Excess Mileage Charges definition

Excess Mileage Charges means, with respect to any Transaction Unit, the amount of charges for excess mileage on the related Transaction Vehicle received by the Servicer at the expiration of the Transaction Lease.
Excess Mileage Charges means, with respect to any Unit, the amount of charges for excess mileage on the related Vehicle received from the Lessee at the expiration of the Lease.
Excess Mileage Charges means, with respect to any Program Vehicle, the amount charged to RCFC (or the applicable Lessee), or deducted from the Repurchase Payment or Guaranteed Payment, by the Manufacturer of such Vehicle due to the fact that such Vehicle has mileage over a prescribed limit at the time that such Vehicle is disposed of at Auction or turned in to such Manufacturer or its agent for repurchase, in either case pursuant to the applicable Vehicle Disposition Program.

Examples of Excess Mileage Charges in a sentence

  • Note: Item 105.10 Excess Mileage Charges and Item 100.30 Extended Area Service charges are included in rates.

  • Upon expiry of the Fixed Period or earlier termination of this agreement at our request you will also pay Excess Mileage Charges calculated as follows (see clause 13 of the terms and conditions).

  • The following rates and charges apply for Centrex Downtown Core Service:ANote: Item 105.10 Excess Mileage Charges and Item 100.30 Extended Area Service charges are included in rates.

  • Note: Item 105.10 Excess Mileage Charges and Item 100.30 Extended Area Service charges are included in rates.ITEM Centrex Service II – Continued200.204.

  • The Rentals and Hiring Excess Mileage Charges shown in the Schedule are exclusive of VAT at the rate shown in the Schedule.


More Definitions of Excess Mileage Charges

Excess Mileage Charges means, with respect to any Program Vehicle, the amount charged or deducted from the Repurchase Price, by the Manufacturer of such Vehicle due to the fact that such Vehicle has mileage over a prescribed limit at the time that such Vehicle is turned in to such Manufacturer or its agent for repurchase or Auction pursuant to the applicable Manufacturer Program.
Excess Mileage Charges means, in relation to a Programme Vehicle, an amount which may be charged by the relevant Vehicle Manufacturer or Vehicle Dealer or deducted from the Vehicle Manufacturer Repurchase Price in accordance with the relevant Vehicle Manufacturer Buy-Back Agreement or the Vehicle Dealer Buy-Back Agreement (as applicable) by reason of the recorded mileage of such Vehicle exceeding a prescribed limit at the time that such Vehicle is turned back to the Vehicle Manufacturer or Vehicle Dealer.
Excess Mileage Charges means the charges under a Lease due to mileage on the related Leased Vehicle over a prescribed limit.
Excess Mileage Charges has the meaning given to it in the applicable Series Supplement.
Excess Mileage Charges has the meaning specified in the Lease.
Excess Mileage Charges means, with respect to any Program Vehicle, the amount charged or deducted from the Repurchase Price, by the Manufacturer of such Vehicle due to the fact that such Vehicle has mileage over a prescribed limit at the time that such Vehicle is turned in to such Manufacturer or its agent for repurchase or Auction pursuant to the applicable Manufacturer Program. “Excess Issuer Operating Expense Amount” means, with respect to any Payment Date the excess, if any, of (i) the Issuer Operating Expense Amount with respect to such Payment Date over (ii) the Capped Issuer Operating Expense Amount with respect to such Payment Date. “Excess Trustee Fee Amount” means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the Issuer Security Trustee Fee Amount with respect to such Payment Date over (ii) the Capped Issuer Security Trustee Fee Amount with respect to such Payment Date. “Excluded Payments” means (a) all incentive payments payable by a Manufacturer to purchase Vehicles (but not any amounts payable by a Manufacturer as an incentive for selling Program Vehicles outside of the related Manufacturer Program), (b) all amounts payable by a Manufacturer as compensation for the preparation of newly delivered vehicles, (c) all amounts payable by a Manufacturer as compensation for interest payable after the purchase price for a Vehicle is paid, (d) all amounts payable by a Manufacturer in reimbursement for warranty work performed by or on behalf of a FleetCo on the relevant Vehicles and (e) any volume rebates in connection with the purchase of Vehicles which are due to any OpCo. “Existing/Prior Financing” means:
Excess Mileage Charges means, with respect to any Program Vehicle, the amount charged to AESOP Leasing, AESOP Leasing II, ARAC, BRAC or CCRG, as the case may be, or deducted from the Repurchase Price, by the Manufacturer of such Vehicle due to the fact that such Vehicle has mileage over a prescribed limit at the time that such Vehicle is turned in to such Manufacturer or its agent for repurchase pursuant to the applicable Manufacturer Program.