Equipment Credit Sample Clauses

Equipment Credit. The Bank shall, from time to time, prior to May 31, 2002 (the "Conversion Date"), make equipment loans to the Borrower ("Equipment Credit") in an aggregate amount not to exceed Four Million ($4,000,000.00) Dollars, with the Equipment Credit evidenced by a Master Equipment Promissory Note. Each advance under the Equipment Credit shall reduce the availability under the Master Equipment Promissory Note. Not later than the Conversion Date (or earlier, for all or any portion of outstanding advances, at the Borrower's election), the remaining outstanding balance of the Master Equipment Promissory Note shall termed out for a period of not more than Sixty (60) months, said term to be selected by the Borrower. Advances which are termed out shall be evidenced by a separate commercial promissory note (each an "Equipment Installment Note" and collectively the "Equipment Installment Notes") in a form substantially identical to Exhibit A-1. Amounts borrowed prior to the Conversion Date which have not been termed out prior to the Conversion Date and which have been repaid prior to the Conversion Date shall be available for reborrowing up to the Conversion Date, but not thereafter. The Borrower shall be entitled to borrow up to 80% percent of the retail invoice cost of new equipment purchased with the Loans pursuant to the Equipment Credit, with the Bank to have a first lien on all such equipment.
AutoNDA by SimpleDocs
Equipment Credit. 23 2.4 Use of Loan Proceeds..................................................... 25 2.5 No Limitations as to Collateral, Etc..................................... 26 2.6
Equipment Credit. (a) Lender hereby establishes the Equipment Credit pursuant to which, subject to fulfillment to Lender's satisfaction on or before the Closing Date of all conditions precedent set forth in Sections 8.1 and 8.2 and subject as to each Equipment Loan to the fulfillment to Lender's satisfaction of the additional conditions precedent set forth in clause (b) below, and subject to all other terms and conditions of this Agreement and the Related Agreements, and in reliance upon the representations and warranties of the Loan Parties and each other Obligor set forth herein and in the Related Agreements, during the period commencing on the Closing Date and ending on the Equipment Credit Termination Date, Lender agrees to make such loans (individually an "Equipment Loan" and collectively the "Equipment Loans") to either Borrower from time to time as Holdings, on behalf of such Borrower, may from time to time request to finance the purchase of Equipment by such Borrower, provided that (i) the amount of each Equipment Loan shall not exceed seventy-five percent (75%) of the invoiced purchase price (net of taxes, freight, installation charges and other "soft" costs) of the Equipment being purchased with the proceeds thereof and (ii) the aggregate amount of Equipment Loans obtained by Borrowers hereunder shall not exceed Three Million Eight Hundred Thousand Dollars ($3,800,000).
Equipment Credit 

Related to Equipment Credit

  • Equipment Advances Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% above the Prime Rate.

