Residual Value Guarantee Amount definition

Residual Value Guarantee Amount means an amount equal to the Tranche A Proportionate Share of the Lease Balance.
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Residual Value Guarantee Amount means (i) during the Construction Period, an amount equal to 89.9 percent of the Lease Balance, and (ii) at all other times, an amount equal to the aggregate Tranche A Participation Interest Balances of the Participants holding Tranche A Participation Interests.
Sample 1
Residual Value Guarantee Amount means an amount equal to 88% of the aggregate Certificate Amounts of the Participants as of the Eighth Amendment Effective Date less any Loan to Value Optional Prepayments or Base Term Commencement Date Rent Prepayment Amount made, but in no event less than the aggregate outstanding Certificate Amounts of the Tranche A Participants on the Expiration Date.
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Examples of Residual Value Guarantee Amount in a sentence

  • The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.

  • During the Marketing Period, the obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the third anniversary of the Closing Date or at the end of a Renewal Term, or on the Expiration Date, as the case may be) shall continue undiminished until payment in full to the Agent of the Gross Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.

  • The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay, the Residual Value Guarantee Amount under the Lease; provided, that in the event the Lessee elects the Remarketing Option, the Lessee shall only be required to pay any Shortfall Amount to the extent set forth in Section 13.2 hereof.

  • Indemnity Payments in Addition to Residual Value Guarantee Amount .

  • During the Marketing Period, the obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the fifth anniversary of the Closing Date or at the end of the Renewal Term, as the case may be) shall continue undiminished until payment in full to the Agent of the Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.

  • The Lessee acknowledges and agrees that its obligations to make ------ indemnity payments under this Section 13 are separate from, in addition to, and ---------- do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, -------- ------------ the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.

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  • The Lessee acknowledges and agrees that its obligations to make indemnity payments under this SECTION 13 are separate from, in addition to, and do not reduce, its obligation to pay, any Residual Value Guarantee Amount under the Lease; PROVIDED, that in the event the Lessee elects the Remarketing Option, the Lessee shall only be required to pay any Shortfall Amount to the extent set forth in SECTION 13.2 hereof.

  • During the Marketing Period, the ---------------------------- obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the fifth anniversary of the Closing Date or at the end of a Renewal Term, or on the Expiration Date, as the case may be) shall continue undiminished until payment in full to the Agent of the Gross Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.


More Definitions of Residual Value Guarantee Amount

Residual Value Guarantee Amount means, with respect to any Lease Supplement as of any date of determination, an amount equal to the percentage, as specified in Schedule B to the Lease in respect of the Base Term or Renewal Term then in effect, with respect to such Lease Supplement of the applicable Lease Supplement Balance as of the first day of the Base Term or Renewal Term then in effect with respect to such Lease Supplement, less Fixed Rent and Casualty Amounts applied to the Tranche A Participant Balance paid by Lessee in respect thereof or any other amount paid in reduction of the applicable Lease Supplement Balance and applied to the Tranche A Participant Balance during the Base Term or Renewal Term then in effect, but in no event less than the aggregate outstanding Participation Interests of the Tranche A Participants in respect of such Lease Supplement on the applicable Expiration Date.
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Residual Value Guarantee Amount means the sum of the Existing Facility and Tenant Improvements Residual Value Guarantee Amount PLUS the Expansion Improvements Residual Value Guarantee Amount.
Sample 1
Residual Value Guarantee Amount means an amount equal to 88.00% of the aggregate Advances Funded by the Participants less any Loan to Value Optional Prepayments or Base Term Commencement Date Rent Prepayment Amount made, but in no event less than the aggregate outstanding Certificate Amounts of the Tranche A Participants on the Expiration Date provided however, that (i) if a Construction Agency Event of Default has occurred and Lessee has paid Prepaid Rent, or (ii) if any amount has been capitalized pursuant to clause (ii) of Section3.5 of the Participation Agreement, then the Residual Value Guarantee Amount shall be recomputed such that (a) Lessee is not deemed under GAAP to be the owner of the Premises prior to Completion, and (b) from Lessee's perspective the Lease qualifies as an operating lease in accordance with GAAP in effect on the date of the Participation Agreement.
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Residual Value Guarantee Amount means as of the Maturity Date the amount set forth on Annex B to the applicable Lease Supplement.
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Residual Value Guarantee Amount means, as of any date of determination, an amount equal to the aggregate Tranche A Proportionate Share of the Lease Balance; provided, however, that if (i) a Cost Overrun Event has occurred and the Lessee has itself funded (without reimbursement from Advances) any additional Property Improvement Costs or Transaction Expenses of constructing the Improvements caused by such Cost Overrun Event or (ii) any amount has been capitalized pursuant to clause (ii) of Section 3.9(f) of the Participation Agreement, then the Residual Value Guaranty Amount shall be an amount equal to the remainder of (A) the total Tranche A Proportionate Share of the total Project Costs of the Improvements minus (B) the aggregate amount of any such overrun costs and expenses so funded by the Lessee (and not reimbursed from Advances).
Sample 1
Residual Value Guarantee Amount means, as of any date of determination, ------------------------------- (A) prior to the Basic Term Commencement Date, an amount equal to the sum of (i) land acquisition costs for the Property of $298,976,106.21, as derived from the Settlement Statement, plus (ii) 89.9% of all other properly capitalized Project Costs as of such date; and (B) from and after the Basic Term Commencement Date, an amount equal to the Lease Balance, provided, however, that if any amount has -------- ------- been capitalized pursuant to clause (ii) of Section 3.7(e) of the Participation ----------- Agreement, then the Residual Value Guarantee Amount shall be recomputed such that (a) the Lessee is not deemed under GAAP to be the owner of the Property and (b) from the Lessee's perspective the Lease qualifies as an operating lease in accordance with GAAP in effect on the date of the Participation Agreement.
Sample 1

Related to Residual Value Guarantee Amount

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • ALG Residual Value means the residual of a 2012-1 Vehicle set forth as the ALG Residual Value in the lease schedule attached as Exhibit A to the 2012-1 SUBI Supplement, which shall be the lesser of (i) the ALG residual values of the 2012-1 Vehicles at the scheduled termination of the related 2012-1 Leases at the time the related 2012-1 Lease was signed and (ii) the ALG residual values of the 2012-1 Vehicles at the scheduled termination of the related 2012-1 Leases provided by ALG in February 2012.

  • Residual Value means the proceeds, less removal and disposal costs, if any, realized upon disposition of a tangible capital asset. It usually is measured by the net proceeds from the sale or other disposition of the asset, or its fair value if the asset is traded in on another asset. The estimated residual value is a current forecast of the residual value.

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 18th day of each month or, if such day is not a Business Day, the immediately following Business Day; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement;

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Interest Funds for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date pursuant to Section 4.04(b) (other than the last clause thereof).

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • 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.

  • Swap Guarantor If so specified in the Supplement with respect to any Series, the guarantor specified as such in such Supplement.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Interest Cover Ratio means, on each Measurement Date, the ratio of (a) EBITDA to (b) Net Interest Charged in respect of the Measurement Period ending on that Measurement Date;

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Guarantor Payment as defined in Section 5.11.3.

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.