Common use of Right of Lessee to Act as Lessor’s Agent Clause in Contracts

Right of Lessee to Act as Lessor’s Agent. The Lessor agrees that the Lessee may act as the Lessor's agent in placing Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee liable for losses due to the Lessee's actions in performing as the Lessor's agent hereunder. In addition, the Lessor agrees that the Lessee may make arrangements for delivery of Vehicles to a location selected by the Lessee at the Lessee's expense to the extent that any such expense has not been included in the Capitalized Cost of such Vehicle. The Lessee may accept or reject Eligible Vehicles upon delivery in accordance with the Lessee's customary business practices, and any Eligible Vehicle, if rejected, will be deemed a Casualty hereunder to the extent the Capitalized Cost thereof has been paid by the Lessor or the Lessee. The Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Eligible Vehicle to the Manufacturer thereof pursuant to the preceding sentence. The Lessee agrees

Appears in 1 contract

Samples: Second Master Motor Vehicle Lease and Servicing Agreement (Republic Industries Inc)

AutoNDA by SimpleDocs

Right of Lessee to Act as Lessor’s Agent. The Lessor agrees that the Lessee may act as the Lessor's ’s agent in placing Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee liable for losses due to the Lessee's actions ’s actions, or failure to act, in performing as the Lessor's ’s agent hereunderin accordance with the terms hereof. In addition, the Lessor agrees that the Lessee may make arrangements for delivery of Vehicles leased hereunder to a location selected by the Lessee at the Lessee's expense to the extent that any such expense has not been included in the Capitalized Cost of such Vehicleits expense. The Lessee agrees to accept Vehicles leased hereunder as produced and delivered except that the Lessee will have the option to reject any such Vehicle that may accept be rejected pursuant to the terms of the applicable Manufacturer Program (with respect to Program Vehicles and Non-Program Vehicles subject to a Manufacturer Program), or reject Eligible Vehicles upon delivery in accordance with the Lessee's its customary business practices, and any Eligible Vehicle, if rejected, will be deemed a Casualty hereunder practices with respect to the extent the Capitalized Cost thereof has been paid by the Lessor or the Lesseeother Non-Program Vehicles. The Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Eligible Vehicle to the Manufacturer thereof of any Vehicle leased hereunder that has been rejected pursuant to the preceding sentence. The Lessee agreesagrees that all Program Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with an Eligible Manufacturer Program. Without limiting the foregoing, the Lessee agrees to give immediate notice to the Lessor, in such form and to such address as the Lessor may from time to time specify and in accordance with the terms of the Master Exchange Agreement, of each acceptance and of any rejection of any Program Vehicle identified by the Lessor as Replacement Property.

Appears in 1 contract

Samples: Master Motor Vehicle Operating Lease Agreement (Cendant Corp)

Right of Lessee to Act as Lessor’s Agent. (a) The Lessor agrees that the Lessee may act as the Lessor's ’s agent in placing Vehicle Orders acquiring Additional Group I Trucks on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery related claims related with respect to the Vehicles Group I Trucks leased hereunder; provided, however, that the Lessor may hold the Lessee liable for losses due to the such Lessee's ’s actions in performing as the Lessor's ’s agent hereunder. In addition, the Lessor agrees that the Lessee may make arrangements for delivery of Vehicles Group I Trucks to a location selected by the Lessee at the Lessee's expense to the extent that any such expense has not been included in the Capitalized Cost of such Vehicle’s expense. The Lessee may accept or reject Eligible Vehicles Trucks upon delivery in accordance with the Lessee's ’s customary business practices, and any Eligible VehicleTrucks, if rejected, will be deemed a Casualty hereunder to the extent the Capitalized Cost thereof has been paid by the Lessor or the Lesseehereunder. The Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Eligible Vehicle Trucks to the Manufacturer manufacturer thereof pursuant to the preceding sentence. The Lessee agreesagrees that all Group I Trucks ordered as provided herein shall be Eligible Vehicles.

