Excess Reduction Option definition

Excess Reduction Option means the Liability Reduction Option described in clause 28.
Excess Reduction Option means the Liability Reduction Option described in clause 31. ‘Rental Period’ means the hire period or any agreed variation thereof and any additional period during which the Vehicle is in the Customer’s possession or control.

Examples of Excess Reduction Option in a sentence

  • Spaceships reserve the right to not supply another Vehicle regardless of your Excess Reduction Option.

  • These fees apply regardless what Excess Reduction Option you have.

  • Please note the hirer is fully liable for all towing/ retrieval costs of the damage vehicle regardless of the Excess Reduction Option the hirer has selected.

  • If no Excess Reduction Option is taken, the Customer is responsible for the first AU$3000.00 of the cost of damage The excess applies in respect of each claim, not rental.

  • The Customer is responsible for all damage if travelling on these roads, liable for ALL associated costs of any repairs, towing and all damages if you do regardless of which Excess Reduction Option you have.

  • Please be aware that once an Excess Reduction Option is selected and confirmed with Happy Campers, the cost of the Excess Reduction Options is NON- REFUNDABLE.

  • Subject to these Terms and Conditions, at additional cost You may purchase a Damage Excess Reduction Option that reduces the amount of the Damage Excess payable in the event of a claim for an Accident or theft to the amount shown in the Rental Agreement.

  • The Vehicle Security Deposit amount is determined by the Excess Reduction Option selected.

  • Please note the Hirer is fully liable for all costs if the accessories are lost, damaged or stolen regardless of what Excess Reduction Option was taken.

  • With Excess Reduction Option 2 when the rented Vehicle is a 4WD the Customer is responsible for the first AU$500 of the cost of damage as described in clause 22.8.

Related to Excess Reduction Option

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(f);

  • Renewal Option has the meaning set forth in §12.1.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Elected Amount has the meaning set forth in the definition of “Consolidated Secured Debt Ratio.”

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Allocable Excess Proceeds will mean the product of:

  • Commitment Reduction Notice has the meaning given that term in Section 2.13.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Top-Up Option has the meaning set forth in Section 1.4(a).

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Option Period means the period during which an Option may be exercised.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.