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

• The Borrower will not permit the aggregate net book value of all crane products of the Borrower and its Subsidiaries that are part of their Rental Fleet to exceed $100,000,000 at any time.

• The sale of the Rental Fleet is made without warranty of any kind, except as set forth in SECTION 5; and provided further that Seller will provide a limited 90-day warranty on the Rental Inventory and the Additional Inventory as provided in EXHIBIT D.

• Each Borrower shall keep records of its Rental Fleet that are accurate and complete in all material respects and shall furnish the Agents with inventory reports respecting such Rental Fleet in form and detail reasonably satisfactory to the Agents and Lenders at such times as the Agents may reasonably request.

• In addition, as the majority of the Kingdom’s population are young, the second table above reflects the correspondingly younger average age of the Company’s customers and it also supports the car rental fleet mix shown in Table 4.13 (Overview of the Rental Fleet Mix by Make from 2017G to the Three-Month Peroid Ended 31 March 2020G) as the young generation, generally, forms part of the low and medium income groups of the population.

• In the event that an Event of Default shall have occurred and be continuing, upon the request of the Canadian Collateral Agent, such Instrument or Chattel Paper (other than ordinary course rental contracts for Rental Fleet Vehicles) shall be promptly delivered to the Canadian Collateral Agent duly endorsed in a manner satisfactory to the Canadian Collateral Agent to be held as Collateral pursuant to this Agreement.

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 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 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 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;