Depreciated Net Book Value

Depreciated Net Book Value. The value equal to the original cost of a PLC Financed Asset, plus any additional items (e.g. bodies, warranties) to be included in the capitalized cost of the PLC Financed Asset and to be amortized over the term (as such term is specified by RTL) , less the life-to date depreciation on the PLC Financed Asset on a straight line basis to the residual value of the PLC Financed Asset over the specified term, as recognized by RTL in accordance with RTL's past practice.