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.
Wind Down shall have the meaning as defined in the Master Agreement. Other defined terms not included above shall have the meanings set forth herein.
(1) IN GENERAL.—The term qualified trade or business’ means any trade or business other than—
ALG Residual Value means the residual value of the vehicle set forth as the ALG Residual Value in the lease schedule attached as Exhibit A hereto, which shall be the lesser of (i) the ALG residual values of the 2016-1 Vehicles at the scheduled termination of the related 2016-1 Leases at the time the related 2016-1 Lease was signed and (ii) the ALG residual values of the 2016-1 Vehicles at the scheduled termination of the related 2016-1 Leases provided by ALG in November 2015.
Combination of vehicles means a truck or truck tractor and