Equipment Value

Equipment Value. Means, (i) with respect to any Contract which is an installment sales contract or installment note, the sales price of the Equipment subject to such Contract, excluding sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against any installment payment in whatever form collected; (ii) with respect to any Contract which is a finance lease, the Capitalized Cost to Lessee, excluding sales or use tax, delivery charges,... installation charges and any security deposit that is or will be applied as a credit against any rent payment; and (iii) with respect to any Contract which is an operating lease, the Capitalized Cost to Lessee, excluding sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against any rent payment. View More