Primary Vehicle Clause Samples
The "Primary Vehicle" clause designates a specific vehicle as the main or principal vehicle covered or referenced under an agreement or policy. This clause typically identifies the vehicle by make, model, year, and identification number, ensuring there is no ambiguity about which vehicle is subject to the terms of the contract. By clearly defining the primary vehicle, the clause helps prevent disputes over coverage, responsibilities, or entitlements related to multiple vehicles, thereby ensuring clarity and proper allocation of rights and obligations.
Primary Vehicle. On the basis and Subject to the other terms in this Article 2, Brookfield agrees that, during the Term, the GGP Group will serve as the primary vehicle through which opportunities presented to Brookfield and its Affiliates to acquire or develop Regional Malls or portfolios of Regional Malls (“Target Opportunities”) in Canada and the United States (the “Target Area”) will be made by Brookfield and its Affiliates.
Primary Vehicle. Subject to the other terms in this Article 2, each of Brookfield and the Managers agrees that, during the Term, the BREP Group will serve as the primary vehicle through which the Brookfield Group will acquire Power Operations on a global basis.
Primary Vehicle. Each of Duke and Phil▇▇▇▇ ▇▇▇sently intends that the Corporation shall be the primary vehicle by which it conducts the midstream gas gathering and processing business in the United States and Canada.
Primary Vehicle. Subject to the other terms in this Article 2, the parties agree that, during the Term, the TERP Group will serve as the primary vehicle through which the Brookfield Group will acquire Operating Renewable Assets within the Territory.
Primary Vehicle. Subject to the other terms in this Article 2, each of BAM and the Managers acknowledges and agrees that, during the Term, the BIP Group will serve as the primary vehicle through which infrastructure related acquisitions will be made by BAM and its Affiliates on a global basis.