Monthly Lease definition
Examples of Monthly Lease in a sentence
Any Lease included in a Lease Asset that has reached its Scheduled Lease End Date, with respect to which (x) the Lessee has paid all Monthly Lease Payments required under the terms of such Lease and (y) the Lessee has agreed with the Servicer to extend the term of such Lease and to continue making Monthly Lease Payments under such Lease in an amount as agreed between the Lessee and the Servicer in accordance with Customary Servicing Practices.
If the amounts applied under the first two sentences of this Section 3.05(a) shall be less than the Monthly Lease Payment, whether as a result of any extension granted to the Lessee or otherwise, then an amount equal to the Applied Payments Ahead, if any, with respect to such Lease Asset shall be applied by the Servicer to the extent of the shortfall, and the Payments Ahead with respect to such Lease Asset shall be reduced accordingly.
Any Warranty Payment shall be applied to reduce any Outstanding Advances and such Warranty Payment or Administrative Purchase Payment, as applicable, shall be applied to the Monthly Lease Payment, in each case to the extent that the payments by or on behalf of the Lessee shall be insufficient, and then to prepay such Lease Asset in full.
Second, the amount of any such payments that are not Supplemental Servicing Fees, Excluded Amounts or Sales and Use Tax Amounts in excess of any such Outstanding Advances with respect to such Lease Asset shall be applied to the Monthly Lease Payment with respect to such Lease Asset.
Sunrun’s expected federal tax credits associated with the Solar System have been factored into the calculation of your Monthly Lease Payment.
Monthly Lease Payments on the modified or new Lease will be applied pursuant to the Indenture.
The Monthly Lease Charge is intended to be fixed from the Commencement Date to the end of the term.
The monthly fee and the Monthly Lease Fee (and any other monthly recurring fee, if any) shall cease to apply for any months after the billing month in which you cancel or terminate your account in accordance with this Agreement.
Your Monthly Lease Payment is not tied to the actual output of the Solar System.
The lease charges for the Equipment leased pursuant to this Lease Agreement shall be the aggregate "Monthly Lease Charge(s)" as set forth on each and every Lease Schedule executed pursuant hereto (the aggregate "Monthly Lease Charge(s)" are the "Lease Charges").