Excluded Vehicles definition

Excluded Vehicles is defined in Section 4.1.

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Excluded Vehicles means any which:

Excluded Vehicles at any time, Vehicles with a model year older than 10 years at the time of determination, including all tires and appurtenances thereto.

Examples of Excluded Vehicles in a sentence

Subject to Section 9.1, Landlord acknowledges and agrees the Excluded Property and the Excluded Vehicles are not to be transferred to Landlord pursuant to this Section 8.4. Tenant shall execute and deliver such assignments, conveyance documents, bills of sale and other instruments as Landlord shall reasonably require to evidence the conveyances and transfers referenced in this Section 8.4 and otherwise reasonably assist Landlord with such conveyances and transfers.
Attached hereto as Schedule 16 is a substantially true and correct list of each Vehicle (as defined in the Guarantee and Collateral Agreement) other than Excluded Vehicles (as defined in the Guarantee and Collateral Agreement) owned by a Borrower Party as of the date hereof, together with the owner of each such Vehicle, the model year of such Vehicle, the VIN number of such Vehicle, and an indication of whether such Vehicle is a tractor, trailer or “private passenger” Vehicle.

More Definitions of Excluded Vehicles

Excluded Vehicles means, at any time, Vehicles with a model year older than 10 years that are owned by a Grantor, including all tires and appurtenances thereto.

Excluded Vehicles means all Vehicles with individual Fair Market Values below $100,000; provided, that to the extent that the Company or any Restricted Subsidiary acquires any Vehicles and, following such acquisition(s), the aggregate Fair Market Values of all titled vehicles with individual Fair Market Values below $100,000 shall exceed $5.0 million, such Vehicles shall not be Excluded Vehicles.

Excluded Vehicles means vehicles that are subject to a certificate of title law so long as the total value of such property at any one time does not exceed $1,000,000 in the aggregate.

Excluded Vehicles all Vehicles purchased with the proceeds of Vehicle Debt.

Excluded Vehicles all trucks, trailers, construction and earth moving equipment, drilling rigs, well service rigs and workover rigs covered by a certificate of title issued by any State and having a fair market value of less than $50,000 each.

Excluded Vehicles has the meaning set forth in subsection 2.3(g).

Excluded Vehicles means with respect to any Grantor, Vehicles owned by such Grantor as of the date hereof which when combined with the Vehicles owned by all other Grantors as of the date hereof, have a Fair Market Value not in excess of $1,000,000 in the aggregate for all Grantors.