Residual Value Amount definition
Examples of Residual Value Amount in a sentence
Notwithstanding anything to the contrary herein, during the Construction Period the Company shall not be required to indemnify or hold harmless any Indemnified Party for amounts in excess of, the Residual Value Amount, except if such liability arises as a result of a Fully Indemnifiable Event.
If any Charging Point and/or associated asset is deemed to be a fixture of the relevant Premises for any reason, the Host shall reimburse bp pulse the Residual Value Amount in respect of such Charging Point and/or associated asset within thirty (30) days following receipt of an invoice from bp pulse in respect of the same.
Upon receipt of full payment of the Residual Value Amount, title to such Charging Point shall transfer from bp pulse to the Host.
If the Company pays the Residual Value Amount 37 Participation Agreement Proprietary & Confidential pursuant to clause (i) above, then it shall release its entire interest in the Properties, subject to the Company's rights under Sections 7.01(d) and (e).
Prepayment of the Notes and the Investments prior to the Maturity Date will be permitted and made upon the receipt by or on behalf of the Lessor of (A) the Residual Value Amount, or the Sales Proceeds relating thereto or (B) the Termination Value or Permitted Lease Balance, in each case in compliance with the Operative Documents.
For purposes of federal, foreign, state and local income Taxes, the parties hereto intend that (i) the Lease and the other Operational Documents be treated as the repayment and security provisions of a loan to the Company, and (ii) all payments of Termination Value, Residual Value Amount, Fixed Rent, Additional Rent and payments under Section 5.02 of the Lease be treated as payments of principal, interest and other amounts owing with respect to such loan, respectively.
Notwithstanding the foregoing, the aggregate liability of the Company under this indemnity, this Agreement and the other Operative Documents during the Construction Period shall never exceed, in the aggregate, the Residual Value Amount, except if such liability arose as a result of a Fully Indemnifiable Event.
If the Company pays the Residual Value Amount and the Liquidation Property Interest is sold as contemplated by Section 6.03(c), then any Sales Proceeds shall be applied in accordance with Section 7.01(e).
Receipt by the Lessor (or by the Agent on behalf of the Lessor) of any Fixed Rent, Additional Rent, Residual Value Amount, Termination Value or other sum payable hereunder or under any other Operative Document with knowledge of the breach by the Lessee of any provision hereof will not constitute a waiver of such breach, and no waiver by the Lessor of any provision hereof will be deemed to have been made unless made in writing.