AUTOMOBILES OPERATED UNDER CONTRACT DEFINED Sample Clauses

The "Automobiles Operated Under Contract Defined" clause establishes what is meant by vehicles that are used under a contractual arrangement within the context of the agreement. Typically, this clause clarifies which automobiles are considered to be operating under a contract, such as those leased, rented, or otherwise provided for use through a formal agreement rather than owned outright by the user. By clearly defining this category, the clause ensures that all parties understand which vehicles are subject to specific terms, obligations, or coverage, thereby preventing disputes and ensuring proper application of the contract's provisions.
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AUTOMOBILES OPERATED UNDER CONTRACT DEFINED. The term “
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AUTOMOBILES OPERATED UNDER CONTRACT DEFINED. The term “Automobile Operated under Contract” as used in this policy shall mean automobiles operated in the business of the Insured stated in Item 3 of the application where the complete supervision, direction and control of such automobiles remain with the owner thereof, but shall not include any automobile owned in whole or in part by or licensed in the name of the Insured or any partner, officer or employee of the Insured.
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