Lease charge definition

Lease charge means, with respect to any Lease and any month, the portion of the Monthly Payment equal to the product of (i) the Book Value as of the end of the immediately preceding month (or, in the case of the first month, as of the date of origination of such Lease) and (ii) 1/12 of the related Lease Factor.
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Lease charge means the sum of all charges payable by the lessee for the privilege of making the scheduled lease payments under a consumer lease. The term does not include capitalized cost.
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Lease charge has the meaning set forth in Section 6.13(c).
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Examples of Lease charge in a sentence

  • Lease charge paid, depreciation equivalent and interest equivalent(Millions of Yen)Lease charge paid 2Depreciation equivalent 2Interest equivalent 0 4.

  • Lease charge paid, depreciation equivalent and interest equivalent(Millions of Yen)Lease charge paid 2Depreciation equivalent 2Interest equivalent 04.

  • No aborigine is allowed to transfer, Lease, charge, sell, convey, assign, mortgage or dispose of any land except with the consent of Commissioner of Orang Asli or otherwise declared to be void and of no affect.

  • There exists no default or event, occurrence, condition or act which, with the giving of notice or the lapse of time or both, would become a default under such Lease which would give the lessor the right to terminate the Lease, charge any increase in rent or require any penalty or similar payment, subject to all rights to cure under such Lease.

  • Lease charge" means the charge determined by thelessor to be payable by the lessee for the privilege of making the lease payments as scheduled in a consumer lease.

  • The undischarged liability at 31 March is: 2008/092009/10£’000 £’000Due in 1 year375286Due in 2-5 years795585Due in more than 5 years 99 23 1,269894 During 2009/10, a Finance Lease charge of £109k (2008/09 £124k) and Capital Repayments of £418k (2008/09 £400k) were made.

  • The undischarged liability at 31 March is: 2006/07£’0002007/08£’000Due in 1 year586522Due in 2-5 years1,015965Due in more than 5 years107128 1,7081,615 During 2007/08, a Finance Lease charge of £91k (2006/07 £124k) and CapitalRepayments of £385k (2006/07 £369k) were made.

  • The 2020 CPI figures released are:August = 0.5%September = 0.7% Based upon these figures, the August CPI (0.5%) will be applied to each lease for 2021/22 as follows: Group 2020/21 Lease Charge Increase 2021/22 Lease charge The Bowls Club £5,704 £29 p/a £5,733 The Cricket Club £5,301 £27 p/a £5,328 The Scouts £5,773 £29 p/a £5,802 The organisations have been advised and agreed these uplifts.

  • In these solutions, the potential φ has effectively been expanded around r0, making this approximation better the closer the paths are to r0 or, roughly, the smaller τ is.

  • If, at the end of the Contract, the Client exercises any purchase option included in the Contract, the settlement with regard to the excess or shortfall in the kilometre total/running hours will relate exclusively to the service components tyres, repairs and maintenance if included in the Lease charge and therefore not to the depreciation or repayment component.


More Definitions of Lease charge

Lease charge means the charge determined by the
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Lease charge means the sum of all charges, calculated by a lessor on any
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Lease charge means the charge to be paid by the retail lessee
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Related to Lease charge

  • reverse charge ’ means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act;

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Lease contract means the total legal obligation that results from the lease agreement as affected by this article and any other applicable rules of law. Unless the context clearly indicates otherwise, the term includes a sublease contract.

  • Management Charge means the sum paid by the Supplier to the Authority being an amount of half (0.5) percent of all Charges for the Services invoiced to the Contracting Bodies (net of VAT) in each Month throughout the Term and thereafter until the expiry or earlier termination of any Call-Off Contract;

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • operating charge means any amount charged to a client by a registered firm in respect of the operation, transfer or termination of a client’s account and includes any federal, provincial or territorial sales taxes paid on that amount;

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • CCAA Charges means the Administration Charge and the Directors’ Charge;

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Infrastructure Charge means a Water Infrastructure Charge or a Sewerage Infrastructure Charge;

  • No Charge Bid When Bids are requested on a number of Products as a Group or Lot, a Bidder desiring to Bid “no charge” on a Product in the Group or Lot must clearly indicate such. Otherwise, such Bid may be considered incomplete and be rejected, in whole or in part, at the discretion of the Commissioner.

  • Hire Charge or “Hire Charges” means the rates and charges payable by You for the hire of the Equipment.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Finance Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a finance or capital lease.

  • Deed of Charge means the English law deed of charge that may be entered into between the Guarantor and the Representative of the Covered Bondholders (acting on behalf of the Covered Bondholders and the Other Creditors);

  • Access Charge has the meaning set out in Clause 6.1;

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges required to be paid for such Measurement Period, plus (b) regularly scheduled principal payments required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations and Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Contract Fee means the lump sum rates as outlined in Schedule ‘B’ – Quote Form.

  • User charge means a charge imposed on airlines for the provision of airport, air navigation, or aviation security facilities or services including related services and facilities.

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.