Car Lease definition
Examples of Car Lease in a sentence
Any notice served under this Car Lease Agreement shall be made in writing and shall be considered served if it is handed to the other Party in person or delivered to their last known address or any other such address as the Party being served may have notified as his address for service.
It is agreed that the Lessee shall make use of the Vehicle during the operation of this Car Lease Agreement in accordance with terms of this Car Lease Agreement and will return the Vehicle to the Place of Collection on or before the Return Date with the same fuel level as when the Vehicle was taken.
The Company shall continue to maintain an insurance policy that will cover the Executive’s use during the period of the Car Lease Benefit.
Sellers have made available to Purchaser true, correct and complete copies of each Owned Car Lease Contract and all amendments or modifications thereto.
Schedule 1.8 sets forth the location of each Owned Car, other than Owned Cars that are subject to an Owned Car Lease Contract as of the date hereof.
Each Owned Car that is subject to an Owned Car Lease Contract is suitable for interchange on the lines of Class I railroads.
Each Owned Car Lease Contract (i) is in full force and effect, free and clear of Encumbrances and is not subject to any defense, offset, claim, right of rescission or counterclaim by any party thereto, and (ii) is valid, binding and enforceable in accordance with its terms, except as may be limited by the Bankruptcy Exception.
Sellers hold the original chattel paper of or for each Owned Car Lease Contract.
Sellers do not have any liabilities or obligations under any Managed Car Lease Contract except as agent for the owner or lessor of any Managed Cars leased pursuant to a Management Contract.
DEFINITIONS In this Car Lease Agreement: Legal language can be confusing.