Private carrier definition
Examples of Private carrier in a sentence
Successor Trust Administrator............................169 SECTION 10.09.
I own AXC Co. Ltd at Delhi and I have to send my own goods to my manufacturing unit at Meerut so for this purpose if I use my own truck to carry my own goods, it means this vehicle is under the category of Private carrier vehicle Goods carrying vehicles (General Cartage): These are the vehicles which are used under a Public Carrier’s permit within the meaning of the Motor Vehicles ▇▇▇ ▇▇▇▇.
A.C. it renamed as Public carrier and Private carrier for rating purpose.
In the event of insolvency and consequent liquidation of the assets of Borrower, through bankruptcy, by an assignment for the benefit of creditors, by voluntary liquidation, or otherwise, the assets of Borrower applicable to the payment of the claims of both Lender and Guarantor shall be paid to Lender and shall be first applied by Lender to the Obligations.