Mileage Equalization Sample Clauses

The Mileage Equalization clause is designed to ensure that travel or transportation costs are distributed fairly among parties, typically in agreements involving shared vehicle use or employee travel reimbursement. This clause sets out a method for calculating and balancing mileage so that no single party bears a disproportionate share of travel expenses; for example, it may require parties to track and compare total miles driven and then compensate the party who traveled more. Its core practical function is to promote fairness and prevent disputes by equalizing costs related to mileage, thereby ensuring that all parties contribute equitably to travel-related expenses.
Mileage Equalization. From and after the Closing Date, at the reasonable request of Sellers, Purchaser shall (at Sellers’ sole cost and expense) provide to Sellers such information as is readily available to Purchaser to assist Sellers in determining, and prepare and mail invoices to Obligors under any Owned Car Lease Contract or LILO Sublease Contract with respect to the collection from such Obligors of, amounts due under such contracts in respect of Mileage Equalization Charges that are Excluded Liabilities (in each case covering such amounts as are owed with respect thereto as reasonably determined by MILPI and communicated to Purchaser in writing). In addition, Purchaser shall (at Sellers’ sole cost and expense) take such other action as may be reasonably requested by Sellers to assist in the collection from such Obligors of any such amounts as are owed in respect of Mileage Equalization Charges that are Excluded Liabilities and are owed or owing under such Owned Car Lease Contract or LILO Sublease Contract; provided, that (i) Purchaser shall not be required to commence or prosecute any arbitration, litigation or other legal action or proceeding against any such Obligors and (ii) Purchaser shall have no liability to Sellers for any action taken by Purchaser pursuant to this Section 5.18 or any failure to take such action; provided further, that nothing in the foregoing clause (ii) shall relieve Purchaser of its obligation to prepare and mail at least one (1) invoice to each such Obligor in accordance with the first sentence of this Section 5.18. At Purchaser’s request, Sellers shall provide Purchaser any information reasonably requested in connection with the preparation and mailing of invoices by Purchaser pursuant to this Section 5.18. Any and all amounts remitted to Purchaser in respect of such invoices shall be received by Purchaser as agent, in trust for and on behalf of Sellers, and Purchaser shall pay all of such amounts over to the Sellers in accordance with Section 5.9 hereof. Purchaser acknowledges and agrees that any and all amounts remitted to Purchaser in respect of such invoices are Excluded Assets. Notwithstanding anything contained in this Agreement to the contrary (A) Sellers may at any time, upon notice to Purchaser, contact any Obligor directly for the purpose of collecting any amounts owed in respect of Mileage Equalization Charges that are Excluded Liabilities, (B) Sellers shall promptly notify Purchaser in the event any Seller shall commence any arbitr...
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Mileage Equalization. 5.1. Miles will be calculated quarterly to determine if any imbalance exists between the terminals at each end of the ESR. If such an imbalance exists, it will be addressed by adjusting pool sizes to regain balance. 5.1.1. For the purpose of calculating the mileage equalization formula, the actual miles of each subdivision will be used: 5.1.1.1. Cascade Subdivision (Coquitlam to North Bend) – 109.4 miles 1.1.2. Cascade Subdivision (▇▇▇▇▇▇▇ Bank to North Bend – 133 miles
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Related to Mileage Equalization

  • Overtime Equalization The assignment of overtime shall be reasonably equalized within classifications. The normal maximum hours officers will be scheduled is (15) fifteen hours. Upon field training competition, probationary officers will begin their total overtime hours on the overtime equalization chart at the average of all members within the officer classification. An overtime equalization chart shall be maintained within the department. The chart shall list all overtime offers and each officer’s declined and accepted hours for each particular offer. Each time an officer is offered overtime, the number of overtime hours worked, or the number of hours declined, will be credited to officer’s chart. The overtime equalization chart shall be posted monthly.

  • Tax Equalization In the event of Executive's relocation, the Company and Executive will cooperate in good faith to agree on such adjustments to Executive's compensation and benefits package as are appropriate to provide consistent after-tax income to Executive equivalent to that of a person receiving Executive's pay and benefits taxable under the terms of the U.S. Internal Revenue Code, while also acting in the best interests of the Company.

  • Equalization If at any time any Lender receives any amount hereunder (whether by voluntary payment, by realization upon security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Loan Documents, or otherwise) that is applicable to the payment of the principal of, or interest on, the Loans (other than Swing Loans), LC Participations, Swing Loan Participations or Fees (other than Fees that are intended to be paid solely to the Administrative Agent or an LC Issuer and amounts payable to a Lender under Article III), of a sum that with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of such Obligation then owed and due to such Lender bears to the total of such Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the other Lenders an interest in the Obligations to such Lenders in such amount as shall result in a proportional participation by all of the Lenders in such amount.

  • Mileage Any bargaining unit member required to use his/her vehicle on District business shall be reimbursed at the rate established by the District for all miles driven on behalf of the District. The mileage computation shall include mileage necessary to return to the employee’s normal job site after the completion of District business. This amount shall be payable in a separate warrant prepared for processing in accordance with procedures of the office of the County Superintendent of Schools.

  • Car Allowance The Company shall provide the Executive an automobile allowance of $750 per month during the term of Executive’s employment hereunder.