Define: Fleet Size

How is Fleet Size defined in a legal contract?

• Fleet Size means the complete quantity of diesel vehicles in a fleet that are owned or controlled by the same entity irrespective of their subgroupings within different substructures. Seen in 14 SEC filings
• Fleet Size means the count of diesel vehicles traveling on public highways, registered and having a Gross Vehicle Weight Rating (GVWR) exceeding [number] pounds, that are under a shared proprietorship or supervision. Seen in 7 SEC filings
• Fleet Size means the total number of active buses in a fleet as of December 31, 2017 that come under the requirements of this regulation and have a Gross Vehicle Weight Rating (GVWR) greater than [number] pounds. Seen in 3 SEC filings
• Fleet Size means the total number of vehicles owned and operated by the licensee as per our agreement. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of fleet size' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Fleet Size means total number of vehicles, irrespective of vehicle type, under common ownership or control.

Relevant Contract Types

• Fleet Management Contracts
• Vehicle Rental Agreements
• Lease Agreements
• Corporate Vehicle Use Agreement

Relevant Circumstances

• When an organization leases a group of cars, trucks or vans for their operations.
• When companies partake in operations requiring a fleet of vehicles for transportation and logistics.
• For rental vehicle services providing transport solutions for large groups or activities.
• For businesses using fleet vehicles for delivering goods or providing transportation services.

Relevant Sectors

• Logistics
• Transportation
• Food Delivery Services
• Automotive

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Genie Definition 2

• Fleet Size means total number of active vehicles, across all subclasses, with Gross Vehicle Weight Rating (GVWR) above [number].

Relevant Contract Types

• Vehicle Purchase Agreements
• Vehicle Manufacturing Contracts
• Heavy Equipment Lease Agreements

Relevant Circumstances

• When purchasing a group of heavy-duty vehicles for industrial or construction purposes.
• When engaging a manufacturer to produce a fleet of vehicles above a certain weight class.
• When leasing heavy-duty vehicles for large-scale operations or logistics.

Relevant Sectors

• Construction
• Transport
• Mining
• Manufacturing

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