Non-Asset Based definition
Non-Asset Based means the provision of transportation services by someone not acting as a motor carrier or using its van line agents that are part of Seller’s transportation network.
Examples of Non-Asset Based in a sentence
Customer, including a Non-Asset Based Customer, agrees and represents to PayCargo LLC that (i) only Valid Invoices will be submitted in connection with the PayCargo Services, and (ii) any and all PayCargo Credit extended by PayCargo LLC to a Payer shall be applied in its entirety and exclusively to payment of Valid Invoices of Billers.
Once the Asset Based Terms are effective, the Borrower may not transfer back to the Non-Asset Based Terms, except with the written agreement of Silicon, which shall be a matter of its good faith business judgment.
Non-Asset Based Sources Tuition Rewards points generated by a Sponsor’s participation in a non-asset based program are typically accumulated on an annual basis.