Common use of Excess Mileage Clause in Contracts

Excess Mileage. If the agreed average monthly mileage of the Vehicle exceeds 20% (twenty percent) or more then Lessor is entitled to charge a fee for the excess mileage separately during the Lease period or upon agreement of Parties, to amend the Contract to increase monthly mileage. If the average monthly mileage is exceeded by less than 20%, the extra amount shall be settled as a part of the final payment

Appears in 2 contracts

Samples: Operating Lease Agreement, Operating Lease Agreement

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Excess Mileage. If the agreed average monthly mileage of the Vehicle is exceeded then the Lessor is entitled to charge additional fee for the excess mileage in the amount set in the Special Terms of the Contract, which shall be settled as a part of the final Lease payment. If the agreed average monthly mileage of the Vehicle exceeds 20% (twenty percent) or more then the Lessor is entitled to charge a fee for the excess mileage separately during the lent terms – together with monthly Lease period or upon Payments. The monthly mileage set in the Contract can be increased by written agreement of Parties, to amend the Contract to increase monthly mileage. If the average monthly mileage is exceeded by less than 20%, the extra amount shall be settled as a part of the final payment.

Appears in 2 contracts

Samples: Operating Lease Agreement, Operating Lease Agreement

Excess Mileage. If the agreed average monthly mileage of the Vehicle exceeds 20% (twenty percent) or more is exceeded then the Lessor is entitled to charge a fee for the excess mileage separately during in the Lease period or upon agreement amount set in the Special Terms of Partiesthe Contract, to amend the Contract to increase monthly mileage. If the average monthly mileage is exceeded by less than 20%, the extra amount which shall be settled as a part of the final payment. The monthly mileage set in the Contract can be increased upon agreement of Parties.

Appears in 1 contract

Samples: Operating Lease Agreement

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Excess Mileage. If the agreed average monthly mileage of the Vehicle exceeds 20% (twenty percent) or more is exceeded then Lessor is entitled to charge a fee for the excess mileage separately during in the Lease period or upon agreement amount set in Special Terms of Partiesthe Contract, to amend the Contract to increase monthly mileage. If the average monthly mileage is exceeded by less than 20%, the extra amount which shall be settled as a part of the final payment. The monthly mileage set in the Contract can be increased upon agreement of Parties.

Appears in 1 contract

Samples: Operating Lease Agreement

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