Early Termination Value definition

Early Termination Value means an amount equal to the difference between (a) (i) if the Early Termination Date occurs after the Commercial Operation Date, the Early Termination Value for the year in which termination occurs as set forth on the Cover Sheet, and (ii) if the Early Termination Date occurs before the Commercial Operation Date, all expenses incurred by Provider subsequent to the execution of this Agreement, including expenses for time and materials and any fees and expenses to outside consultants, advisors and attorneys; and (b) all amounts paid by Buyer for Solar Services pursuant to any invoice issued by Provider during the year in which such termination occurs.
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Early Termination Value means the estimate of the market value of the Goods at the date of termination of this Operating Rental Agreement as reasonably determined by us. Excess Usage Fee means the excess usage fee pursuant to clause 25 and specified in the Goods Schedule. Excessive Wear and Tear means the wear and tear described in Annexure 4 of the Master Operating Rental Agreement.
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Early Termination Value means, in respect of any Swap Agreement, its Swap Market Value;
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Examples of Early Termination Value in a sentence

  • The “Service Term” shall be the initial period of 25 years commencing on the Service Commencement Date, as defined in Section 5.1, unless terminated earlier in accordance with the terms and conditions of this Agreement, and subject to Early Termination Value and Purchase Option pricing as set forth in sections 15 and 16, and as detailed in Exhibit E.

  • Finally, PacLease may, but will not be obligated to, sell the terminated Vehicle(s) to Customer at the Early Termination Value as set forth in the applicable Schedule A Agreement; provided that in no event will the purchase price to Customer be less than twenty percent (20%) of the initial value of such Vehicle(s) as set forth on the applicable Schedule A Agreement.

  • The Early Termination Value for a Leased Vehicle for any particular period during the Lease Term will be equal to (i) the Capitalized Cost of such Leased Vehicle, plus (ii) any Charges due and payable under the Lease Agreement with respect to the Leased Vehicle, less (iii) that part of the Lease Charges paid by Lessee with respect to the Leased Vehicle, which has been earned by Lessor on an actuarial basis.

  • Customer will be liable to PacLease for any amount by which the net sale proceeds of a Vehicle are less than the Early Termination Value of such Vehicle set forth in the applicable Schedule A Agreement.

  • Upon the date of termination, Lessee will pay Lessor an amount equal to any Lease Charges and other Charges then due and owing hereunder to the date of termination, and either (x) the excess, if any, of the applicable Early Termination Value for such Leased Vehicle over the Net Proceeds of any sale, if Lessor was able to sell the Leased Vehicle prior to the termination date, or (y) the applicable Early Termination Value, if Lessor was unable to sell such Leased Vehicle prior to the termination date.

  • We will pay you the net proceeds, if any, up to the Early Termination Value on re-selling or re-renting the Goods (after deducting all costs and expenses incurred).

  • So long as Customer is not in default under the Lease, Customer will have the option to purchase any Vehicle for cash at the Early Termination Value as set forth in the applicable Schedule A Agreement.

  • PacLease may sell any Vehicle(s) subject to early termination at such price as may be obtainable, and Customer will be liable to PacLease for any amount by which the net sales proceeds are less than the Early Termination Value set forth on the applicable Schedule A Agreement.

  • Terms which have initial capital letters and are not otherwise defined in this Letter shall have the meaning set forth in the Lease.

  • In the event that a Leased Vehicle suffers a total loss or is stolen prior to the end of its Lease Term, Lessee will pay Lessor an amount equal to (i) the Lease Charge for the period in which such loss or theft occurs, (ii) any other Charges then due and owing, and (iii) the Early Termination Value, as defined in Paragraph 11(a), for such Leased Vehicle as calculated by Lessor for the period in which such loss or theft occurs.


More Definitions of Early Termination Value

Early Termination Value means, with respect to an Equipment Schedule, a sum equal to the present value of the remaining Monthly Rental payments, less the then applicable portion thereof attributable to the Services as defined in the Services Schedule (referred to as Schedule 1) attached to this Agreement, due under the Initial Term or any Extension REVISED 12/04/98 SABRE GROUP, INC. AND COMDISCO, INC. 6 CONFIDENTIAL
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Related to Early Termination Value

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the ▇▇▇▇-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).