CASUALTY VALUES. See attachment hereto. ---------------
CASUALTY VALUES. As set forth in Annex 1 to this Schedule.
CASUALTY VALUES. The Casualty Value of each Unit shall be the percentage of the Purchase Price as set forth in the Attachment to the relevant Schedule entitled "Casualty Values".
CASUALTY VALUES. The Casualty Value of the Aircraft for any Basic Rent Date shall be an amount equal to the Lessor’s Cost multiplied by the factor set forth opposite the rental payment number due on such Basic Rent Date. Upon the exercise of any option to renew the Term by Lessee, Lessor shall provide to Lessee a new Schedule No. 3 to Lease Supplement No. 1 setting forth the Casualty Values for the Renewal Term. BASIC RENT DATE/ NUMBER APPLICABLE PERCENTAGE BASIC RENT DATE/ NUMBER APPLICABLE PERCENTAGE BASIC RENT DATE/NUMBER APPLICABLE PERCENTAGE 1 102.47 31 101.53 61 96.52 2 102.52 32 101.41 62 96.30 3 102.57 33 101.29 63 96.09 4 102.60 34 101.16 64 95.87 5 102.63 35 101.03 65 95.65 6 102.67 36 100.90 66 95.43 7 102.69 37 100.76 67 95.20 8 102.71 38 100.62 68 94.98 9 102.73 39 100.48 69 94.75 10 102.74 40 100.33 70 94.52 11 102.74 41 100.18 71 94.28 12 102.75 42 100.03 72 94.05 13 102.75 43 99.87 73 93.69 14 102.74 44 99.71 74 93.34 15 102.72 45 99.55 75 92.98 16 102.69 46 99.38 76 92.63 17 102.65 47 99.21 77 92.27 18 102.62 48 99.04 78 91.91 19 102.56 49 98.87 79 91.55 20 102.51 50 98.69 80 91.19 21 102.45 51 98.51 81 90.82 22 102.37 52 98.33 82 90.46 23 102.30 53 98.14 83 90.09 24 102.22 54 97.95 84 89.72 25 102.14 55 97.75 85 89.35 26 102.05 56 97.55 86 88.98 27 101.96 57 97.35 87 88.61 28 101.85 58 97.15 88 88.23 29 101.75 59 96.94 89 87.86 30 101.64 60 96.73 90 87.48 Initials: Lessee: PAS Lessor: JEH SCHEDULE NO. 3 TO LEASE SUPPLEMENT NO. 1
CASUALTY VALUES. The Casualty Value of the Equipment covered by the Supplement identified above, as of any date, shall be the amount indicated below opposite the period of time in which such date occurs. Values for those periods between the ones indicated below can be calculated through interpolation of nearest values. Months Expired After Casualty Supplement Commencement Date Value 0 $1,906,548 12 $1,558,794 24 $1,265,185 36 $1,016,953 48 $807,423 60 $630,495 72 $481,022 After the term of lease for such Equipment, and until such item of Equipment has been surrendered to Lessor, as provided in the Master Lease Agreement, the Casualty Value of such Equipment shall be $481,022. Following payment of the Casualty Value, the Lessor and the Lessee shall each make reasonable efforts to obtain bids for the purchase of any existing Equipment suffering such Total Casualty. Such Equipment shall be sold for the highest cash offer then available, or if higher, other offer acceptable to Lessor and Lessee. Upon such sale, the Lessee shall be refunded the amount of the proceeds of the sale less the actual expenses incurred by Lessor in making the sale, including, without limitation, storage, insurance, advertising and sales taxes, but such refund shall not be in excess of the Casualty Value previously paid. Following payment of the Casualty Value, the Lessee shall be entitled to the proceeds of any insurance covering the Equipment suffering such a Total Casualty up to an amount not in excess of the Casualty Value previously paid, but in no event shall the aggregate of amounts refunded to or received by Lessee pursuant to this Schedule B exceed the Casualty Value. This Schedule is hereby attached to and made a part of the Supplement of the Master Lease Agreement bearing date as set forth above, between MERIDIAN LEASING CORPORATION and Lessee named above. SCHEDULE C TO SUPPLEMENT NUMBER 1 To Master Lease Agreement dated January 1, 1994 Between MERIDIAN LEASING CORPORATION (Lessor) And CUSTOM PAPERS GROUP, INC. (Lessee) RENEWAL OPTION: Lessee has the option, with three months prior written notice, provided it has not previously received written notice of default under the terms of the Lease, or if it received such notice of default, has cured such default, to renew the Lease for the Equipment at the end of the Lease Term for Fair Market Value for a designated renewal term, such Fair Market Value to be determined objectively by Lessor. In the event Lessee does not exercise said renewal option...
CASUALTY VALUES. See attachment hereto. -------- ------ Schedule No. 01 to Lease Dated as of February 5, 1998 Between SEQUENOM, INC. and PHOENIX LEASING INCORPORATED
CASUALTY VALUES. The Casualty Values are the amounts as set forth on Exhibit B hereto.
CASUALTY VALUES. The Casualty Value of the Aircraft for any Basic Rent Date shall be the amount set forth opposite such Basic Rent Date. BASIC RENT CASUALTY DATE VALUE ------ ------------- 1-12 $9,602,489.93 13-24 $8,801,421.39 25-36 $7,930,858.27 37-48 $6,987,043.87 49-60 $6,253,592.09 61-72 $5,458,158.47 Initials: Lessee: _________ Lessor: PSK ---------
CASUALTY VALUES. For all Summary Schedules, the Casualty Value is determined for each Unit of Equipment by multiplying the percentage stated opposite the quarter of the Base Term as set forth in Exhibit C by the Equipment cost as stated in the applicable Certificate of Acceptance, interpolating values if necessary. Until the return of all Equipment under an expired Summary Schedule, the percentage will be as stated as of the last quarter of the Base Term.