  • Equipment Return You may use the Leased Equipment provided under this plan only while you remain an active customer in good standing and in compliance with this Agreement (including, without limitation, the RCA). You must return all Leased Equipment in good operating condition, normal wear and tear excepted, within 30 days following cancellation or disconnection of your DISH service or disconnection of your Leased Equipment. If you acquired your Leased Equipment from a retailer, then you must return all Leased Equipment to: (A) your original retailer, if such cancellation or disconnection of your DISH service or disconnection of your Leased Equipment occurs during the first 30 days following your initial activation of programming; or (B) DISH, if such cancellation or disconnection of your DISH service or disconnection of your Leased Equipment occurs after such 30-day period. You are responsible for and shall bear all costs, expenses and risk of returning your Leased Equipment, including, without limitation, risk of loss during shipment. You are not responsible under the terms and conditions of this Agreement for the return of equipment other than your Leased Equipment. Following cancellation or disconnection of your DISH service or disconnection of your Leased Equipment (unless you acquired your Leased Equipment from a retailer and the cancellation or disconnection of your DISH service or disconnection of your Leased Equipment occurs during the first 30 days following your initial activation of programming and you returned Leased Equipment to such retailer within 30 days following cancellation or disconnection of your DISH service or disconnection of your Leased Equipment), DISH will send you one or more return labels or empty boxes (depending on your Leased Equipment) to be used by you in returning your Leased Equipment and DISH will charge you up to $20.00 for each such return label or empty box (“Equipment Return TV Fee”). The Equipment Return TV Fee is subject to change at any time. Unless you are a resident of a Remote Area of Alaska, you also have the option of contacting DISH by calling 000-000-XXXX (000-000-0000) to request that DISH or our designee(s) perform an in-home service call to remove your Leased Equipment at DISH’s then-current in-home service call rate, which rate is subject to change at any time. Leased Equipment will not be deemed returned until received by DISH. DISH Protect ===> Signature: DISH Protect is an optional service program currently priced as set forth in the table below. DISH Protect is offered in two (2) plans: Dish Protect and Plus. The services offered in each plan can be viewed at xxxxxx.xxx/xxxxxxxxxxx. If you enroll in a DISH Protect plan, you will receive an initial six (6) month trial offer of DISH Protect if you are eligible and if such plans are otherwise available to you at the time you sign this Agreement. During the trial offer period, you will be charged the monthly Trial Offer Price set forth below. By signing above, you are accepting the terms of this trial offer and understand that you may cancel or change your DISH Protect plan at any time by calling 000- 000-XXXX (3474) or by emailing xxxxxxxxxxxxxxxxxxxxxxxx@xxxx.xxx. You also agree that if you do not cancel your DISH Protect plan during the initial six (6) month trial offer period, DISH will automatically begin billing you the then-current monthly Regular Price of your DISH Protect plan upon the expiration of the six (6) month trial offer period until you cancel your DISH Protect plan. Not all DISH Protect plans are available to all customers. DISH Protect is not available to residents of Remote Areas of Alaska and/or residents of some Shared Dish MDU Properties. If you reside in a Shared Dish MDU Property and you are not sure if you qualify for DISH Protect, then please call 000-000-0000 to determine if you qualify. Plan Regular Price/month Trial Offer Price/month DISH Protect $10.99 $0.00 DISH Protect Plus $10.99 $0.00

  • Equipment and Supplies Independent Contractor, at Independent Contractor's sole expense, shall provide all equipment, tools and supplies necessary to perform the Service.

  • Equipment Cleaning (a) Areas, known by Forest Service prior to timber sale advertisement, that are infested with invasive species of concern are shown on Sale Area Map. A current list of invasive species of concern and a map showing the extent of known infestations is available at the Forest Supervisor’s Office. For purposes of this provision, “Off-Road Equipment” includes all logging and construction machinery, except for log trucks, chip vans, service vehicles, water trucks, pickup trucks, cars, and similar vehicles.

  • Equipment Rental Copies of rental agreements for the equipment used, including the rental rate; and the number of hours the equipment was used on the project.

  • Equipment Use Lessee agrees that the Equipment will be operated by competent, qualified personnel in connection with Lessee's business for the purpose for which the Equipment was designed and in accordance with applicable operating instructions, laws, and government regulations, and that Lessee shall use all reasonable precautions to prevent loss or damage to the Equipment from fire and other hazards. Lessee shall procure and maintain in effect all orders, licenses, certificates, permits, approvals, and consents required by federal, state, or local laws or by any governmental body, agency, or authority in connection with the delivery, installation, use, and operation of the Equipment.

  • Life support equipment (a) If a person living at your premises requires life support equipment, you must register the premises with your retailer or with us. To register, you will need to give written confirmation from a registered medical practitioner of the requirement for life support equipment at the premises.

  • Equipment and Software To use the Mobile Remote Deposit Services, you must obtain and maintain at your expense, compatible equipment and software that we may specify from time to time.

  • Equipment Procurement If responsibility for construction of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades is to be borne by the Connecting Transmission Owner, then the Connecting Transmission Owner shall commence design of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades and procure necessary equipment as soon as practicable after all of the following conditions are satisfied, unless the Developer and Connecting Transmission Owner otherwise agree in writing:

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

Time is Money Join Law Insider Premium to draft better contracts faster.