Total Invoice Cost definition

Total Invoice Cost with respect to each Equipment Schedule, the amount specified as such thereon.
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Total Invoice Cost with respect to each Equipment Schedule, the amount specified as such thereon. "Total Loss": any of (a) the actual or constructive total loss of any item of the Equipment; or (b) the loss, disappearance, theft or destruction of any item of the Equipment; or (c) damage (including any contamination by hazardous substances) to any item of the Equipment to such extent as shall make repair thereof uneconomical, or shall render any item of the Equipment permanently unfit for normal use, for any reason whatsoever; or (d) the condemnation, confiscation, requisition, seizure, forfeiture or other taking of title to or use of any item of the Equipment, or any imposition of a Lien thereon by an Governmental Authority in excess of $___; or (e) as a result of any Law or other action taken by any Governmental Authority, the use of the Equipment in the normal course of Lessee's business shall have been prohibited (i) indefinitely or (ii) for a period in excess of (1) 60 days, or (2) for a period that extends beyond the then existing Term; all of the foregoing, to the extent established to the reasonable satisfaction of Lessor. "UCC": a Uniform Commercial Code financing statement. (b) Any defined term used in the singular preceded by "any" indicates any number of the members of the relevant class.
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Total Invoice Cost has the meaning provided on Schedule 2 to the Junior Loan Agreement.
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Examples of Total Invoice Cost in a sentence

  • Failure to adhere to this condition will result in forfeiture of all claims for reimbursement for the item(s) in question.

  • As used in this Lease, “Stipulated Loss Value” shall mean the product of the Total Invoice Cost of the Lost Equipment, times the percentage factor applicable to the Loss Payment Date, as set forth in the Schedule of Stipulated Loss Values incorporated in such Schedule.

  • As used in this Lease, "Stipulated Loss Value" shall mean the product of the Total Invoice Cost (designated on the appropriate Equipment Schedule) of the Equipment and the applicable percentage factor set forth on the Schedule of Stipulated Loss Values attached to the Equipment Schedule.

  • The Purchase Price of the Equipment shall be an amount equal to fifty-nine (59) percent of the original Total Invoice Cost of the Equipment (as specified on the Equipment Schedule), together with all taxes and charges upon sale (excluding any taxes calculated on the basis of net income or capital gains to Lessor).

  • The Purchase Price of Equipment shall be an amount equal to the greater of: (x) thirty-five (35) percent of the original Total Invoice Cost of the Equipment (as specified on the Equipment Schedule), or (y) the Fair Market Value of the Equipment determined pursuant to Section B.(4); together with all taxes and charges upon sale (excluding any taxes calculated on the basis of net income or capital gains to Lessor).

  • From and after the Base Lease Commencement Date, the monthly rent for said Equipment during the term of this Lease shall be $113,640.75, computed as 1.89401% of the Total Invoice Cost specified above.

  • On the Termination Date, Lessee shall return the Equipment described on the applicable Equipment Schedule to Lessor in accordance with the provisions of, and in compliance with the conditions required by, Section 13 of this Lease; and Lessee shall pay to Lessor by certified check or wire transfer (whichever method Lessor so elects) a return penalty calculated as forty-five (45) percent of the original Total Invoice Cost of the Equipment described on the applicable Equipment Schedule.

  • As used in this Lease, "Stipulated Loss Value" shall mean the product of the Total Invoice Cost of the Lost Equipment, times the percentage factor applicable to the Loss Payment Date, as set forth in the Schedule of Stipulated Loss Values incorporated in such Schedule.

  • If the Equipment has not been sold on the expiration date of the original lease term relating thereto, then the Net Proceeds of Sale shall be deemed to be zero; and promptly upon demand Lessee shall pay to Lessor an amount equal to 14.9 percent of the Total Invoice Cost of the Equipment.

  • If the Net Proceeds of Sale (as hereafter defined) is less than the Estimated Residual Value, promptly upon demand Lessee shall pay to Lessor the amount of the difference (not to exceed 12.35 percent of the Total Invoice Cost of the Equipment).


More Definitions of Total Invoice Cost

Total Invoice Cost with respect to each Set of Equipment leased pursuant to a Lease Supplement, as specified thereon.
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Related to Total Invoice Cost

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;