Excess Wear and Use definition

Excess Wear and Use means, for a Leased Vehicle, the amount assessed under the related Lease for damages to the Leased Vehicle that are not the result of normal wear and use, whether or not the assessed amount is waived or collected.
Sample 1Sample 2Sample 3

Examples of Excess Wear and Use in a sentence

  • Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

  • The Servicer will require the Lessee to pay Excess Wear and Use or Excess Mileage as required by the terms of the related Lease.

  • On return of a Leased Vehicle by the related Lessee to the Dealer, the Servicer will cause the Leased Vehicle to be inspected for Excess Wear and Use, Excess Mileage, and any required repairs and will cause a vehicle condition report (unless the Dealer is purchasing the Leased Vehicle) to be delivered to the Servicer.

  • Test 3.3(j) – 11: Total Miles Allowed Observe the "Excess Wear and Use" section of the Lease and confirm the price per mile and the mileage lines are completed according to applicable Ford Credit procedure.

  • Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2023-2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

  • Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2017-2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

  • Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2018-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

  • Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2016-2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

  • Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2017-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

  • Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2024-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Related to Excess Wear and Use

  • Wear and tear means damage or a reduction in value through age, ordinary use or lack of maintenance.

  • Normal wear and tear means deterioration that occurs without negligence, carelessness, accident, or abuse.

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Exclusive Use Area means a part or parts of the common property for the exclusive use by the owner or owners of one or more sections;

  • Direct Damage has the meaning given to it in clause 26.2;

  • Excess property means property under the control of any Federal awarding agency that, as determined by the head thereof, is no longer re- quired for its needs or the discharge of its responsibilities.

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Operating Cost means the costs associated with operating a DCA funded property after it is placed in service.

  • Excess Special Hazard Loss Any Special Hazard Loss, or portion thereof, that exceeds the then applicable Special Hazard Amount.

  • Capital Addition means, with respect to any Property, any renovation, repair or improvement to such Property, the cost of which constitutes a Capital Expenditure.

  • excess risks means, in relation to a Ship, the proportion of claims for general average, salvage and salvage charges not recoverable under the hull and machinery policies in respect of the Ship in consequence of its insured value being less than the value at which the Ship is assessed for the purpose of such claims;

  • Excess Withdrawal is a withdrawal of Account Value that exceeds the Free Withdrawal Amount. This term may not apply to your Contract.

  • Fuel Additive means any substance designed to be added to fuel or fuel systems or other engine-related engine systems such that it is present in-cylinder during combustion and has any of the following effects: decreased emissions, improved fuel economy, increased performance of the engine; or assists diesel emission control strategies in decreasing emissions, or improving fuel economy or increasing performance of the engine.

  • Property damage means physical injury to, destruction of or loss of use of tangible property.

  • Excess means an amount of money paid in a calendar year towards the cost of each hospital episode of care up to an annual maximum before fund benefits are payable.

  • Contract Demand means:-

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;