Vehicle Age definition

Vehicle Age with respect to a Financed Vehicle, means the year of origination of the Contract for such Financed Vehicle minus the model year of such Financed Vehicle.

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Vehicle Age means the age of the vehicle computed by totaling the number of the years in between and including both the calendar year and model year. For example, a vehicle with a model year of 2009 has a vehicle age of 4 years in the 2012 calendar year (2009 + 2010 + 2011 + 2012).

Vehicle Age has the same meaning as in schedule 2.

Examples of Vehicle Age in a sentence

• Vehicle Age A Designated Vehicle must be less than 15 years old, unless otherwise agreed in writing by the Department.

• Vehicle Age Vehicle age will be calculated as the elapsed time between the date a Vehicle was first registered anywhere in the world and the measurement date.

• Low-use vehicles are exempt from the Compliance Schedule, Section IV, the Maximum Allowable Vehicle Age Requirement, Section III, but are subject to the Annual Reporting Requirement, Section VI.

• Vehicle Age will be based on the date contained in the vehicle warranty card, which represents the date on which warranty coverage applies for each vehicle or the ownership card.

• Vehicles previously approved under the 2007 LAX Alternative Fuel Vehicle Requirement Program are exempt from the Maximum Allowable Vehicle Age Requirement, Section III, but are subject to the Annual Reporting Requirement, Section VI.

More Definitions of Vehicle Age

Vehicle Age means the age of the WAV at the time when the Subsidy is paid (so that all the conditions for payment of the Subsidy listed in clause 4.1 must have been satisfied), calculated from the build date as shown on the vehicle manufacturer’s compliance plate.

Vehicle Age means the numerical diEEerence between the current calendar year and the vehicle model year.

Vehicle Age no vehicle will be older than fifteen years old following its first registration, unless it has been subject to a full mid-life refurbishment within the preceding five years; • Emissions: vehicles operated in the Area will comply with the following standards: ⮚ All vehicles will comply with Euro IV emissions standards or better from the commencement of the Agreement; ⮚ All new vehicles introduced to the fleet will comply with Euro VI emissions or better throughout the term of the Agreement;