Guaranteed Residual Value definition

Guaranteed Residual Value means that amount necessary to cause the present value of the aggregate Minimum Lease Payments under this Lease, including the present value of the Guaranteed Residual Value, to not exceed eighty nine and 9/10 percent (89.9%) of the Funded Amount, computed at the Date of Lease and discounted to present value as of the Rent Commencement Date using the interest rate implicit in the Lease or the incremental borrowing rate, whichever is higher, all as calculated and determined pursuant to Statement of Financial Accounting Standards Number 13. "Minimum Lease Payments" shall mean the sum of the aggregate Base Rent payable over the Initial Term and the Extension Term, plus imputed interest on the non-interest bearing portion of the Security Deposit imputed at a market rate of interest for an investment for a similar term, plus the Guaranteed Residual Value, plus the following to the extent paid in cash: custodial and other fees paid by Tenant, and any other reimbursed costs of Landlord paid by Tenant deemed to meet the definition of Minimum Lease Payments under SFAS No. 13.

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Guaranteed Residual Value means ninety-seven percent (97%) of the Lease Investment Balance.

Guaranteed Residual Value means the maximum amount, the present value of which, when added to the present value of the Tenant's other minimum lease payments under this Lease, both discounted to the Improvements Commencement Date using the appropriate discount rate, creates a sum which approximately equals but does not exceed eighty-nine and nine/tenths percent (89.9%) of the Lease Investment Balance at such date. These calculations will be performed in accordance with the provisions of Statement of Financial Accounting Standards Number 13.

Examples of Guaranteed Residual Value in a sentence

Tenant agrees that the Landlord will be deemed to be acting in good faith if it refuses to sell its interest for less than the excess of the Lease Investment Balance over the Guaranteed Residual Value.
If the Guaranteed Residual Value has not previously been determined as of the date Tenant's liability under this Section 19.2 has been established, then the Guaranteed Residual Value shall be determined as of the date Tenant's liability hereunder is established.
Equity Commitment Amount" shall mean the Lease Investment Balance as of the Improvements Commencement Date minus the Guaranteed Residual Value as specified in the Rent Commencement Date Memorandum executed by the parties as provided in SECTION 6.2 below; provided, however, that in no event shall the Equity Commitment Amount exceed the Equity Commitment Maximum Amount.
During the Marketing Period, the obligation of the Lessee to pay Rent shall continue undiminished until payment in full to the Lessor of the Guaranteed Residual Value and all other amounts due to the Lessor with respect to the Leased Assets under the Operative Documents to which the Lessee is a party.
Guaranteed Residual Value Payments shall be remitted to Assignee as received into the Lockbox or otherwise.

More Definitions of Guaranteed Residual Value

Guaranteed Residual Value means, as to a particular Apportioned Property, the percentage of such Apportioned Property's Property Cost set forth for such Apportioned Property in the Lease Supplement, expressed in Dollars. Guaranteed Residual Value for a Term and a particular Apportioned Property is calculated pursuant to the following four steps:

Guaranteed Residual Value means the guaranteed portion of the Lease Balance determined in accordance with the "90%" test set forth in FASB No. 13 which, with respect to each Leased Asset, is set forth in, or determined pursuant to, the Lease Supplement therefor.

Guaranteed Residual Value means the Guaranteed Residual Value for the Property set forth in the Lease Supplement.

Guaranteed Residual Value means with respect to each Lease Supplement an amount, the present value of which when added to the present value of the Tenant's minimum lease payments under this Lease, both present valued to the Date of Lease using the implicit rate in this Lease, creates a sum which is not to exceed Eighty-Nine and Nine Tenths Percent (89.9%) of the Lease Investment Balance, or if applicable, pursuant to the terms of Section 6.3 ----------- below, of each of the Site Investment Balance and the Improvements Investment Balance. These calculations will be performed in accordance with the provisions of Statement of Financial Accounting Standards Number 13. In no event shall the Guaranteed Residual Value exceed the Lease Investment Balance multiplied by the Guaranteed Residual Value percentage (which will be set forth in the Rent Commencement Date Memorandum executed by Landlord and Tenant in connection with each Lease Supplement) plus accrued and unpaid Base Rent and Additional Rent.

Guaranteed Residual Value means the net capitalized cost (as defined in the “Example Guaranteed Depreciation Calculation” section of the Program) minus the product of the Daily Rate (as defined in the “Guaranteed Depreciation - Eligible Models and Rates” section of the Program) for the applicable Eligible Vehicle multiplied by the total number of In-Service (as defined under the Program) days.

Guaranteed Residual Value shall have the meaning specified in the definition of Residual Value.

Guaranteed Residual Value means an amount which is indicated on each Lease Supplement as of the Date of Lease.

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