Owned Vehicles Clause Samples
The "Owned Vehicles" clause defines which vehicles are considered as being owned by a party under the agreement. Typically, this clause specifies that only vehicles registered in the name of the party, or for which the party holds legal title, are included. For example, it may clarify that leased or borrowed vehicles are excluded unless otherwise stated. The core function of this clause is to clearly delineate the scope of vehicles covered by the contract, ensuring there is no ambiguity about which vehicles are subject to the agreement’s terms, such as insurance coverage or liability provisions.
Owned Vehicles. Hired and Non-Owned Vehicles.
Owned Vehicles. 1.1 Parent ................................................................
Owned Vehicles. Those vehicles identified on Section -------------- ------- 2.01(a)(ii) of the Disclosure Schedule (the "Owned Vehicles"); --------------------------------------- --------------
Owned Vehicles. Those chassis, trailers and the like vehicles owned by the Sellers identified on the Disclosure Schedule (the “Owned Vehicles”);
Owned Vehicles. The maximum amount that will be awarded is the actual price of the vehicle. This will not include taxes, registration fees, charges for a service contract or insurance, trade-in over-allowance, debt from a previous transaction (negative equity), and finance charges.