Examples of Medallion owner in a sentence
Agents must provide to owners an annual accounting of all taxes, fees, insurance and other costs paid or remitted on behalf of the Medallion owner.
This means that if you, the Taxicab Medallion owner, find a buyer for your Taxicab, or if another Broker finds a buyer, you must nonetheless pay the agreed commission to the Broker who has the Exclusive Right to Sell.This explanation must be signed or initialed by the owner and attached to the listing, printed in boldface type on the listing, or printed on the reverse side of the listing.
A Medallion owner or agent with more than one Medallion can transfer a Medallion from vehicle to vehicle as long as he/she follows all requirements.
Upon the closing of a sales transaction, the submission of acceptable evidence of insurance to the Authority, the successful completion of a vehicle inspection and the payment of fees, penalties or fines outstanding against a party to the transaction and issuance of a Certificate of Public Convenience to the new Medallion owner, the TLD will attach a Medallion to the buyer’s vehicle.
A Medallion may be removed by the Medallion owner, the Authority Staff or its Agents, the vehicle owner of the vehicle or an individual with a judgment against the Medallion.