Equipment Residual Value definition
Equipment Residual Value means the anticipated residual value of the Equipment related to a Lease upon the expiration of such Lease in accordance with its terms (as such residual value is estimated by the Servicer on or about the date on which such Lease was created in accordance with its normal valuation procedures), but not in excess of any purchase option price with respect thereto set forth in such Lease.
Equipment Residual Value means for any Equipment the anticipated residual value of such Equipment upon the expiration of
Examples of Equipment Residual Value in a sentence
The Transferor shall maintain a net worth, exclusive of the Transferor Interest, that is, at any date of determination, at least equal to 5% of the sum of (i) the Aggregate Pool Balance plus (ii) the Equipment Residual Value calculated at such date.