Crated Equipment definition
Examples of Crated Equipment in a sentence
All (a) furniture, equipment, machinery, vehicles, computer hardware and other fixed assets owned by Seller as of the Closing Date and (i) located at the Dedicated Locations, (ii) located at a Shared Location and listed on Exhibit 2.3(a), or (iii) located with a co-packer and listed on Exhibit 2.3(b); (b) Crated Equipment that has not been sold as of Closing, and (c) R&D Equipment (collectively, the “Fixed Assets”).
At Closing, Buyer shall (i) pay to Seller or an affiliate Seller as Seller’s designee, an amount in cash equal to the Base Amount, less the Deposit, less an amount equal to any Crated Equipment Proceeds, plus (or minus) the amount by which the Estimated Working Capital Amount is greater than (or less than) Two Hundred Million Dollars ($200,000,000) (the “Closing Payment”), (ii) deliver to Seller certificate(s) representing the Buyer Common Stock, and (iii) assume the Assumed Liabilities.
At Closing, Buyer shall (i) pay to Seller or an affiliate of Seller as Seller’s designee, an amount in cash equal to the Base Amount, less the Deposit, less an amount equal to any Crated Equipment Proceeds, plus (or minus) the amount by which the Estimated Working Capital Amount is greater than (or less than) Two Hundred Twelve Million Five Hundred Thousand Dollars ($212,500,000) (the “Closing Payment”), and (ii) assume the Assumed Liabilities.
Loading consists of placing the Crated Equipment onto a Buyer’s carrier’s trucks or other vehicles of transportation.