Sharing Party definition
Examples of Sharing Party in a sentence
Each Lessee agrees that each Fleet Sharing Agreement will include provisions consistent with those contained in Section 31 of this Lease pursuant to which, inter alia, each Fleet Sharing Party expressly and irrevocably submits to the non-exclusive jurisdiction of all federal and state courts of the State of New York and shall also include a provision whereby each Fleet Sharing Party agrees to be bound by the provisions of Section 9.2(b) of the Base Indenture.
Each Group IV Lessee shall or shall cause each applicable Fleet Sharing Party to perform, at its own expense, such vehicle preparation and conditioning services with respect to Group IV Vehicles leased by it as are customary.
Notwithstanding any such Group IV Lessee Agreement, each Group IV Lessee shall remain fully liable for its obligations under this Lease and the other Group IV Related Documents (including any obligation hereunder or thereunder that it may cause any Fleet Sharing Party to perform or fulfill).
Each Group IV Vehicle is or will be, on the Vehicle Funding Date therefor hereunder, a Group IV Eligible Vehicle, and each party sharing a Group IV Vehicle with a Group IV Lessee (other than an Other Permitted User using, pursuant to SECTION 8, Group IV Vehicles leased by such Named Group IV Lessee) is or will be, as the case may be, a Fleet Sharing Party on the date that the Fleet Sharing Agreement applicable to such Group IV Vehicle commences.
Notwithstanding any such Lessee Agreement, each Lessee shall remain fully liable for its obligations under this Lease and the other Related Documents (including any obligation hereunder or thereunder that it may cause any Fleet Sharing Party to perform or fulfill).
In case of separation of personnel, the Accessing party shall inform Sharing Party at least 7 days in advance of the separation.
Each Vehicle is or will be, on the Vehicle Funding Date therefor hereunder, an Eligible Vehicle, and each party sharing a Vehicle with a Lessee (other than an Other Permitted User using, pursuant to Section 8, Vehicles leased by such Named Lessee) is or will be, as the case may be, a Fleet Sharing Party on the date that the Fleet Sharing Agreement applicable to such Vehicle commences.
For this purpose, the Parties will provide the Sharing Party with a list of the names of all Party personnel requiring access to the DB, their titles, descriptions of their functions, and requested access levels.
The Sharing Party is responsible for overseeing the granting of access rights to the requested users.
The Lessor, upon thirty (30) days’ prior notice to the applicable Lessee, may pay any such expenses that have not otherwise been paid by, or on behalf of, such Lessee (including any failure by a Fleet Sharing Party to pay any such expenses), and any expenses paid by the Lessor on a Lessee’s behalf for maintenance, repair, operation or use by the Lessee of Vehicles will promptly be reimbursed (in any event no later than the next Payment Date following such payment) by such Lessee to the Lessor.