Current Vehicle definition
Examples of Current Vehicle in a sentence
Any disputes relating to any determination made by the Project Administrator that a claim form has not been properly completed, or that the Current Vehicle Owner who receives notice is not eligible for compensation shall be subject to review and determination by the Executive Committee, upon request of the Current Vehicle Owner, and such determination shall be binding on State Farm.
State Farm will notify the Project Administrator, defined below, of the identities and last known addresses of the Current Vehicle Owners within 15 days of the Identification Date.
The Attorneys General and State Farm enter into this AVC in order to provide the compensation set forth in this AVC to those eligible Current Vehicle Owners, as defined further below, and to ensure that those Current Vehicle Owners are made aware that vehicles they may be operating may have been required to be titled on branded certificates of title.
The Project Administrator shall make reasonable efforts to obtain and utilize Current Vehicle Owners’ current mailing addresses.
During the lease of the Current Vehicle the Company shall continue to pay for maintenance and insurance of such vehicle.
In addition, State Farm proposed the framework of the project set forth below, designed to notify Current Vehicle Owners, as defined below, of the branded status of their vehicles, and the implementation of a possible compensation program.
If an Independent Contractor satisfies its payment obligations under its Transaction, but returns the Vehicle(s) in a condition that violates the terms of such Transaction, then Servicer shall apply all or a part of the Security Deposit Accrual to the cost of repairs and maintenance necessary to re-lease or sell the Vehicle(s) at such Vehicle(s)’ Current Vehicle Value, and return the remaining balance of Security Deposit Accrual, if any, to the Independent Contractor.
The Final Report shall include the number of Current Vehicle Owners receiving compensation, the total dollar amounts of all payments of compensation made by state, a report on any compensation payments sent to Current Vehicle Owners which remain unclaimed as of the date of the Final Report, and shall be submitted to the participating Attorneys General within 120 days following the date by which all payments to any affected Current Vehicle Owners have been sent by the Project Administrator.
State Farm will identify all persons who are the Current Vehicle Owners of Unresolved Vehicles and who the Attorneys General and State Farm agree will be offered compensation pursuant to this AVC.
Such notice and claim form shall be in a form substantially similar to the document attached hereto as Exhibits A and B and will be provided to the Current Vehicle Owners by the Project Administrator within 60 days of the Identification Date.