Construction Equipment Vehicle definition

Construction Equipment Vehicle means a vehicle as defined in rule 2(cab) of the Central Motor Vehicles Rules, 1989. The use of public road by Construction Equipment Vehicle is incidental to the main off-route function. If the public road is being used regularly for carrying on commercial activities, then Construction Equipment Vehicle shall be deemed to be a Transport Vehicle.
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Construction Equipment Vehicle means a vehicle as defined in rule 2(ca) of the Central Motor Vehicles Rules, 1989. The use of public road by
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Construction Equipment Vehicle means rubber tyred, (including pneumatic tyred), rubber padded or steel drum wheel mounted, self-propelled, excavator, loader, backhoe, compactor roller, dumper, motor grader, mobile crane, dozer, fork lift truck, self-loading concrete mixer or any other construction equipment vehicle or combination thereof designed for off-highway operations in mining, industrial undertaking, irrigation and general construction but modified and manufactured with “on or off” or “on and off” highway capabilities
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Examples of Construction Equipment Vehicle in a sentence

  • However, if the Construction Equipment/ Vehicle Loan is prepaid the DCs will be cancelled and returned to the Borrower(s).

  • Disbursement of Construction Equipment/ Vehicle Loan as above by the Bank shall be construed as deemed drawdown under this Agreement, notwithstanding any dispute between the Borrower and the Bank or the Dealer or Manufacturer or Body Builder of the Asset.

  • The Bank shall at its sole discretion, be entitled to revise the Interest Rate and Default Interest Rate on the Construction Equipment/ Vehicle Loan, without, assigning any reason for such revision and such revised rates shall thereafter apply to the Borrower(s).

  • The Bank shall at its sole and absolute discretion credit the Construction Equipment/ Vehicle Loan to a designated bank account, details provided in the Schedule, in the name of the Borrower(s) to be held with the Bank itself or such bank to whom Electronic Debit Instructions are given as specified in Clause 7.6 hereinafter ("Construction Equipment/ Vehicle Loan Account').