Lease Payoff Amount definition
Lease Payoff Amount has the meaning set forth in Section 4(h)(xv) below.
Lease Payoff Amount has the meaning set forth in Section 4(g)(xv) below.
Examples of Lease Payoff Amount in a sentence
Thus, if your insurance company honors our claim for the Vehicle’s actual cash value, your liability will be limited to the sum of your policy deductible, any other deductions your insurance company makes in honoring our claim, such as for miles or condition, any other amounts then due under the Lease, applicable taxes and the amount, if any, by which the difference between the Lease Payoff Amount and the vehicle’s actual cash value exceeds $50,000.