Motor vehicle lease definition

Motor vehicle lease means a lease contract as that term is defined in section 1 of 1990 PA 169, MCL 445.991.
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Motor vehicle lease means the motor vehicle lease entered into by the Employee with BOQ as detailed in item 5 of the Particulars;
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Motor vehicle lease means obtain- ing a motor vehicle by contract or other arrangement from a commercial source for 60 continuous days or more.
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Examples of Motor vehicle lease in a sentence

  • Motor vehicle lease sales tax revenue allocated to transportation purposes in recent years amounts to a relatively small share of overall transportation funding, but can be significant for comparatively smaller budget activities like Greater Minnesota transit.

  • Motor vehicle lease rental payments are fixed over the term of the lease.

  • Being a significant funding stream, MVST is a consideration in crafting the budget, yet the funds are not generally apparent from bill language or some budgetary documents.• Motor vehicle lease sales tax revenue.

  • Motor vehicle lease additional tax.--There is hereby imposed on each lease of a motor vehicle subject to tax under Article II of the Tax Reform Code of 1971 an additional tax of 3% of the total lease price charged.

  • Motor vehicle lease terms can range from 3 years (60,000km) up to 5 years (100,000km).

  • Motor vehicle lease tax is not due on this because the lease was entered into prior to January 1, 1997, the effective date of the motor vehicle lease tax.

  • Motor vehicle lease terms can range from 3 years (60 000km) up to 5 years (100 000km).

  • Motor vehicle lease (see section 102-34.25(b)) Motor vehicle markings (see "Motor vehicle identification" in this section) Motor vehicle purchase (see section 102-34.25(a)) Motor vehicle rental (see section 102-34.25(c)) Motor vehicles transferred from excess (see section 102-34.25(e)) Owning agency means the executive agency that holds the vehicle title, manufacturer’s Certificate of Origin, or is the lessee of a motor vehicle lease.

  • Motor vehicle lease tax is not due on the exercised option period because the option is an extension of the original lease which was entered into prior to January 1, 1997, the effective date of the motor vehicle lease tax.

  • Motor vehicle lease agreements definitions determination of employment.

Related to Motor vehicle lease

  • Motor vehicle surface means any pervious or impervious surface that is intended to be used by “motor vehicles” and/or aircraft, and is directly exposed to precipitation including, but not limited to, driveways, parking areas, parking garages, roads, racetracks, and runways.

  • Motor vehicle fuel means any petroleum distillate having a Reid vapor pressure of more than four (4) pounds per square inch and that is used to power motor vehicles. Diesel fuel and kerosene are not considered to be motor vehicle fuels.

  • Motor vehicle means land vehicles propelled other than by muscular power, such as automobiles, motorcycles, autocycles, and low speed vehicles. For the purposes of this definition, motor vehicle does not include farm equipment, snowmobiles, all-terrain vehicles, motorized wheelchairs, go-carts, gas buggies, golf carts, ski-slope grooming machines, or vehicles that run only on rails or tracks.

  • Motor Vehicles means motor vehicles, tractors, trailers and other like property, whether or not the title thereto is governed by a certificate of title or ownership.

  • Motor vehicle manufacturer means any of the following:

  • Antique motor vehicle means every motor vehicle, as defined in this section, which was actually

  • New motor vehicle means a motor vehicle that:

  • Motor vehicle dealer or "dealer" means any person who:

  • Motor vehicle salesperson or "salesperson" means any person who is licensed as and employed as a

  • Regulated motor vehicle surface means any of the following, alone or in combination:

  • Used motor vehicle means a motor vehicle that is not a new motor vehicle.

  • Electric motor vehicle means a motor vehicle that is powered solely by an

  • Eligible Lease means, as of any date of determination, a Lease for a Property that satisfies all of the following:

  • Uninsured motor vehicle means a land motor vehicle or trailer of any type:

  • Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability bond or policy applies at the time of the accident but its limit for bodily injury liability is either:

  • Cooperative Lease With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment.

  • Motor vehicle record or "MVR" means a driving record under Subsection 53-3-109(6)(a).

  • New motor vehicle dealer means a person, including a distributor, that holds a dealer agreement granted by a manufacturer, distributor, or importer for the sale or distribution of its motor vehicles; is engaged in the business of purchasing, selling, exchanging, or dealing in new motor vehicles; and has an established place of business in this state.

  • Used motor vehicle dealer means a person that is engaged in the business of purchasing, selling, exchanging, or dealing in used motor vehicles and that has an established place of business in this state at which it conducts that business. The term does not include a new motor vehicle dealer purchasing, selling, exchanging, or dealing in used motor vehicles as part of its business of purchasing, selling, exchanging, or dealing in new motor vehicles.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • passenger vehicle means a motor vehicle (other than a motor cycle or invalid carriage) constructed solely for the carriage of passengers and their effects and adapted to carry not more than twelve passengers exclusive of the driver, and not drawing a trailer;

  • Commercial motor vehicle means a motor vehicle or combination of motor vehicles used in commerce to transport passengers or property if the motor vehicle:

  • Sale Leaseback means any transaction or series of related transactions pursuant to which the Borrower or any of the Restricted Subsidiaries (a) sells, transfers or otherwise disposes of any property, real or personal, whether now owned or hereafter acquired, and (b) as part of such transaction, thereafter rents or leases such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold, transferred or disposed.

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Finance Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a finance or capital lease.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.