Financed Value definition

Financed Value means, with respect to the Equipment subject to any Program Financing, an amount equal to the sum of (i) the net present value, as of the Program Financing commencement date, of all unpaid periodic payments (principal, rent, interest, fees, costs charges or other amounts payable by an Obligor) under such Program Financing through the stated termination date thereof, discounted at the contract rate with respect to such Program Financing, plus (ii) with respect to any Program Financing reflected on GE Capital’s books and records as a Lease, the net present value, as of the lease commencement date (determined based on a discount rate equal to the contract rate with respect to such Program Financing), of the residual (as determined in accordance with the Residual Policy) in respect of the Equipment subject to such Program Financing. For purposes of Program Financing which are classified for accounting purposes, as of such Program Financing commencement date, as operating leases by GE Capital, “Financed Value” shall be equal to the difference of (x) the original cost of the Equipment subject to such Program Financing minus (y) any payment made by the Obligor as of such commencement date to reduce the Purchase Price of such Equipment.
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Related to Financed Value

  • Financed Vehicle means an automobile, light-duty truck or van, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable.

  • Financed Equipment means an item of agricultural or construction equipment, together with all accessions thereto, which was purchased by an Obligor pursuant to the terms of the related Contract and securing such Obligor’s indebtedness under the respective Receivable.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.