Non-Returned Device Clause Samples

Non-Returned Device. If the Customer has not returned such Device (other than as a result of an exercise by the Customer of its purchase option or by making a payment in lieu of delivery of the Device): (A) on or prior to the last day of the Scheduled Customer Lease Term of the related Customer Lease, payment by Servicer to Lessor of the sum of (1) all previously accrued and unpaid Rental Payments, if any, plus (2) the Rental Payments that would have accrued during the remainder of the Scheduled Device Lease Term, plus (3) the Device Residual Value as of the Expected Sales Date; or (B) at any time after the last day of the Scheduled Customer Lease Term of the related Customer Lease but prior to the Device Lease Expiration Date for such Device, payment by Servicer to Lessor of the sum of (1) all previously accrued and unpaid Rental Payments during the Scheduled Device Lease Term, if any, plus (2) the lesser of (x) the Device Residual Value as at the date of termination, and (y) the Device Residual Value as of the Expected Sales Date.