Loss Value definition

Loss Value means, unless otherwise provided in the Lease, the fair market value of Equipment (or applicable component thereof) as of the first day of the month during which an Event of Loss occurs, as determined by Xxxxxxxx.

Loss Value means the amount of money indicated in a given loss to include costs of repairs or replacement costs.

Loss Value has the meaning given to it in the Insurance Agreement.

Examples of Loss Value in a sentence

• Upon receipt by Lessor of the Casualty Loss Value: (i) the applicable Equipment shall be removed from the Lease Schedule; and (ii) Lessee’s obligation to pay Lease Charges associated with the applicable Equipment shall cease.

• The proceeds of any loss or damage insurance shall be held in trust for Lessor until such time as Lessee either (i) provides Lessor satisfactory proof that the damage has been repaired and the Equipment has been restored to good working order and condition or (ii) pays to Lessor the Casualty Loss Value.

• Until the Equipment is returned to Lessor or as otherwise herein provided, whether or not this Lease Agreement has terminated as to the Equipment, Lessee, at its expense, shall maintain: (i) property and casualty insurance insuring the Equipment for its Casualty Loss Value naming Lessor or its assigns as sole loss payee; and (ii) commercial general liability insurance insuring against liability for bodily injury and property damage naming Lessor and its assigns as additional insureds.

• On each business day, the Clearing House will determine a " Combined Loss Value" in respect of each of the 30 preceding business days.

• Upon an event of default, the Lessor may declare immediately due and payable as a pre-estimate of liquidated damages for loss of bargain and not as a penalty, the Stipulated Loss Value of the Products in lieu of any further Rent.

More Definitions of Loss Value

Loss Value has the meaning set forth in Section 18.C(ii).

Loss Value means, with respect to any Part suffering an Event of Loss, the amount equal to the arithmetic mean of the prices in United States dollars at which parts of the same type and quality as, or of a type and quality similar to or reasonably interchangeable with, the Part suffering the Event of Loss (if any) shall have been invoiced for sale by the Consignee, in arms length transactions to purchasers who are not affiliated with, do not control or are not controlled by, or under common control with, the Consignee during the period commencing three (3) months prior to the discovery of such Event of Loss and ending on the date of the discovery of such Event of Loss (or such longer period as may be necessary to have at least three relevant transactions within the relevant period); and, if no such invoiced prices are available for a Part, the applicable Loss Value shall be the price established by the mutual agreement of Consignor and Consignee, or in the absence of an agreement, the price determined to be the fair market value of such Part by a mutually acceptable third-party appraiser.

Loss Value has the meaning set out Section 10.2(a)(v).

Loss Value means, unless otherwise stipulated in the Rental Agreement, an amount equal to the greater of the fair market value, as determined by PREMIER in its sole discretion, or PREMIER’s lease book value of a unit of Equipment, in each case calculated the Payment Period immediately following the Loss Payment Date.

Loss Value means the amount owing to BOQ Credit by a Contracted Customer at a particular point in time. Monthly Weighted Average Customer Risk Grade means the average calculated on a monthly basis of the actual Customer Risk Grade of all Contracted Customers introduced by the Dealer to BOQ Credit for a particular month.

Loss Value with respect to an Aircraft or Engine means an amount equal to the sum of (i) all Obligations under the Credit Agreement related to such Aircraft or Engine and (ii) all UniCapital Revolver Obligations related to such Aircraft or Engine.

Loss Value means 100% of the amount necessary to pay in full, as of the date of payment thereof, the principal and accrued interest on the Loan attributable to such Aircraft, plus any corresponding prepayment premium calculated pursuant to the terms of the Note. If an Event of Loss occurs during a period of time when no prepayment is permitted, the Loss Value will include a prepayment premium in an amount equal to one percent (1.0%) of the then outstanding principal balance remaining under the Note attributable to such Aircraft.