Residual Value. The Residual Value of each Series 1996-1 Leased Vehicle does not exceed an amount established by the Administrative Agent consistent with its policies and practices regarding the setting of residual values as applied with respect to closed-end retail automobile and light truck leases.
Residual Value. Notwithstanding clause 23(a) but subject to clauses 25 and 26 the Lessee is liable and shall pay the Residual Value to BMW at the earlier of the expiry or termination of this Lease.
Residual Value. Nothing in this Lease shall be construed to be a guarantee by Lessee of any particular residual value of the Aircraft, provided, however, that this Section 20(e) shall not reduce Lessee's obligations otherwise set forth in this Lease.
Residual Value. The value of the vehicle at the end of the lease used in calculating your base monthly payment $ (For monthly and single payment transactions: Same as 24 of lease worksheet.)
Residual Value. The value of the Vehicle at the end of the Lease used in calculating your base monthly payment................... - v.
Residual Value. 6. The residual value (the “Residual Value”) of the Equipment is $_____________.
Residual Value. In the event of an occurrence giving rise to a claim recoverable within the terms and conditions of this policy, the residual value of any equipment and/or materials used or purchased by the Assured in respect of such occurrence xxxx insure to the benefit of Underwriters in the adjustment of such claim.
Residual Value. The residual value of an insured vehicle under a lease, hire purchase or similar agreement, calculated in accordance with that agreement but excluding:
Residual Value. If upon the termination or expiration of the Lease the Lessee returns the Equipment to the Lessor in accordance herewith or the Equipment is otherwise in the possession of the Lessor, the Lessee shall pay to the Lessor on demand the amount if any by which the Residual Value exceeds the Value of the Equipment. If the Value of the Equipment exceeds the Residual Value, the surplus shall be applied in reduction or satisfaction of any indebtedness of the Lessee to the Lessor under this Agreement but the Lessee shall have no claim to or interest in any further surplus.
Residual Value. As of the Initial Cutoff Date, the Aggregate Residual -------------- Value of Retail Leases which are Designated Receivables shall not exceed 10% of the Aggregate Receivables Balance of the Initial Receivables. As of the applicable Cutoff Date, the Aggregate Residual Value of all Retail Leases purchased during the Funding Period shall not exceed 10% of the Aggregate Receivables Balance of all Designated Receivables purchased during the Funding Period.
