Monthly Depreciation definition

Monthly Depreciation means, with respect to any Measuring Period and with respect to any Aircraft, the aggregate monthly depreciation expense calculated for such Aircraft based upon the Aircraft Value of such Aircraft as of the related Transfer Date, using the straight-line method of depreciation and assuming a 15% residual value and a useful life of 25 years from the date of manufacture.

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Monthly Depreciation means with respect to any Measuring Period and with respect to any Portfolio Railcar, the aggregate depreciation expense of the Borrower for such Measuring Period in respect of such Portfolio Railcar, calculated for such Railcar based upon the Original Value of such Railcar, using the straight-line method of depreciation and assuming a 10% residual value and a useful life of 35 years (25 years in the case of Autoracks) from the date of manufacture.

Monthly Depreciation means with respect to any Measuring Period, the aggregate depreciation expense of the Borrower for such Measuring Period in respect of the Portfolio Railcars, calculated for each such Portfolio Railcar as the product of (i)(a) from the Closing Date until the Revolving Termination Date, 0.214% and (b) for the period from the Revolving Termination Date until the Maturity Date, 0.417% and (ii) the Original Purchase Price for such Portfolio Railcar based upon the Original Purchase Price therefor paid by the Borrower (in the case of Portfolio Railcars purchased by the Borrower from a seller other than GBX Leasing or an Affiliate thereof) or GBX Leasing (in the case of Portfolio Railcars transferred to the Borrower under the Asset Contribution and Sale Agreement).

Examples of Monthly Depreciation in a sentence

If the manufacturer’s quoted price increases prior to the Date of Delivery of a Vehicle, then you agree that for each $50 increase in price (or fraction thereof), Original Value shall be increased by $50.00, Monthly Depreciation shall be increase by $0.65, and the Fixed Charge per Month shall be increased by $1.30.
The Servicer shall determine the amount of the payments made by the Lessees or the Guarantor under the Lease and deposited into the Collection Account that are properly characterized as GM Past Due Monthly Depreciation Charges or Monthly GM Mileage Charges in accordance with the Lease Annex and the Servicer shall deliver an Officer’s Certificate of the Servicer to the Trustee and the Issuer certifying the amount, if any, of any such payments.
The Original Value, Monthly Depreciation and Fixed Charge Per Month listed are based, in part, upon the manufacturer’s quoted price as of the date you execute this Schedule A.
The Original Value, Monthly Depreciation and Fixed Charge Per Month listed above are based, in part, upon the manufacturer's quoted price as of the date you execute this Schedule A.
If this amount varies by $50.00 or more in price, the Original Value, Monthly Depreciation and Fixed Charge per Month will be adjusted as indicated in (3) above.
The Monthly Depreciation listed in the revised “2014 Chrysler Group LLC Guaranteed Depreciation Program Rules” will apply.
If this amount varies by $50.00 or more in price, the Original Value, Monthly Depreciation and Fixed Charge per Month will be adjusted as indicated in Section 5 above.
The Lessee shall promptly purchase and pay for the Vehicle, if Lessor so requests, at its Depreciated Value (i.e., its Original Value as specified in Schedule A, less a sum equal to its Monthly Depreciation specified in Schedule A, multiplied by the number of Monthly Rentals that have been paid).
Lessee shall pay Lessor as liquidated damages for loss of income a sum equal to the Monthly Rental less the amount of the Monthly Depreciation for each month of the original term of the lease remaining after the termination.
If the manufacturer’s quoted price increases prior to the Date of Delivery of a Vehicle, then you agree that for each $50 increase in price (or fraction thereof), Original Value shall be increased by $50.00, Monthly Depreciation shall be increased by $0.65, and the Fixed Charge per Month shall be increased by $1.30.

More Definitions of Monthly Depreciation

Monthly Depreciation means(a) for any Portfolio Railcar subject to an Operating Lease, with respect to any Measuring Period, the aggregate depreciation expense of the Borrower for such Measuring Period in respect of the Portfolio Railcars, calculated for each such Portfolio Railcar based upon the Original Purchase Price therefor paid by the Borrower (in the case of Portfolio Railcars purchased by the Borrower from a seller other than TILC) or TILC (in the case of Portfolio Railcars transferred to the Borrower under the Asset Contribution and Purchase Agreement), using the straight-line method of depreciation and assuming a 10.00% residual value and a useful life of 35 years from the date of manufacture according to the following: Monthly Depreciation = ULM R ULM AR OPP )1( )1( 1     Where: “OPP” equals the Original Purchase Price with respect to such Portfolio Railcar; “R” equals 0.10 (the residual value of any Portfolio Railcar); “A” equals the age of such Portfolio Railcar, as of the Funding Date with respect to such Portfolio Railcar, expressed in months since date of manufacture; and “ULM” equals 420 (the useful life of any Portfolio Railcar, expressed in terms of months).; and 747656567 17557858 39 Fifth Amended and Restated Warehouse Loan Agreement

Monthly Depreciation means, with respect to any Aircraft, the quotient obtained by dividing (a) the product of (i) the Purchase Price of such Aircraft multiplied by (ii) 90%, by (b) the Remaining Useful Life of such Aircraft.

Monthly Depreciation means, “Monthly Depreciation” means(a) for any Portfolio Railcar subject to an Operating Lease, with respect to any Measuring Period, the aggregate depreciation expense of the Borrower for such Measuring Period in respect of the Portfolio Railcars, calculated for each such Portfolio Railcar based upon the Original Purchase Price therefor paid by the Borrower (in the case of Portfolio Railcars purchased by the Borrower from a seller other than TILC) or TILC (in the case of Portfolio Railcars transferred to the Borrower under the Asset Contribution and Purchase Agreement), using the straight-line method of depreciation and assuming a 10.00% residual value and a useful life of 35 years from the date of manufacture according to the following: Monthly Depreciation = ULM R ULM AR OPP )1( )1( 1     Where: “OPP” equals the Original Purchase Price with respect to such Portfolio Railcar; “R” equals 0.10 (the residual value of any Portfolio Railcar); “A” equals the age of such Portfolio Railcar, as of the Funding Date with respect to such Portfolio Railcar, expressed in months since date of manufacture; and “ULM” equals 420 (the useful life of any Portfolio Railcar, expressed in terms of months).; and 747656567 17557858 39 Fifth Amended and Restated Warehouse Loan Agreement

Monthly Depreciation means with respect to any Measuring Period, the aggregate depreciation expense of the Borrower for such Measuring Period in respect of the Portfolio Railcars, calculated for each such Portfolio Railcar based upon the Original Purchase Price therefor paid by the Borrower (in the case of Portfolio Railcars purchased by the Borrower from a seller other than TILC) or TILC (in the case of Portfolio Railcars transferred to the Borrower under the Asset Contribution and Purchase Agreement), using the straight-line method of depreciation and assuming a 10.00% residual value and a useful life of 35 years from the date of manufacture according to the following: Monthly Depreciation = ULM R ULM AR OPP )1( )1( 1 − × ×− − Where: “OPP” equals the Original Purchase Price with respect to such Portfolio Railcar; “R” equals 0.10 (the residual value of any Portfolio Railcar); “A” equals the age of such Portfolio Railcar, as of the Funding Date with respect to such Portfolio Railcar, expressed in months since date of manufacture; and