Concluding Payment definition

Concluding Payment means the payment for a given date equal to the sum of the outstanding principal balance as of that date, plus any unpaid accrued interest as of that date, plus any prepayment premium, plus one dollar ($1.00).

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Concluding Payment means the unpaid principal balance of a Lease as of the due date of each Lease Payment as set forth on the related Schedule, assuming that Lessee has paid the Lease Payment that is due on such date;

Concluding Payment means the sum of all future Lease Payments due hereunder, plus any amount necessary to enable the Lessor to defease the Bonds to the next optional redemption date, including any premium that may be due on the Bonds on such redemption date.

Examples of Concluding Payment in a sentence

• During the term of the Lease the Concluding Payment – primarily consisting of unpaid principal – declines as each Lease Payment is made and applied.

• In the event Lessee is obligated to make such payment with respect to less than all of the Equipment, Lessor will provide Lessee with the pro rata amount of the Lease Payment and Concluding Payment to be made by Lessee with respect to the Equipment which has suffered the Event of Loss.

• In no event shall the property insurance limits be less than the amount of the then applicable Concluding Payment with respect to such Equipment.

• If Lessor determines that any item of Equipment is lost, stolen, destroyed or damaged beyond repair, Lessee, at the option of Lessor, will either (a) replace the same with like equipment in good repair, or (b) on the next Lease Payment date, pay Lessor (i) all amounts then owed by Lessee to Lessor under this Lease, including the Lease Payment due on such date, and (ii) an amount equal to the applicable Concluding Payment set forth in Schedule A opposite such Lease Payment Date.

• In no event will the insurance limits be less than the amount of the then applicable Concluding Payment with respect to such Equipment, as shown on the applicable Schedule.

• The Concluding Payment for a given date shall be defined as the sum of the outstanding principal balance as of that date, plus any unpaid accrued interest as of that date, plus any prepayment premium, plus one dollar ($1.00).

• Upon thirty (30) days prior written notice from Lessee to Lessor, and provided that there is no Default then existing, Lessee shall have the right to purchase all (but not less than all) of the Equipment on any Lease Payment Date, as permitted in the Leasing Schedule, by paying to Lessor, on such date, the Lease Payment then due together with the Concluding Payment amount for such date as set forth in the Leasing Schedule.

• In the event that Lessee is obligated to make such payment pursuant to subparagraph (b) above with respect to less than all of the Equipment, Lessor will provide Lessee with the pro rata amount of the Concluding Payment to be made by Lessee with respect to the Equipment which has suffered the event of loss.

• Lessee and Lessor shall cause the net proceeds of any insurance claim (including self-insurance) or condemnation award to be applied, at Lessor’s option, to (i) the prompt repair, restoration, modification or replacement of the applicable Equipment so affected or (ii) the payment in full of the then applicable Concluding Payment.

• In no event will the insurance limits be less than the amount of the then applicable Concluding Payment with respect to such Equipment.

More Definitions of Concluding Payment

Concluding Payment means the final Lease Payment of a Lease as set forth on the related Schedule;

Concluding Payment shall have the same meaning as set forth in Section 14 herein;