Existing Vehicles Sample Clauses
The 'Existing Vehicles' clause defines the status and treatment of vehicles that are already owned or in use prior to the commencement of an agreement or transaction. Typically, this clause clarifies whether such vehicles are included in the scope of the agreement, how they are to be handled, and if any representations or warranties apply to them. For example, it may specify that only vehicles acquired after a certain date are covered, or that existing vehicles must meet certain conditions to be included. The core function of this clause is to prevent ambiguity regarding which vehicles are subject to the agreement, thereby reducing the risk of disputes over asset inclusion or obligations.
Existing Vehicles. The Operator shall ensure that the vehicles entering service on this route undergo refurbishment to the December 2010 Refurbishment Specification prior to entering service.
Existing Vehicles. The Operator shall ensure that the vehicles entering service on this route undergo refurbishment in line with the March 2014 specification. Route Risk Assessment - The Corporation acknowledges receipt of the Route Risk Assessment pertaining to route 629.