Mileage limit definition

Mileage limit. – this term means the maximum number of kilometres indicated in the Special Terms that the Vehicle may cover without incurring additional charges (fees) to the Lessee. The cost of the Mileage limit is included in the Lease Payment. Excess mileage fee is indicated in the Special Terms.
View Source
Mileage limit means the number of miles that a Lease Vehicle may be driven during the Lease Term without incurring an Excess Mileage Fee; such limit shall be set forth in the Lease.
View Source
Mileage limit. The maximum number of miles indicated on the Schedule Page that this Agreement shall be in force. OBLIGOR, WE, US, AND OUR: Auto Knight Motor Club, Inc., ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇., ▇▇▇. ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (▇▇▇) ▇▇▇-▇▇▇▇) who is the Obligor to this Agreement except in the state of Florida and Oklahoma. In the state of Florida and Oklahoma, the Obligor is ▇▇▇▇▇▇ Southern Insurance Company, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇., ▇▇▇. ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Tel: (▇▇▇) ▇▇▇-▇▇▇▇, (Florida License No. 03698, Oklahoma License No. 44194686). PRE-EXISTING: A condition and/or failure that within all reasonable mechanical probability and mechanical fitness existed prior to the Agreement Purchase Date.
View Source

Examples of Mileage limit in a sentence

  • If in the Special Terms the Lessee has selected the Expected mileage limit that exceeds the Allowed Mileage limit, the Lessee shall be charged with the increased Rental fee set out in the Special Terms, but the charge for the Excess Mileage fee shall be applied after the Lessee exceeds the mileage level selected by the Lessee.

  • Mileage limit of 500 miles per round trip at the maximum rate per mile allowed by the IRS for miles driven from the place of employment or the employee’s residence.

  • Rental Payable when and how Monthly payment date Mileage limit and excess mileage charge (incl.


More Definitions of Mileage limit

Mileage limit. –this term means the maximum number of kilometres indicated in the Special Termsthat the Vehicle may cover without incurrinagdditional charges(fees)to the Lessee. The cost of thMeileage limit is included in theLease Paymen.tExcess mileage fee is indicated in the Special Terms.
View Source
Mileage limit shall be: The lower of (a) or as measured by the odometer that each item of Purchase Money Inventory can be driven before payment to AFC is required under section 2.5 or (b) or as measured by the odometer that each item of Purchase Money Inventory can be driven after the date of Advance before payment to AFC is required under Section 2.5.
View Source

Related to Mileage limit

  • Lower explosive limit (LEL) means the concentration of a compound in air below which a flame will not propagate if the mixture is ignited.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.