Residual Value definition
Examples of Residual Value in a sentence
If the Net Proceeds of Sale exceeds the Estimated Residual Value, the amount of the difference promptly shall be paid by Lessor to Lessee.
If the Equipment has not been sold on the expiration date of the original lease term relating thereto, then the Net Proceeds of Sale shall be deemed to be zero; and promptly upon demand Lessee shall pay to Lessor an amount equal to the Estimated Residual Value of the Equipment.
The sale price as of the end of the third (3rd ) year following the Effective Date of the Amendment will be equal to the present value, on the date of the sale, of all the amounts due (rent and Residual Value at the end of the Agreement) until the agreement expires.
Residual Value The value of goods at a point in the future – normally the end of a finance agreement.
Work or Development Work refers to the development work carried out in the Building and financed by the Lessor Residual Value: refers to the Financial Amount Outstanding remaining due at the expiration of the Agreement after payment of the final installment of rent.