Chassis Financing definition

Chassis Financing shall have the meaning ascribed to such term in paragraph (e) of the definition of Permitted Encumbrances.
View Source
Chassis Financing means financing provided by the dealers and/or manufacturers of chassis to finance the acquisition thereof by Borrower, which financing is on customary trade terms in the ordinary course of business and consistent with past practices.
View Source
Chassis Financing shall have the meaning ascribed to such term in paragraph (e) of the definition of Permitted Encumbrances. “Closing Date” means the date set out in the first paragraph of this Loan Agreement. “Consolidated Companies” or “Consolidated Company” means ▇▇▇▇▇▇ Industries, Inc. and each of its Subsidiaries. “EBITDA” means for the applicable period, the sum, without duplication, of (a) Net Income Before Taxes of the Consolidated Companies on a consolidated basis for such period and (b) to the extent deducted in determining such Net Income Before Taxes on a consolidated basis: (A) Interest Expenses of the Consolidated Companies on a consolidated basis for such period; (B) depreciation and amortization expenses of the Consolidated Companies on a consolidated basis for such period; and (C) other non-cash charges of the Consolidated Companies on a consolidated basis for such period. “Environmental Laws” means all local, state or federal laws, rules or regulations pertaining to environmental regulation, contamination or cleanup, including, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Resource Conservation and Recovery Act of 1976 or any state lien or superlien or environmental cleanup statutes. “Event of Default” has the meaning assigned to that phrase in Section 8. “FLSA” means the Fair Labor Standards Act of 1938, as amended.
View Source

Examples of Chassis Financing in a sentence

  • The Total Amount Financed (as defined in the applicable Chassis Financing Security Agreement) outstanding from time to time with respect to the Prior Loans shall be part of the Maximum Loan Amount and shall be included in the calculation of the Maximum Loan Amount outstanding from time to time.

  • As of the First Amendment Date, (a) Part A of Schedule 5.13 sets forth all liens and security interests which secure the Permitted Borrowings, and (b) Part B of Schedule 5.13 sets forth all liens and security interests which secure Chassis Financing.

  • The terms and conditions of this Agreement shall apply to all loans previously made by Lender to Borrower pursuant to all outstanding Chassis Financing Security Agreements executed by Borrower and Lender (“Prior Loans”) providing for the financing of the property described therein.