Excess Miles Sample Clauses
The Excess Miles clause defines the terms and consequences when a lessee exceeds the mileage limit specified in a vehicle lease agreement. Typically, this clause outlines the maximum number of miles allowed during the lease period and stipulates a per-mile fee for any additional miles driven beyond that limit. For example, if a lease allows 12,000 miles per year and the lessee drives 13,000 miles, they would owe a fee for the extra 1,000 miles. The core function of this clause is to protect the lessor from the increased depreciation and wear associated with higher mileage, while providing clear guidelines and costs for the lessee if they exceed the agreed-upon mileage.
Excess Miles. To the extent Car Provider is responsible for excess mileage charges on the Cars, Car User shall be responsible, and shall promptly pay to Car Provider, these charges on a prorated basis. For example, if Car Provider is obligated to pay $0.03 per mile for each mile over 30,000 in a calendar year, which equates to 2,500 miles per month, and if Car User has the Cars for one month and the Cars travel 3,200 miles that month, Car User shall pay Car Provider for each Car (700 x $0.03) which travelled this distance. The Parties will, in good faith, share information about their contractual mileage obligations. *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Excess Miles. Trainmen making excess mileage will carryover to the next checking period, twice the excess miles so
Excess Miles. Locomotive Engineers and Conductors making excess mileage will carry over double the mileage in properly earned to the next checking period where no vacation is allotted.