Rental Fleet definition

Rental Fleet means more than 25 motor vehicles that are:

Rental Fleet means Vehicles the Rental Owner designates as a Rental Fleet and which are offered for rent with or without drivers.

Rental Fleet means a fleet categorized under the North American Industry Classification System (NAICS) as an establishment engaged in renting passenger cars without drivers, generally for short or long periods of time (2007 NAICS code 532111 and 532112).

Examples of Rental Fleet in a sentence

• Rental fleet assets are similar to assets which the Company operates in North America and are positioned in the resource-rich states of Queensland and Western Australia as well as New South Wales.

• Rental fleet is capitalized at cost and depreciated over the estimated useful life of the unit using the straight-line method.

• Rental fleet related receivables are amounts due from car manufacturers or dealers after cars purchased with a repurchase clause have been returned to the car manufacturer at the end of the holding period.

• Consequently, although "at risk" cars are in the nature of tangible non-current assets, the company classifies these cars on the statement of financial position in current assets under "Rental fleet".

• All deliveries to customers with a valid Fleet Account Number (GM FAN) must be reported as 020 Daily Rental fleet delivery regardless of order type.

More Definitions of Rental Fleet

Rental Fleet means all crane products owned by the Borrower or its Subsidiaries which are (a) included in the consolidated balance sheet of the Borrower and (b) for which the current business purpose is to rent such crane products to customers under operating leases. GAAP restatement equipment and sale-leaseback equipment shall not be included in the Rental Fleet.

Rental Fleet means vehicles that are designated in the manner prescribed by the department as a rental fleet.

Rental Fleet all Equipment owned by or leased to the Parent Borrower or a Subsidiary of a Parent Borrower.

Rental Fleet means microturbine assets owned by the Company or its Subsidiaries that are available to rent, or already on rent, to end-use customers for on-site power generation. As of the Additional Notes Closing Date, the total capacity of the Rental Fleet is 8.6 MW.

Rental Fleet means vehicles which are rented or offered for rental with or without drivers, and which are designated by a rental owner as a rental fleet.

Rental Fleet has the meaning set forth in the Definition Section.

Rental Fleet means all vehicles and equipment of Seller which are held primarily for purposes of short or long term lease to customers. “Reorganization” As defined in Section 2.4(a). “Representative” - As defined in Section 4.3(r). “Repurchase Calculation” - As defined in Section 1.8(c). “Repurchased Unit” - As defined in Section 1.8(a). “Response” - As defined in Section 11.4(b). “Restricted Business” - As defined in Section 14.5(a)(i). “Restricted Period” means the period beginning on the Closing Date and ending on the fifth anniversary of the Closing Date. “Restricted Territory” - As defined in Section 14.5(a). “Restrictive Period” - As defined in Section 14.5(b). “Retained Assets” means the following: (i) all cash and cash equivalents and marketable securities of Seller; (ii) employment records required by Law to be maintained by Seller, Seller’s corporate seal, if any, minute books and stock or membership record books, the general ledgers and books of original entry, all Income Tax returns and other Income Tax records (to the extent they relate to the Business), reports, data, files and documents, to the extent not required to conduct the Business; (iii) all claims relating to Tax refunds, credits, abatements, rebates, duty drawbacks and other governmental charges of whatever nature relating to pre- Closing periods; (iv) all insurance policies and rights, including premium refunds; (v) all foreign currency hedging contracts;