Examples of Base Residual Value in a sentence
The Securitization Value at any given time during the term of a Specified Lease represents the principal amount of Notes that can be amortized by the sum of the Monthly Payments due in respect of the Specified Lease over the remaining lease term, plus the Base Residual Value of the Specified Vehicle.
Securitization Rate) of the Base Residual Value of the related Vehicle and (b) as of the maturity date of the related Lease, the Base Residual Value of the related Vehicle; provided, however, that the Securitization Value of a Terminated Unit is equal to zero.
Due to the recent Securitization Take-Out, on the next date of deterimation, the aggregate Base Residual Value of all Warehouse SUBI Leases that are Eligible Leases scheduled to reach their Lease Maturity Date in any 6 consecutive months will be greater than [***].
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).
If Navistar desires to support a residual value for the Equipment in excess of the Base Residual Value determined by GE Capital (the “Booked Residual Value”), Navistar shall guarantee a residual amount for the Equipment equal to the difference between the Booked Residual Value and the Base Residual Value (the “Guaranteed Residual Amount”).