Excluded Vehicle definition
Excluded Vehicle means a Rental ULC Vehicle which, at the time such Vehicle is acquired by Rental ULC, has been designated in writing to the Indenture Trustee and any other Person as required by an Indenture Supplement as being an “Excluded Vehicle” or is otherwise designated as an Excluded Vehicle by Rental ULC in accordance with the terms of the Indenture Supplements.
Excluded Vehicle means, collectively: (a) any recreational vehicle, motor home, bus, tow or recovery vehicle, all-terrain vehicle, snowmobile, water craft, scooter or moped, (b) any vehicle designed for use primarily in construction, agricultural or farming operations and (c) any vehicle with a gross vehicle weight rating above 16,000 pounds. “Existing Letters of Credit” has the meaning set forth in Section 5.2. “Existing Loan Agreement” has the meaning set forth in Recital A. “Existing Subsidiary Joinder Agreement” means an agreement substantially in the form attached hereto as Exhibit K. “Extending Lender” has the meaning set forth in Section 6.18.5. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the implementation of the foregoing. “Federal Funds Effective Rate” means, for any day, an interestthe greater of (a) zero and (b) the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day is not a Business Day, for the immediately preceding Business Day)calculated by the Federal Reserve Bank of New York, based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (Pacific time) on such day on 18 13483422v8
Excluded Vehicle means any of the vehicles specified in the First Schedule;
Examples of Excluded Vehicle in a sentence
A motor vehicle registered to You and meeting the Agreement ELIGIBILITY REQUIREMENTS that is covered under the terms and conditions of this Agreement and that is otherwise not an Excluded Vehicle.
Any taxes or expenses in connection with the transfer of the Excluded Vehicle Asset shall be borne by Target.
The purchase price of the Excluded Vehicle Asset shall be $14,725 (the "Excluded Vehicle Proceeds").
The Acquiror and Principal Shareholder shall arrange for the conveyance and transfer from Acquiror to Principal Shareholder of the Excluded Vehicle Asset as of the Closing Date.
Target shall have conveyed, and Principal Shareholder shall have purchased, the Excluded Vehicle Asset in accordance with Section 5.22 hereof.
More Definitions of Excluded Vehicle
Excluded Vehicle means any vehicle listed in Appendix 3 under “Excluded Vehicles” which is excluded from cover under this Contract and for which the Insurer provides no indemnification;