Scooter definition

Scooter means a device weighing less than 100 pounds that has handlebars and an electric motor, is powered solely by the electric motor and human power, and has a maximum speed of not more than 20 miles per hour on a paved level surface when powered solely by the electric motor.

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Scooter has the meaning set forth in the Preliminary Statements. “Scooter IP” has the meaning set forth in the Scooter Lease. “Scooter Lease” means the Master Scooter Operating Lease and Servicing Agreement dated as of April 27, 2021 among the Borrower as Lessor and Parent as Lessee and Servicer, as amended by (i) that certain Amendment No. 1 to Master Scooter Lease, dated as of October 12, 2021, (ii) that certain Amendment No. 2 to Master Scooter Lease, dated as of ▇▇▇▇▇ ▇, ▇▇▇▇, (▇▇▇) that certain Amendment No. 3 to Master Scooter Lease, dated as of October 7, 2022, and (iv) that certain Amendment No. 4 to Master Scooter lease, dated as of the Amendment No. 8 Effective Date. “Secured Parties” means each Lender, each Borrower Indemnified Party and each Affected Person. “Securities Act” means the Securities Act of 1933, as amended or otherwise modified from time to time. “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). “Solvent” means, with respect to any Person and as of any particular date, (a) the present fair market value of the assets of such Person is not less than the total liabilities of such Person, (b) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and commitments as they mature and become due in the normal course of business, (c) such Person is not incurring debts or liabilities beyond its ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in any business or transaction, and is not about to engage in any business or

Scooter means a long footboard between two small end wheels, controlled by an upright steering handle attached to the front wheel.

Examples of Scooter in a sentence

Users are required to take a photo whenever they park their Scooter at the end of a ride.
In addition to the yearly administration fee, Company will submit to City on a monthly basis, .15 cents per ride per Scooter per day.
At all times, the Borrower will (i) to the extent required to comply with Section 8.01(v), maintain, or cause to be maintained by the Parent pursuant to the Scooter Lease, the Scooters in good repair and working order (reasonable wear and tear excepted), and (ii) cause such Scooters to be operated by the Parent pursuant to and in accordance with the terms of the Scooter Lease.
City may require Company to reduce its fleet size on a monthly basis in the event Company’s fleet provides on average less than one-half ride per Scooter per day.
Without the prior written consent of the Administrative Agent and the Lenders, the Credit Parties will not (and will not permit the Parent to) (x) amend, modify, waive, revoke or terminate any Transaction Document or any provision of their organizational documents, or (y) exercise any remedies in respect of the Transaction Documents or give any direction to the Lessee under the Scooter Lease.

More Definitions of Scooter

Scooter. ' or “device” means a low-speed electric mobility device, as that term is defined in Section 9- 4- 010 of the Code.

Scooter means a two-wheeled device with handlebars and a floorboard designed to be stood upon while riding.

Scooter means a self-propelled vehicle that has at least two wheels in contact with the ground, an electric motor, handlebars, a brake and a deck that is designed to be stood upon by the user when riding.

Scooter means every device with a platform having two or more of wheels beneath it and a balancing handpost or steering device, which the rider balances on top of, and which is propelled solely by human power.

Scooter means a motorized foot scooter as defined in Minnesota Statute 169.011 Subd. 46.

Scooter means a motorized vehicle that has a step-through frame, and a platform or integrated footrests.

Scooter means a footboard mounted upon two or more wheels, controlled by an upright steering handle, and is most often propelled by the user usually in an upright position or kneeling.