Rental Business definition
Examples of Rental Business in a sentence
Former employees of the HERC Holdings Group as of the time of the Distribution shall be deemed to include all former employees who (i) are listed on Schedule 3.02(b), and (ii) to the extent not listed on either Schedule 3.02(b) or Schedule 3.02(c), had employment duties primarily related to the Equipment Rental Business as of their last day of employment with New Hertz Holdings, HERC Holdings or their respective Affiliates, as applicable (collectively, the “Former HERC Holdings Employees”).
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Concessionaire shall, at Concessionaire's sole expense and with counsel reasonably acceptable to Landlord, indemnify, defend, and hold harmless Landlord and Landlord's employees, partners, affiliates, and agents with respect to all losses arising out of or resulting from the release of any Hazardous Material in or about the Water Taxi or Rental Business operations or the violation of any Environmental Law, by Concessionaire or its representatives.
There shall be no conditions existing or threatened with respect to the Company, any Subsidiary, the Business, the Rental Business or Wiper Business or the Assets that might be expected to have a material adverse effect on any of them.
HGH has approved plans to separate the Vehicle Rental Business and the Equipment Rental Business into two independent, publicly traded companies (the “Separation”) pursuant to, among other agreements, the Separation and Distribution Agreement by and between Hertz Rental Car Holding Company, Inc.
The Operating Company undertakes to place the Owner’s Villa and the Owner’s Parking Bay in the Rental Business and to endeavor to use the Owner’s Villa as often as possible in the conduct of the Hotel Business during the term of this Agreement accordingly.
The term "Local Light Commercial Rental Business" shall mean Light Commercial Rental Business where the Light Duty Truck is picked up and dropped off at the same rental office or another rental office within 35 miles.
The term "Accessories" shall mean hand trucks, moving ----------- dollies, furniture pads and similar accessory items owned by Licensee and used for the Rental Business.
The Default Escrow Agreements and the Agreement to Hypothecate Cum Deed of Hypothecation are collectively referred to as the “Collateral Arrangement”.
The Owner shall, upon request, be entitled to receive a certificate from the auditors confirming the Owner's Share of the Rental Business Income for each such period.