Lease Present Value definition
Lease Present Value means (a) in the case of any Sale and Lease-Back Transaction, the purchase price paid by AAMM, the Borrower or any Subsidiary for the equipment being sold and leased back thereunder and (b) in the case of any other Lease Financing, the fair market value as of the commencement of the related lease or leases of such equipment.
Lease Present Value means the present value, as determined by the Borrowers pursuant to their Lease Analysis, of (a) the residual value of an item of Inventory subject to a Lease Agreement, plus (b) all scheduled rental payments provided for under the Lease Agreement.