Fleet Management Contracts definition
Fleet Management Contracts means those certain fleet management contracts in existence as of the Closing Date and otherwise entered into from time to time by Bird Rides, Inc. pursuant to which the Fleet Managers party thereto agree to maintain the Scooters in good working order, amongst other things. “Fleet Manager” means those individuals or entities party to a Fleet Management Contract. “Intellectual Property” shall mean, all intellectual property arising under the laws of the United States, including without limitation, Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, trade secrets and the right to sue or otherwise recover for any past, present and future infringement, dilution, misappropriation, or other violation thereof, including the right to receive all proceeds therefrom, including without limitation license fees, royalties, income, payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto. “Lease Material Adverse Effect” means, with respect to any party hereto and any occurrence, event or condition applicable to such party: (a) a material adverse effect on the ability of such party to perform its obligations under this Agreement, the Loan Agreement or any other Transaction Document; (b) a material adverse effect on the Lessor’s ownership interest in the Scooters or on the ability of the Lessor to ▇▇▇▇▇ ▇ ▇▇▇▇ on any after-acquired property that would constitute Collateral; (c) a material adverse effect on the validity or enforceability of this Agreement; or (d) a material adverse effect on the validity, perfection or priority of the lien of the Administrative Agent in the Collateral. “Leased Scooter Schedule” has the meaning specified in Section 2.1(c). “Lessee” has the meaning set forth in the introductory paragraph to this Agreement. “Lessee Account” has the meaning specified in Section 5.2.2. “Lessor” has the meaning set forth in the introductory paragraph to this Agreement. “Lien” means, when used with respect to any Person, any interest in any real or personal property, asset or other right held, owned or being purchased or acquired by such Person that secures payment or performance of any obligation, and shall include any mortgage, lien, pledge, encumbrance, charge, retained security title of a conditional vendor or lessor, or other security interest of any kind, whether arising under a security agreement, mortgage, lease, deed of trust, chattel mortgage, assignment, pledge, reten...
Fleet Management Contracts means those certain fleet management contracts in existence as of the Closing Date and otherwise entered into from time to time by Bird Rides, Inc. pursuant to which the Fleet Managers party thereto agree to maintain the Scooters in good working order, amongst other things.
Examples of Fleet Management Contracts in a sentence
The Lessee shall promptly pay and discharge all obligations under Fleet Management Contracts.
The Lessee shall monitor the performance of Fleet Managers and identify and rectify any breaches by Fleet Managers under Fleet Management Contracts, including terminating Fleet Management Contracts and recovering Scooters.
With respect to Scooters subject to Fleet Management Contracts, the Lessee shall ensure that all Fleet Managers are properly trained and onboarded with all relevant Fleet Manager-facing mobile applications.