Collateral Cost definition

Collateral Cost means an expense incurred by an assistive device lessor or a consumer in connection with the repair of a nonconformity, including the costs of sales tax and of obtaining an alternative assistive device. Collateral cost includes the cost to the consumer of returning a nonconforming assistive device.

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Collateral Cost means the cost of the Collateral (including Soft Collateral) described in any Loan Schedule.

Collateral Cost means, with respect to any property or asset, the portion of the Purchase Price attributable to such property or asset, determined by reference to Lucent's invoice therefor, disregarding amounts attributable to installation and related services, other intangibles and sales taxes.

Examples of Collateral Cost in a sentence

Borrower agrees that Lender may fill in the Advance Date below on the date the Collateral Cost is advanced.
The Collateral Cost shall be billed on a quarterly basis in arrears following the Distribution Date.
The first and last Basic Loan Payments shall be due on the Commencement Date, and at Lender’s option, may be deducted from the Collateral Cost funded on the Advance Date.
At the expiration of the Basic Loan Term of this Loan, Borrower shall make a Final Payment equal to seven and one-half percent (7.5%) of the original Collateral Cost for all and not less than all the Collateral set forth on this Loan Schedule.
Lender and Borrower agree that the Basic Loan Payment described herein is based on a Loan Rate Factor of 2.7196% which equates to $27.196 for each full $1,000 of Collateral Cost and that the Basic Loan Payment shall be adjusted upwards or downwards by such Loan Rate Factor to the extent by which the actual purchase price financed by Lender for the Collateral (“Actual Cost”) is greater or lesser than the Collateral Cost indicated above, and thereafter, the Actual Cost shall be the Collateral Cost.
Lender and Borrower agree that the Basic Loan Payment described herein is based on a Loan Rate Factor of 2.944% which equates to $29.44 for each full $1,000 of Collateral Cost and that the Basic Loan Payment shall be adjusted upwards or downwards by such Loan Rate Factor to the extent by which the actual purchase price paid by Lender for the Collateral (“Actual Cost”) is greater or lesser than the Collateral Cost indicated above, and thereafter, the Actual Cost shall be the Collateral Cost.
If Borrower fails to provide evidence of such insurance or to deliver evidence of renewal of each such policy within ten (10) days of request therefor from Lender, then Borrower agrees to pay Lender a non-compliance fee equal to 1% of the Collateral Cost for all Collateral covered under this Loan each month until such evidence is provided to Lender.
Payment of the Collateral Cost by SCST shall be due within 15 calendar days after receipt by SCST of the applicable Yellow bill or invoice.
The Basic Loan Payment is conditional upon Lender acquiring the Collateral at the Collateral Cost indicated above.
If the Borrower fails to provide evidence of such insurance or to deliver evidence of renewal of each such policy then Borrower agrees to pay Lender a non-compliance fee equal to 1% of the Collateral Cost for all Collateral covered under this Loan each month until such evidence is provided to Lender.

More Definitions of Collateral Cost

Collateral Cost means in respect of a class of Equity Contracts, an annual

Collateral Cost. (1) Collateral Cost for any fiscal quarter ending on or prior to the second anniversary of the Distribution Date shall equal the sum of the cost billed by third parties to Yellow and its Subsidiaries in connection with providing Collateral as determined by Yellow (such billings in any fiscal ▇▇▇▇▇▇▇, the "Billed Cost").

Collateral Cost means expenses incurred by a consumer in