Common use of Simple Interest Clause in Contracts

Simple Interest. The 2020-1 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 2020-1 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-1)

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Simple Interest. The 2020-1 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 2020-1 2 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-2)

Simple Interest. The 20202018-1 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 20202018-1 2 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2018-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2018-2)

Simple Interest. The 20202019-1 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 20202019-1 2 Lease Agreement to the Booked Residual Value by the end of the Lease Term, based on the related APR. Documents Lease DocumentsDocuments Procedures to be Performed

Appears in 2 contracts

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

Simple Interest. The 20202021-1 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 20202021-1 2 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2021-2

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Simple Interest. The 2020-1 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 2020-1 2 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2020-2

Simple Interest. The 2020-1 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 2020-1 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GM Financial Automobile Leasing Trust 2020-1

Simple Interest. The 20202019-1 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 20202019-1 2 Lease Agreement to the Booked Contract Residual Value by the end of the Lease Term, based on the related APR. Documents Lease Documents.

Appears in 1 contract

Samples: GMF Leasing LLC

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