Loss Value definition

Loss Value means, unless otherwise provided in the Lease, the fair market value of Equipment (or applicable component thereof) as of the first day of the month during which an Event of Loss occurs, as determined by ▇▇▇▇▇▇▇▇.

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Loss Value means the amount of money indicated in a given loss to include costs of repairs or replacement costs.

Loss Value has the meaning given to it in the Insurance Agreement.

Examples of Loss Value in a sentence

Subject to the immediately preceding sentence, it is understood and agreed that the amounts set forth on Schedule III of the Lease, for dates other than Rent Payment Dates on which arrears Basic Rent is due, fully reflect appropriate Basic Rent accruals and credits of unearned Basic Rent and, accordingly, no further accrual or credit shall be required whenever Stipulated Loss Value is to be calculated with reference to any such date.
If, upon termination or expiration of the Schedule for any reason, Lessee fails or refuses to return to Lessor a Hardware unit or Software program specified in that Schedule or to pay Lessor the Stipulated Loss Value for a Hardware unit, Lessee shall remain liable for Rent Payments for that unit or program up to the date on which the unit or program is returned to the address specified by Lessor (or on which Lessee has paid Lessor the Stipulated Loss Value).
Proceeds upon sale of the Hardware shall be the sale price paid to Lessor less the Stipulated Loss Value in effect as of the date of default.
If the Hardware is not in Return Condition, Lessee shall, at its option, either restore the Hardware (at Lessee’s cost) to Return Condition or pay for the Hardware at its Stipulated Loss Value if the Hardware is not reasonably repairable.
Lessee shall immediately pay to Lessor without further demand as liquidated damages for loss of a bargain and not as a penalty, the Stipulated Loss Value of the Equipment (calculated as of the rent payment date prior to the declaration of default), and all rents and other sums then due under this Agreement and all Schedules.

More Definitions of Loss Value

Loss Value has the meaning set forth in Section 18.C(ii).

Loss Value means, unless otherwise stipulated in the Rental Agreement, an amount equal to the greater of the fair market value, as determined by PREMIER in its sole discretion, or PREMIER’s lease book value of a unit of Equipment, in each case calculated the Payment Period immediately following the Loss Payment Date.

Loss Value means, with respect to any Part suffering an Event of Loss, the amount equal to the arithmetic mean of the prices in United States dollars at which parts of the same type and quality as, or of a type and quality similar to or reasonably interchangeable with, the Part suffering the Event of Loss (if any) shall have been invoiced for sale by the Consignee, in arms length transactions to purchasers who are not affiliated with, do not control or are not controlled by, or under common control with, the Consignee during the period commencing three (3) months prior to the discovery of such Event of Loss and ending on the date of the discovery of such Event of Loss (or such longer period as may be necessary to have at least three relevant transactions within the relevant period); and, if no such invoiced prices are available for a Part, the applicable Loss Value shall be the price established by the mutual agreement of Consignor and Consignee, or in the absence of an agreement, the price determined to be the fair market value of such Part by a mutually acceptable third-party appraiser.

Loss Value with respect to an Aircraft or Engine means an amount equal to the sum of (i) all Obligations under the Credit Agreement related to such Aircraft or Engine and (ii) all UniCapital Revolver Obligations related to such Aircraft or Engine.

Loss Value means the amount owing to BOQ Credit by a Contracted Customer at a particular point in time. Monthly Weighted Average Customer Risk Grade means the average calculated on a monthly basis of the actual Customer Risk Grade of all Contracted Customers introduced by the Dealer to BOQ Credit for a particular month.

Loss Value has the meaning set out Section 10.2(a)(v).

Loss Value means 100% of the amount necessary to pay in full, as of the date of payment thereof, the principal and accrued interest on the Loan attributable to such Aircraft, plus any corresponding prepayment premium calculated pursuant to the terms of the Note. If an Event of Loss occurs during a period of time when no prepayment is permitted, the Loss Value will include a prepayment premium in an amount equal to one percent (1.0%) of the then outstanding principal balance remaining under the Note attributable to such Aircraft.