Appears in 1 contract

Samples: Sublease Agreement (Avis Budget Group, Inc.)

Right of Lessee to Act as Lessor’s Agent. The Lessor agrees that the Lessee may act as the Lessor's agent in placing Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee liable for losses due to the Lessee's actions in performing as the Lessor's agent hereunder. In addition, the Lessor agrees that the Lessee may make arrangements for delivery of Vehicles to a location selected by the Lessee at the Lessee's expense to the extent that any such expense has not been included in the Capitalized Cost of such Vehicle. The Lessee or the applicable Sublessee may accept or reject Eligible Vehicles upon delivery in accordance with the Lessee's or such Sublessee's customary business practices, and any Eligible Vehicle, if rejected, will be deemed a Casualty hereunder to the extent the Capitalized Cost thereof has been paid by the Lessor or the Lessee. The Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Eligible Vehicle to the Manufacturer thereof pursuant to the preceding sentence. The Lessee agreesagrees that any Vehicles ordered by Lessee on behalf of the Lessor pursuant to this Section 2,2 shall be ordered utilizing the procedures consistent with the applicable Manufacturer Program or any guidelines of the Manufacturer for the ordering or purchasing of Non-Program Vehicles, in each case as and to the extent applicable.

Appears in 1 contract

Samples: Master Motor Vehicle Lease and Servicing Agreement (Republic Industries Inc)

AutoNDA by SimpleDocs

Right of Lessee to Act as Lessor’s Agent. The Lessor agrees that the Lessee may act as the Lessor's agent in placing Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee liable for losses due to the Lessee's actions in performing as the Lessor's agent hereunder. In addition, the Lessor agrees that the Lessee may make arrangements for delivery of Vehicles to a location selected by the Lessee at the Lessee's expense to the extent that any such expense has not been included in the Capitalized Cost of such Vehicleexpense. The Lessee or any Sublessee, as applicable, may accept or reject Eligible Vehicles upon delivery in accordance with the Lessee's customary business practices, and any Eligible Vehicle, if rejected, will be deemed a Casualty hereunder to the extent the Capitalized Cost thereof has been paid by the Lessor or the Lesseehereunder. The Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Eligible Vehicle to the Manufacturer thereof pursuant to the preceding sentence. The Lessee agreesagrees that all vehicles ordered as provided herein shall be Eligible Vehicles and shall be ordered utilizing the procedures consistent with the applicable Vehicle Disposition Program or any guidelines of the Manufacturer for the ordering or purchasing of Non-Program Vehicles, in each case as and to the extent applicable.

Appears in 1 contract

Samples: Vehicle Lease and Servicing Agreement (Dollar Thrifty Automotive Group Inc)

Right of Lessee to Act as Lessor’s Agent. (a) The Lessor agrees that the Lessee may act as the Lessor's ’s agent in placing Vehicle Orders acquiring additional Group I Trucks on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery related claims related with respect to the Vehicles Group I Trucks leased hereunder; provided, however, that the Lessor may hold the Lessee liable for losses due to the such Lessee's ’s actions in performing as the Lessor's ’s agent hereunder. In addition, the Lessor agrees that the Lessee may make arrangements for delivery of Vehicles Group I Trucks to a location selected by the Lessee at the Lessee's expense to the extent that any such expense has not been included in the Capitalized Cost of such Vehicle’s expense. The Lessee may accept or reject Eligible Vehicles Trucks upon delivery in accordance with the Lessee's ’s customary business practices, and any Eligible VehicleTrucks, if rejected, will be deemed a Casualty hereunder to the extent the Capitalized Cost thereof has been paid by the Lessor or the Lesseehereunder. The Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Eligible Vehicle Trucks to the Manufacturer manufacturer thereof pursuant to the preceding sentence. The Lessee agreesagrees that all Group I Trucks ordered as provided herein shall be Eligible Vehicles.

Appears in 1 contract

Samples: Operating Lease Agreement (Avis Budget Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.