Replacement Vehicle definition

Replacement Vehicle means a Leased Vehicle that is purchased by the Qualified Intermediary in exchange for a related Liquidated Vehicle, in accordance with and pursuant to § 1031 of the Internal Revenue Code, as amended, or any statute or regulation of similar effect.

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Replacement Vehicle means any vehicle provided by or on behalf of us to you in temporary replacement of the Vehicle to provide continuous mobility under this Agreement;

Replacement Vehicle means a vehicle purchased to replace a state vehicle that has met replacement cycle criteria.

Examples of Replacement Vehicle in a sentence

• Upon the purchase of any Replacement Vehicle by the Qualified Intermediary, the Servicer shall cause such Replacement Vehicle to be titled in accordance with Section 2.4 and allocated either (A) to a Designated Pool in accordance with Section 2.11(c)(iii) or (B) if no such allocation to a Designated Pool is required to fulfill the requirements of Section 2.11(c)(iii), to the Lending Facility Pool.

• The Vehicle or Replacement Vehicle may only be driven by Drivers and may only be used by or for the benefit of the Disabled Person.

• The Replacement Vehicle shall only be provided until the Vehicle is repaired.

• The Company shall never be obliged to provide a Replacement Vehicle or pay any equivalent sum.

• You must ensure that the Vehicle or Replacement Vehicle is not used for any unlawful or immoral purpose or in contravention of any legal requirement.

More Definitions of Replacement Vehicle

Replacement Vehicle means a vehicle to which a permit issued under section 10A for another vehicle has been transferred pursuant to rules made under section 10A(4)(ha);

Replacement Vehicle means the new on-road heavy-duty vehicle purchased by the Program Participant.

Replacement Vehicle means a motor vehicle which is of like kind and quality. A motor vehicle of like kind and quality shall be:

Replacement Vehicle means the cost of a replacement new vehicle of the same make, model and derivative as your vehicle (including all factory fitted accessories, delivery for a new vehicle and up to a maximum of £1,500 for dealer fitted accessories) after any discount given including any government grants finance deposit allowances and/or dealer contributions. The replacement vehicle cost does NOT include the cost of road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, service plans insurance premiums (including this premium), warranty premiums, any arrears or any finance carried over from a previous finance agreement. If your vehicle model is no longer available, then the price of the nearest equivalent vehicle will be used. We will decide on what the nearest equivalent vehicle will be.

Replacement Vehicle means an Eligible Vehicle (i) which is owned by NFLP or National, (ii) with respect to which the Master Collateral Agent is noted as the first lienholder on the Certificate of Title therefor, (iii) which is subject to no Liens other than the Lien of the Master Collateral Agent and (iv) which (a) has been acquired pursuant to an Exchange Agreement as a Replacement Vehicle for a Designated Vehicle or Designated Vehicles (b)

Replacement Vehicle has the meaning specified in the Master Exchange Agreement.

Replacement Vehicle means a motor vehicle which is of like kind and quality. A motor vehicle of like kind and quality shall be: (i) manufactured by the same manufacturer; (ii) be the same or newer model year; (iii) have a similar body style; (iv) have similar options and mileage; and (v) be in as good or better overall condition as the motor vehicle deemed to be a total loss.