ALG Residual Value definition

ALG Residual Value means the residual value of the vehicle set forth as the ALG Residual Value in the Lease schedule attached as Exhibit A hereto, which shall be the lesser of (i) the ALG residual values of the 2012-1 Vehicles at the scheduled termination of the related 2012-1 Leases at the time the related 2012-1 Lease was signed and (ii) the ALG residual values of the 2012-1 Vehicles at the scheduled termination of the related 2012-1 Leases provided by ALG in February 2012.

ALG Residual Value means, for a Lease, the expected value of the related Leased Vehicle at the related Scheduled Lease End Date, calculated using the residual factors supplied by Automotive Lease Guide in effect as of the date the related Lease was originated.

ALG Residual Value means, with respect to a 2016-A Lease, the expected wholesale value of a 2016-A Vehicle at its Maturity Date based on a residual value estimate provided by the Automobile Lease Guide at the time such 2016-A Lease was originated.

Examples of ALG Residual Value in a sentence

• The residual value loss rates are indicated as the difference between the ALG Residual Value at origination and the actual amounts received for the off-lease vehicles.

• If the user on the left wants to reach the user on the right, then the view of the network for that user is as shown in slide 5.

• Compare to the lesser of: (i) the ALG Residual (stated in the “ALG MLI” column in the Data File), (ii) the Contract Residual value stated in the Data File, or (iii) the Updated ALG Residual Value (stated in the “ALG MTM” column in the Data File).

• Base Residual ValueCompare to the lesser of: (i) the ALG Residual (stated in the “ALG MLI” column in the Data File), (ii) the Contract Residual value stated in the Data File, or (iii) the Updated ALG Residual Value (stated in the “ALG MTM” column in the Data File).

• Base Residual ValueCompare the Base Residual Value stated in the Data File to the lesser of: (i) the ALG Residual (stated in the “ALG MLI” column in the Data File); (ii) the Contract Residual value stated in the Data File; or, (iii) the Updated ALG Residual Value (stated in the “ALG MTM” column in the Data File).

More Definitions of ALG Residual Value

ALG Residual Value means (a) the residual value percentage estimate published by ALG for the appropriate Closed-End Vehicle and term by (b) the lower of (i) the actual MSRP and (ii) MRM published by ALG, in each case, at the time of origination of the lease for such Closed-End Vehicle.

ALG Residual Value means the residual value of the vehicle set forth as the ALG Residual Value in the Lease schedule attached as Exhibit A hereto.

ALG Residual Value means, with respect to a Leased Vehicle subject to a Closed-End Lease, an amount equal to the residual percentage of the manufacturer’s suggested retail price of such Leased Vehicle specified in the ALG Residual Percentage Guide published by Automotive Lease Guide for the make and model of such Leased Vehicle and the lease term of such Closed-End Lease.

ALG Residual Value means, with respect to a 201[__]-[__] Lease, the expected wholesale value of a 201[__]-[__] Vehicle at its Maturity Date based on a residual value estimate provided by the Automobile Lease Guide at the time such 201[__]-[__] Lease was originated.

ALG Residual Value means the residual of a 20[__]-[__] Vehicle set forth as the ALG Residual Value in the lease schedule attached as Exhibit A to the 20[__]-[__] SUBI Supplement, which shall be the lesser of (i) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases at the time the related 20[__]-[__] Lease was signed and (ii) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases provided by ALG in [________] 20[__].

ALG Residual Value means, with respect to a 2012-A Lease, the expected wholesale value of a 2012-A Vehicle at its Maturity Date based on a residual value estimate provided by the Automobile Lease Guide at the time such 2012-A Lease was originated.

ALG Residual Value means the residual value of the vehicle set forth as the ALG Residual Value in the Lease schedule attached as Exhibit A hereto, which shall be the lesser of (i) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases at the time the related 20[__]-[__] Lease was signed and (ii) the ALG residual values of the 20[__]-[__] Vehicles at the scheduled termination of the related 20[__]-[__] Leases provided by ALG in [________] 20[__].