Eligible Equipment. All of the Eligible Equipment is used or held for use in Loan Parties' business and is fit for such purposes. As to each item of Equipment that is identified from time to time by Administrative Borrower as Eligible Equipment, such equipment is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Equipment.
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Samples: Loan and Security Agreement (Iron Age Corp), Loan and Security Agreement (Numatics Inc)
Eligible Equipment. All of the Eligible Equipment is used or held for use in Loan Parties' business and is fit for such purposes. As to each item of Equipment that is identified from time to time by Administrative Borrower as Eligible Equipment, such equipment Equipment is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Equipment.
Appears in 2 contracts
Samples: Loan Agreement (Source Interlink Companies Inc), Loan Agreement (Source Interlink Companies Inc)
Eligible Equipment. All of the Eligible Equipment is used or held for use in the Loan Parties' business and is fit for such purposes. As to each item of Equipment that is identified from time to time by Administrative Borrower as Eligible Equipment, such equipment is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Equipment.
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Eligible Equipment. All of the Eligible Equipment is used or held for use in Loan Parties' Borrower's business and is fit for such purposes. As to each item of Equipment that is identified from time to time by Administrative Borrower as Eligible Equipment, such equipment Equipment is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Equipment.
Appears in 1 contract
Samples: Loan and Security Agreement (Nabi Biopharmaceuticals)
Eligible Equipment. All of the Eligible Equipment is used or held for use in the Loan Parties' business and is fit for such purposes. As to each item of Equipment that is identified from time to time by Administrative Borrower as Eligible Equipment, such equipment is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Equipment.
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