Certain Values Clause Samples
The "Certain Values" clause defines specific numerical amounts, rates, or other key figures that are to be used throughout the contract. Typically, this clause lists values such as payment amounts, interest rates, deadlines, or thresholds that are referenced in other sections of the agreement. By centralizing these figures, the clause ensures consistency and makes it easier to update or reference important values, thereby reducing the risk of errors or misunderstandings regarding critical contract terms.
Certain Values a. Maximum Lessee Risk Percentage: ____% [not to exceed 90%]
b. Maximum Lessor Risk Percentage: ____% [the difference between 100% and the percentage in item 8a above ]
Certain Values a. Estimated Residual Values: See Schedule B attached hereto.
b. Maximum Obligor Risk: See Schedule C attached hereto.
c. Maximum Obligee Risk: See Schedule C attached hereto.
d. Casualty Loss Values: See Schedule D attached hereto.
e. Debt Component Amortization: See Schedule E hereto. Dated: ___________________, _____. STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not in its individual capacity, but solely as trustee under Trust Agreement dated as of September 30, 1999 Obligee By: -------------------- Name: Title: ▇▇▇▇▇▇ INTERNATIONAL INDUSTRIES, INCORPORATED Obligor By: -------------------- Name: Title: 47 COUNTERPART NO. ____ OF ____ SERIALLY NUMBERED MANUALLY EXECUTED COUNTERPARTS. TO THE EXTENT, IF ANY, THAT THIS DOCUMENT CONSTITUTES CHATTEL PAPER UNDER THE UNIFORM COMMERCIAL CODE, NO SECURITY INTEREST IN THIS DOCUMENT MAY BE CREATED THROUGH THE TRANSFER AND POSSESSION OF ANY COUNTERPART OTHER THAN COUNTERPART NO. 1. Schedule A to Equipment Agreement Supplement [FORM OF] SCHEDULE OF EQUIPMENT TO EQUIPMENT AGREEMENT SUPPLEMENT NO. Subsidiary Name and Chief Executive Office Location of Equipment (Address) Total Type of Model Serial Acquisition Equipment Manufacturer Number Number Cost Schedule B to Equipment Agreement Supplement [FORM OF] ESTIMATED RESIDUAL VALUES TO EQUIPMENT AGREEMENT SUPPLEMENT NO. Estimated Residual Prior to end of*: Value Percentage**: Month 24 Month 36 Month 48 Month 60 * References are to the number of calendar months following the Acceptance Date for an Item of Equipment. ** As a percentage of Acquisition Cost; based on an assumed Applicable Debt Rate of ____%. Schedule C to Equipment Agreement Supplement [FORM OF] MAXIMUM OBLIGOR AND OBLIGEE RISK VALUES Maximum Maximum Obligor Obligee Risk Risk Percentage**: Percentage**: Month 24 Month 36 Month 48 Month 60 * References are to the number of calendar months following the Acceptance Date for an Item of Equipment. ** As a percentage of Acquisition Cost; based on an assumed Applicable Debt Rate of ____%. Schedule D to Equipment Agreement Supplement [FORM OF] CASUALTY LOSS VALUES Casualty Loss Value Payment Date in Percentage of Acquisition Cost Month 4 Month 6 Month 9 Month 12 Month 15 Month 18 Month 21 Month 24 Month 27 Month 30 Month 33 Month 36 Month 39 Month 42 Month 45 Month 48 Month 51 Month 54 52 Month 57 Month 60 All Casualty Loss Value Payment Date ranges in the left hand column are inclusive. Schedule E to Equipment Agreement Supplement [FORM ...