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.

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

• A Replacement Vehicle policy meets the demands and needs of a customer who requires a replacement vehicle should their vehicle immobilised due to fire, an accident that leaves it a write-off, vandalism or if it is stolen.

• Any claim where You have the option to receive a Replacement Vehicle under the terms of Your Motor Insurance Policy (new for old) in respect of the Total Loss of Your Vehicle.

• The supply of a Replacement Vehicle to any person who does not meet the Hire Firm’s standard terms and conditions of hire in force at the date of the Insured Incident;3.

• The lessor shall deliver an equivalent Replacement Vehicle for the remainder of the lease term commencing on the day following the day of occurrence of the Total Loss.

• The supply of a Replacement Vehicle where the loss of the Insured Vehicle arises out of any deliberate or criminal act or omission other than vehicle theft or vandalism;7.

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 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 has the meaning specified in the Master Exchange Agreement.

Replacement Vehicle means the value of a Replacement Vehicle matching the original Vehicle specification or an equivalent superseding model in the event this is no longer available. Where the original Vehicle was purchased as a Used Vehicle, the cost of the Replacement Vehicle will be based on a similar age and mileage of the original Vehicle when it was purchased by You, limited to a maximum of the Glass’s Guide Retail valuation at the Point of Total Loss. The cost of the Replacement Vehicle will include all manufacturer options, up to £1,500 of dealer fitted accessories, the unexpired portion of any non transferable warranty charges or insurance premiums, paint protection applications and road fund licence that were supplied with the original vehicle, applicable first registration fees and delivery charges, plus any discounts available. This insurance will not cover the cost of any manufacturer options or dealer fitted accessories that exceed the specification of the original insured vehicle. Fuel is not covered by this insurance.

Replacement Vehicle means, with respect to a Group, an Eligible Vehicle designated by the Master Servicer as comprising the Collateral for such Group acquired in exchange for an Exchanged Vehicle from such Group in accordance with the terms of the Exchange Agreement and under Section 1031 of the Code and the regulations promulgated thereunder.

Replacement Vehicle means the vehicle which you have bought to replace your vehicle which you have sold.