Common use of Simple Interest Clause in Contracts

Simple Interest. The 2023-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2023-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be Performed

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2023-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2023-3)

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Simple Interest. The 20232021-3 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232021-3 1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be PerformedDocuments

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-1)

Simple Interest. The 20232021-3 2 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232021-3 2 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be PerformedDocuments

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-2)

Simple Interest. The 20232019-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232019-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be PerformedDocuments

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GMF Leasing LLC), Asset Representations Review Agreement (GMF Leasing LLC)

Simple Interest. The 20232021-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232021-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be PerformedDocuments

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2021-3)

Simple Interest. The 20232020-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232020-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be PerformedDocuments

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-3)

Simple Interest. The 2023-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 2023-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be Performed.

Appears in 2 contracts

Samples: Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number   Lease Number (GM Financial Automobile Leasing Trust 2023-3), Credit and Security Agreement (GM Financial Automobile Leasing Trust 2023-3)

Simple Interest. The 20232021-3 1 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232021-3 1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be Performed.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2021-1

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Simple Interest. The 20232020-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232020-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be Performed.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2020-3

Simple Interest. The 20232021-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232021-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be Performed.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2021-3

Simple Interest. The 20232022-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232022-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be Performed.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2022-3

Simple Interest. The 20232022-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232022-3 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be PerformedDocuments

Appears in 1 contract

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-3)

Simple Interest. The 20232019-3 Lease Agreement is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize the net capitalized cost of such 20232019-3 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents Procedures to be Performed.

Appears in 1 contract

Samples: GMF Leasing LLC

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