Estimated Residual Value definition

Estimated Residual Value. , in relation to leased goods, means the lessor’s reasonable estimate of the wholesale value of the leased goods at the end of the lease term; (“valeur résiduelle estimative”)

Estimated Residual Value means the reasonable estimate, made by the lessor at the time the lease was entered into, of the wholesale value of the leased goods at the end of the term;

Estimated Residual Value means the applicable percentage of Capitalized Lessor's Cost listed under "TRAC Amount" in Table I;

Estimated Residual Value for any Item of Equipment means the amount obtained by multiplying (a) the percentage set forth in the Lease Supplement for such Item under the caption "Estimated Residual Value Percentage" applicable to the Basic Term or Renewal Term then ending, by (b) the Acquisition Cost for such Item.

Estimated Residual Value means **% of Lessor's Cost of the Equipment as set out on the Schedule; ** REFER TO TABLE I TO SCHEDULE NO. 001 ("LESSOR RESIDUAL RISK AMOUNT") FOR APPLICABLE PERCENTAGES.

Estimated Residual Value means the estimated residual value, at the end of the term of the Finance Contract of the Financed Product, as determined by LTPF at the inception of the Financing in accordance with GAAP and the Annual Operating Plan.

Estimated Residual Value means the relevant percentage, as set out in Exhibit 1 to this Schedule, of Lessor's Cost of the Equipment as set out on the Schedule;

Estimated Residual Value for any Item of Equipment means the amount obtained by multiplying (a) the percentage set forth in the Lease Supplement for such Item under the caption "Estimated Residual Value Percentage" applicable to the Basic Term or Renewal Term then ending, by (b) the Acquisition Cost for such Item. "Event of Default" means any of the events referred to in Section 21 hereof. "Event of Loss" with respect to any Item of Equipment means (except as caused by the Lessor's gross negligence or willful misconduct, other than any such negligence or misconduct as may be imputed to Lessor solely by reason of its interest in the Equipment) (i) the permanent loss of such Item of Equipment, (ii) unless the Lessee has irrevocably exercised its purchase option as to that Item under Section 27(b) hereof or the Lessee has irrevocably exercised its sale option as to that Item under Section 27(c) hereof, the loss of the use of such Item of Equipment due to theft or disappearance for a period in excess of 90 days or the remainder of the then applicable Term, whichever is less, (iii) the destruction, the determination that such Item of Equipment is damaged beyond repair, or rendition of such Item of Equipment permanently unfit for normal use for any reason whatsoever, (iv) the condemnation, confiscation, seizure, or requisition of title to such Item of Equipment by any Governmental Authority under the power of eminent domain or otherwise, (v) the confiscation, condemnation, seizure of or requisition of use of such Item of Equipment by any Governmental Authority other than the United States (which shall only be an Event of Loss if continuing at the end of the then-applicable Term) for a period in excess of 360 days (or the remainder of the then-applicable Term, whichever is less), (vi) the use of such Item of Equipment shall have been prohibited in interstate commerce for a continuous period in excess of the lesser of 360 days or the balance of the then-applicable Term as a result of any rule, regulation or order of, or other action by, the U.S. government or any agency or instrumentality thereof or (vii) damage to such Item or any part thereof or any other event that results in an insurance settlement on the basis of a total loss or constructive or compromised total loss. "Expenses" shall mean liabilities, obligations, losses (excluding loss of anticipated profits, provided that such exclusion shall not affect Lessor's right to any Make Whole Amount required to be paid under this Lease),...

Estimated Residual Value for any Item of Equipment shall mean an amount obtained by multiplying (i) the percentage set forth in the Related Exhibit A for such Item under the caption "Estimated Residual Value Percentage" applicable to the Basic Term or Renewal Term then ending, by (ii) the Equipment Cost for such Item.