Fleet Asset definition

Fleet Asset means all mobile equipment assets and their Attachments, excluding Edmonton Transit Services buses, Disabled Adult Transit Service buses, Waste Services mobile equipment and Edmonton Police Services units, but including but not limited to: golf carts, mowers, pickup trucks, fire apparatus, pavers, long haul trailers, trailers, tractors, skid steers, stump grinders, etc.
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Fleet Asset means any asset of the Company or any of its Subsidiaries primarily used in the Fleet Business.
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Examples of Fleet Asset in a sentence

  • To the extent consistent with its operating status, each Parent Fleet Asset is seaworthy, has all material national and international operating certificates and endorsements, each of which is valid, that are required for the operation of such Parent Fleet Asset in the trades and geographic areas in which it is operated.

  • To the extent consistent with its operating status, each Company Fleet Asset is seaworthy, has all material national and international operating certificates and endorsements, each of which is valid, that are required for the operation of such Company Fleet Asset in the trades and geographic areas in which it is operated.

  • As of the Closing Date, other than that certain charter hire agreement between Fleet, as owner, and GLDD LLC, as charterer, with respect to the ATB, no Fleet Asset owned by a Credit Party is subject to a bareboat charter or a time charter.

  • After the Closing, if the Parties determine that any Fleet Asset is held by the Company or a Non-Fleet Subsidiary, such Fleet Asset shall be transferred to a Fleet Subsidiary designated by Buyer without the payment of any additional consideration.

  • On or prior to the closing date of the E&I Segment Disposition, Agent shall release (i) the E&I Subsidiary from its Guaranty, and (ii) its Lien on the assets and Equity Interests of the E&I Subsidiary (but not, for the avoidance of doubt, on any other property, assets or Collateral (including any other Fleet Asset) of any Borrower or any other Credit Party), and Agent agrees, at Borrowers' expense, to execute and deliver such release documents reasonably requested by Borrowers to evidence such release.

  • However, during the period of this Agreement, PSBA intends to implement the following structure underpinned by a multi- layered technical training program for dual trade/ trade recognition and skills upgrade for employees within Fleet Asset Services.

  • The Administrative Agent may rely, in determining which Rental Fleet Assets are Eligible Rental Fleet Assets, on all statements and representations made by a Responsible Officer of the Borrower with respect to any Rental Fleet Asset or Rental Fleet Assets of a Loan Party.

Related to Fleet Asset

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Reference Asset means a reference asset of the relevant Index or Investment Strategy in respect of a Series of ETP Securities as specified in the Final Terms.

  • Fixed Asset means a tangible non-current asset, including buildings and equipment, acquired not for sale but for use for the Project during the Eligible Expenditure Period;

  • Portfolio Asset means an asset of an investment fund;

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.