MSRP ALG Residual definition

MSRP ALG Residual means, with respect to any Lease and the related Vehicle, the residual value estimate produced by Automotive Lease Guide at the time of origination of the Lease based on the total MSRP of the base vehicle and all VCI authorized options, without making a distinction between the value adding options and non-value adding options.
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MSRP ALG Residual means, with respect to any Lease, residual value estimates produced by Automotive Lease Guide based on the total MSRP of the base vehicle and all VCI authorized options, without making a distinction between the value adding options and non-value adding options.
Sample 1Sample 2Sample 3

Examples of MSRP ALG Residual in a sentence

  • The “Base Residual” means the lowest of (i) the ALG Residual (“ALG Residual”) established in October 2018 as a “mark-to-market” v(ii) the Maximum Residualized MSRP ALG Residual (“MRM Residual”) established in October 2018 as a “mark-to-market” value and (iii) th residual value of the leased vehicle at the scheduled termination of the lease established or assigned by NMAC at the time of origination of the l at the date the lease was terminated by the lessee (the “Contract Residual”).

  • We compared the Base Residual Value appearing on the Final Detailed Lease List to the minimum of: a) the Maximum Residualized MSRP ALG Residual (appearing in the “ALG MLI” column on the Final Detailed Lease List); b) the Contract Residual Value appearing on the Final Detailed Lease List; or, c) the MRM ALG Residual Value (appearing in the “ALG MTM” column on the Final Detailed Lease List).

  • We compared the Base Residual Value appearing on the Final Detailed Lease List to the lesser of: a) the Maximum Residualized MSRP ALG Residual (appearing in the “ALG MLI” column on the Final Detailed Lease List); b) the Contract Residual Value appearing on the Final Detailed Lease List; or, c) the MRM ALG Residual Value (appearing in the “ALG MTM” column on the Final Detailed Lease List).

Related to MSRP ALG Residual

  • Base Residual Value means, for a Lease, the lower of (a) the Contract Residual Value of the Lease and (b)(i) the ALG Residual Value of the related Leased Vehicle or (ii) if the Servicer does not have an ALG Residual Value, the oldest ALG MTM Residual Value that the Servicer has for the related Leased Vehicle.