ABL Equipment definition

ABL Equipment means, collectively, all of that Equipment listed on Schedule 1.2(b) to this Agreement (which such Schedule 1.2(b) shall indicate, as to each such item of Equipment, whether such item of Equipment is “titled collateral” governed by a certificate of title statute in any applicable jurisdiction), together with all ABL Equipment Spare Parts and all accessions (as defined in the Uniform Commercial Code) thereto; provided that, to the extent the Schedule 1.2(b) added to the Note Purchase Agreement pursuant to the Second Amendment on the Second Amendment Effective Date indicates that the VIN# for any particular item of ABL Equipment is “TBD” or “To Be Determined”, promptly following the determination of all such VIN#’s for all such items, the Note Parties shall deliver written notice to Agent and to the Revolving Agent (as defined in the Intercreditor Agreement) providing an updated copy of such Schedule 1.2(b) with such VIN#’s (and any other “TBD” information) completed, which shall constitute an update and amendment to such Schedule 1.2(b) for all purposes hereunder and under the Intercreditor Agreement.
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ABL Equipment means all equipment of the Grantors described in reasonable detail on Exhibit A (which will be updated automatically when an updated Exhibit A is sent by the ABL Agent to the Term Loan Agent) hereto, the purchase of which was financed at least 80% from the proceeds of the term loan included in ABL Debt.
Sample 1
ABL Equipment means (a) all equipment of the Grantors described in reasonable detail on Exhibit A (which will be updated automatically when an updated Exhibit A is sent by the ABL Agent to the Term Loan Agent) hereto, the purchase of which was financed at least 80% from the proceeds of the term loan included in ABL Debt and (b) all equipment of the Grantors that is (x) acquired in connection with the acquisition by any Loan Party of all or substantially all of the assets of Waste Disposal Solutions of North Carolina, Inc. (the "WDS Acquisition") and (y) described in reasonable detail on an updated Exhibit A sent by the ABL Agent to the Term Loan Agent prior to consummation of the WDS Acquisition.
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Examples of ABL Equipment in a sentence

  • Term Loan Agent will permit the ABL Agent to make copies of any Books and take possession of all documents of title for ABL Equipment necessary in connection with the sale of any ABL Priority Collateral.


More Definitions of ABL Equipment

ABL Equipment means, collectively, all of the Equipment listed on Exhibit 1.2(b) to the Agreement (which such Exhibit 1.2(b) shall indicate, as to each such item of Equipment, whether such item of Equipment is “titled collateral” governed by a certificate of title statute in any applicable jurisdiction), together with all ABL Equipment Spare Parts and all accessions (as defined in the Uniform Commercial Code) thereto.
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Related to ABL Equipment

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Covered Equipment means, unless otherwise specified in a Schedule, Covered Property:

  • Material Equipment means such equipment, which, acting in accordance with a Reasonable and Prudent Standard, the Generator could reasonably be expected to have ordered and/or concluded a supply agreement in respect of in accordance with the Target Commissioning Date, and in any event, such equipment shall include the electricity generating engines.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.