Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2011-1 Vehicle for which the related 2011-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.
Initial Purchase Price has the meaning set forth in Section 2.1.
Purchase Option Notice As defined in Section 3.18(e).
Purchase Option Period As defined in Section 9.03(a) hereof.
Repurchase Option has the meaning set forth in Section 1.3(a) hereto.
Option Securities shall have the meaning ascribed to such term in Section 2.2(a).
Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.
Purchase Option As defined in Section 3.18(c).
Total Purchase Price means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.
Optional Redemption Price shall have the meaning set forth in Section 3.2.
Final Purchase Price has the meaning set forth in Section 2.02.
Initial Purchase Agreement means the Purchase Agreement (including the related Blanket Endorsement, Initial Xxxx of Sale and any attachments thereto) substantially in the form of Attachment A hereto (of which these Master Terms form a part by reference), to be executed by VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding, which shall certify that the representations and warranties made by VL Funding as set forth in Sections 5(A) and (B) and by the Servicer as set forth in Section 5(C) of these Master Terms are true and correct as of the Closing Date.
Redemption Call Purchase Price has the meaning provided in Section 1.4;
Firm Securities means the number or amount of Securities that the several Underwriters are initially committed to purchase under the Underwriting Agreement (which may be expressed as a percentage of an aggregate number or amount of Securities to be purchased by the Underwriters, as in the case of a standby Underwriting Agreement). “Additional Securities” means the Securities, if any, that the several Underwriters have an option to purchase under the Underwriting Agreement to cover over-allotments. The number, amount, or percentage of Firm Securities set forth opposite each Underwriter’s name in the Underwriting Agreement plus any additional Firm Securities which such Underwriter has made a commitment to purchase, irrespective of whether such Underwriter actually purchases or sells such number, amount, or percentage of Securities under the Underwriting Agreement or Article XI hereof, is hereinafter referred to as the “Original Underwriting Obligation” of such Underwriter, and the ratio which such Original Underwriting Obligation bears to the total of all Firm Securities set forth in the Underwriting Agreement (or, in the case of a standby Underwriting Agreement, to 100%) is hereinafter referred to as the “Underwriting Percentage” of such Underwriter. For the avoidance of doubt, each Underwriter acknowledges and agrees that, for all purposes under this Agreement and otherwise (including, to the extent applicable, for purposes of Section 11(e) under the U.S. Securities Act of 1933 (the “1933 Act”)), each Underwriter’s Underwriting Percentage of the total number, amount, or percentage of Securities offered and sold in the Offering (including any Additional Securities), and only such number, amount, or percentage, constitutes the securities underwritten by such Underwriter and distributed to investors.1 References herein to laws, statutory and regulatory sections, rules, regulations, forms, and interpretive materials will be deemed to include any successor provisions.
Original Purchase Price means the price paid by you for the motor vehicle or a maximum of 110% of the market value of the vehicle as defined by Glass's Guide Retail at time of purchase, whichever is the lesser (including all factory fitted accessories) and after any discount given, but does not include the cost of dealer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums (including the premium for this policy), warranty premiums, any finance arrears and any such associated costs and any negative equity transferred from a previous finance agreement.
Series A Redemption Price has the meaning set forth in Section 16.6(a).
Additional Purchase Price has the meaning provided in Section 1.2(b).
Initial Purchase Date means the date of the Initial Purchase.
Warrant Exercise Price means $0.04 per share.
Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.
Warrant Holders or “Holders” means the holders of the Warrants; and
Warrant Securities means this Warrant and the Warrant Shares, collectively.
Optional Redemption Notice shall have the meaning set forth in Section 6(a).
Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.
Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:
Warrant Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).