lease as the value of the related Leased Vehicle at the Scheduled Lease End Date, which amount may be adjusted if the Lease is extended.
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Contract Residual Value means, with respect to any Closed-End Vehicle, the residual value of the Closed-End Vehicle at the scheduled termination of the lease established or assigned by World Omni Financial Corp. at the time of origination of the lease and set forth in the related lease agreement.
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Contract Residual Value means the residual value of a 20[__]-[__] Vehicle set forth in the related 20[__]-[__] Lease.
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Contract Residual Value means, with respect to any Contract that is a lease in form, the dollar amount so designated as such by the Servicer as of the origination date of the Contract.
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Contract Residual Value means the residual value of the vehicle set forth in the Lease schedule attached as Exhibit A hereto.
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Contract Residual Value means the residual value of the vehicle set forth in the Lease schedule attached as Exhibit A hereto.
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