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.
Appears in 2 contracts
Samples: Asset Contribution Agreement (RCL Trust 1996 1), Administrative Agency Agreement (RCL Trust 1996 1)
Residual Value. The Residual Value of each Series 19962000-1 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 light-duty truck leases.
Appears in 2 contracts
Samples: Administrative Agency Agreement (Fcal LLC), Asset Contribution Agreement (Fcal LLC)
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 light-duty truck leases.
Appears in 2 contracts
Samples: Asset Contribution Agreement (RCL Trust 1996 1), Administrative Agency Agreement (RCL Trust 1996 1)
