Vehicle Lease Clause Samples
A Vehicle Lease clause outlines the terms under which one party (the lessee) is permitted to use a vehicle owned by another party (the lessor) for a specified period in exchange for regular payments. This clause typically details the duration of the lease, payment schedule, permitted uses of the vehicle, maintenance responsibilities, and conditions for returning the vehicle at the end of the lease. By clearly defining the rights and obligations of both parties, the clause helps prevent disputes and ensures that both the lessor and lessee understand their responsibilities throughout the lease term.
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Vehicle Lease. The lease of each Vehicle listed on this Schedule A shall constitute a separate and independent lease agreement subject to the terms and conditions contained in: (i) the TLSA; (ii) any amendments to the TLSA; (iii) this Schedule A; and (iv) any other written agreement between Ryder and you regarding that Vehicle. Any reference to the TLSA contained in any of the foregoing documents shall be deemed to refer to each and every Vehicle lease. Payments relating to an invoice for multiple Vehicles will be allocated on a pro-rata basis among the covered Vehicles. The terms of this Schedule A apply to all Vehicles listed on this Schedule A and are part of each respective Vehicle lease. If there is a conflict between the terms of this Schedule A and any other terms of the TLSA, then the terms of this Schedule A will apply.
Vehicle Lease. All provisions of this contract are applicable to and extended to any Vehicle Lease that may be initiated between Contractor and Area Agency during the terms of this contract.
Vehicle Lease. While the Executive is employed by the Company, the Company will lease a BMW X5 or materially comparable automobile for the Executive, and the Company will pay for all ordinary insurance, use, repair and maintenance expenses with respect to such automobile. The Company shall gross up for tax purposes any deemed income arising pursuant to the payment or benefits provided under this Section 3(g), so that the economic benefit is the same to Executive as if such payment or benefits were provided on a non-taxable basis to Executive.
Vehicle Lease. The Company will lease a vehicle, suitable to Employee's ------------- position, for the use of Employee during the term of his employment. Additionally, the Company will pay for the vehicle insurance(s), operating, maintenance expenses, plus any other vehicle cost(s) to Employee.
Vehicle Lease. The Lessor, as owner of the Vehicle, hereby leases to the Lessee the Vehicle, together with all accessories, additions, repairs and replacement parts affixed to it, now or in the future. The Lessee acknowledges that the Vehicle was received by it in good condition and repair
Vehicle Lease. The definition of "Operating Contracts" in the Sale -------------- Contract is hereby amended to include the Lease. Seller agrees to promptly request Lender's consent pursuant to the same economic terms under which Seller leases the Vehicle from Lender to (i) first, the assignment and assumption of the Lease by Buyer (the "ASSIGNMENT") and, if such request is refused, (ii) the sublease of the Vehicle from Seller to Buyer (the "SUBLEASE"). If the Lender does not consent to the Assignment or the Sublease, on or prior to the Closing Date, Buyer shall nonetheless be permitted to continue to use the Vehicle for sixty (60) days following the Closing Date, or such shorter period required by Lender, pursuant to the same economic terms under which Seller leases the Vehicle from Lender. Payments made for debt service and/or lease or sublease payments with respect to the Vehicle (regardless of whether such payments are made to Lender because the Lease has been assigned by Seller to Buyer, or to Seller because the Vehicle has been subleased by Seller to Buyer), as well as any one Vehicle leased in substitution for the Vehicle because Lender did not permit the Assignment or the Sublease, and payments made with respect to the exercise of a purchase option on the Vehicle shall each be considered a facility expense, which may be included in calculating Operating Losses as described in Section 4(a) of the Sale Contract.
Vehicle Lease. The Company’s payment of the insurance, costs, and monthly $1,600.00 lease payments for the Mercedes vehicle provided to the Individual by the Company during his employment shall cease on the Resignation Date. At his election, the Individual shall have the right to (i) have the Company cancel the lease and return the vehicle to the leasing company; or (ii) accept assignment or transfer of the lease and title from the Company and begin paying the insurance, costs, and monthly lease payments himself. The Individual must indicate his election by placing an “X” in the appropriate box: X he elects to cancel the lease; or o he elects to accept assignment or transfer of the lease and title and continue the lease himself. If the Individual elects to continue the lease himself, he shall be solely responsible for all insurance, costs, lease payments, and taxes on the vehicle upon assignment or transfer of the lease and title. Regardless of his election, the parties agree to cooperate and work together in good faith to take all actions reasonably necessary to effectuate the intent of this subparagraph.
Vehicle Lease. With respect to the vehicle leased by the Company for use by ▇▇. ▇▇▇▇▇, ▇▇. ▇▇▇▇▇ will have this option: (1) ▇▇. ▇▇▇▇▇ may purchase the vehicle pursuant to the terms and conditions contained in the lease; or (2) ▇▇. ▇▇▇▇▇ may agree, subject to the approval of the bank holding the lease, to assume lease payments from the Company. ▇▇. ▇▇▇▇▇ must choose one option within thirty (30) days of the Resignation Date. During such period ▇▇. ▇▇▇▇▇ will be the sole driver of the vehicle, except in cases of emergency. A violation of the foregoing will result in the vehicle immediately being returned to the Company.
Vehicle Lease. 35 ARTICLE VIII
Vehicle Lease. Moorhead shall lease to Fargo for use of the MAT Paratransit program the appropriate number of vehicles.