Residual definition

Residual means, with respect to any Lease, any right of the lessor or its assigns, as owner of the underlying Equipment, to realize value from the related Equipment after termination of the Lease, including the right of the owner of the Equipment to receive any proceeds from the sale, re-lease, continued use or other disposition of the Equipment after the termination of the Lease.

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Residual means any liquid or solid material containing VOC that is removed from a wastewater stream by a waste management unit or treatment process that does not destroy organic compounds (nondestructive unit). Examples of residuals from nondestructive wastewater management units are: the organic layer and bottom residue removed by a decanter or organic-water separator and the overheads from a steam stripper or air stripper. Examples of materials which are not residuals are: silt; mud; leaves; bottoms from a steam stripper or air stripper; and sludges, ash, or other materials removed from wastewater being treated by destructive devices such as biological treatment units and incinerators.

Residual means, with respect to any True Lease, any interest of the lessor or its assigns, as owner of underlying Contract Collateral, in the value of the related Contract Collateral after termination of such True Lease, including the proceeds from the sale or use of the Contract Collateral after the termination of such True Lease.

Examples of Residual in a sentence

• If there are no Residual Receipts available for disbursement pursuant to Section 2.05(b) below, the Borrower shall provide the County Manager or his designee with a certificate which certifies that there are no Residual Receipts available for disbursement (“Residual Receipts Certificate”).

• The foregoing restriction will cease to have any effect with respect to a transfer of a Residual Certificate only if the Issuer has consented to such transfer expressly in writing.

• The Borrower shall keep and maintain on the Property or at its principal place of business, or elsewhere with the County Manager’s written consent, full, materially complete and appropriate books, records and accounts relating to the Property, including all such books, records and accounts necessary or prudent to evidence and substantiate in full detail Borrower’s calculation of Residual Receipts.

• A service charge in an amount determined by the Certificate Registrar (such amount being based on a service charge schedule on file in the Corporate Trust Office of the Certificate Registrar) will be made for any registration of transfer of a Residual Certificate, and the Certificate Registrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer of a Residual Certificate.

• If there are no Residual Receipts for the previous year available for disbursement, the Borrower shall also provide to the County Manager or his designee a Residual Receipts Certificate certified in writing by the Borrower and prepared by a certified public accountant containing the computation detailing that there were no Residual Receipts (as defined in the Loan Agreement) during the preceding calendar year.

More Definitions of Residual

Residual the principal portion. A strip bond package is a security comprised of two or more strip components. Strip bond packages can be created to provide holders with a regular income stream, similar to an annuity, and with or without a lump sum payment at maturity.3 By laddering strips with staggered maturities or other payment characteristics, holders can strategically manage their cash flow to meet their future obligations and specific needs.

Residual means contaminant material, separated from Recyclable Materials or Green Waste that cannot be recycled, composted, marketed or otherwise utilized, and must be disposed of as Solid Waste, hazardous waste, or medical waste.

Residual means, with respect to any item of Portfolio Property, its estimated value upon expiration of the Financing Contract to which it is subject, as determined by the applicable member of the Seller Group, established on its books and records at the inception of such Financing Contract and referred to by the Seller Group on such books and records as "NBV at Term."

Residual means any liquid or solid material containing VOC that is removed from a wastewater stream by a waste management unit or treatment process that does not destroy organic compounds (nondestructive unit). Examples of residuals from nondestructive wastewater management units are: the organic

Residual means the difference, expressed as a percent, between the theoretical concentration of a calibration standard and the value derived from the calibration function from the measured response of the calibration standard.

Residual means the following:

Residual means solid waste destined for disposal, further transfer, processing, or transformation, which remains after processing of recyclable or organic materials.