Vehicle conversion definition

Vehicle conversion means a modification of a gasoline or diesel fueled vehicle, not certified to a low-emission vehicle standard, to a vehicle which uses a designated clean fuel and which is capable of meeting low-emission vehicle exhaust emissions standards as demonstrated either by installation of an ARB-approved conversion system that achieves such low-emission standards or by individual vehicle testing.
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Vehicle conversion. Means the provision or conversion of a vehicle for the installation of internal racking and/or other associated vehicle equipment (both internal and external to a vehicle) including the supply of electric vehicle charging points to be Purchased by the Customer and installed by the Supplier. “Working Day” means a day (other than a Saturday or Sunday) on which banks are open for business in the City of London.
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Vehicle conversion means a modification of a gasoline or diesel fueled vehicle, not certified to a low-emission vehicle standard, to a vehicle which uses a designated clean fuel and which is capable of
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Examples of Vehicle conversion in a sentence

  • OEM Approved Converter: Vehicle conversion manufacturer must be an approved converter by the OEM vehicle manufacturer, and certified by the OEM manufacturer as an approved converter.

  • The new Emergency Medical Vehicle conversion shall be delivered F.O.B. North Royalton, Ohio and shall be completed within approximately 735-760 days after receipt of contract and chassis at ▇▇▇▇▇▇ Emergency Vehicles Company, barring any delays due to strikes, chassis availability or availability of component parts or Acts of God.

Related to Vehicle conversion

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

  • Certificate of Conversion means the Certificate of Conversion to Limited Liability Company of the Corporation to the Company as filed in the office of the Secretary of State of the State of Delaware pursuant to the Delaware Act.

  • Date of Conversion Conversion Price:_______________________________________________________________