Demonstration Unit definition

Demonstration Unit means a motor vehicle chassis that satisfies both of the following requirements: (a) a Credit Party has added accessions (as such term is defined in the Code) to such motor vehicle chassis or such motor vehicle chassis has been fully or partially accessorized, improved, changed, converted, altered, modified or otherwise converted by a Credit Party, in each case since the delivery of such motor vehicle chassis, and the Indebtedness related to that chassis owed by any Credit Party to ALLY or any other lender providing financing for the acquisition of that chassis has not been paid in full by a Credit Party, and (b) such motor vehicle chassis and its accessions (as such term is defined in the Code) are not subject to a contract for the purchase between such Credit Party, as seller, and a bona fide purchaser for value, as buyer.

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Demonstration Unit means a single IGCC (or alternative technology) power train coupled with CCS that meets the “PRIMARY TECHNICAL GOALS AND FUNCTIONAL PERFORMANCE

Demonstration Unit will have the meaning set forth in Section 3.1(f) below.

Examples of Demonstration Unit in a sentence

• If a Demonstration Unit is returned in a damaged condition due to more then ordinary and reasonable use, the Sales Representative shall pay all necessary refurbishment costs to enable KTA to sell that Demonstrated Unit.

• This Note is secured by the Loan and Security Agreement executed simultaneously herewith pledging as collateral the Maker’s scaled-up proto-type Demonstration Unit constructed to (i) demonstrate the oil sands recovery technology utilized by the Borrower, including a non-thermal, mechanical and chemical closed-loop system to recover the bitumen or heavy oil from oil sands, on a large scale capable of being skid-mounted and (ii) confirm the commercial capabilities and applications of such (the “Collateral”).

• If a Demonstration Unit is returned in a damaged condition due to more than ordinary and reasonable use, the Sales Representative shall be responsible for and pay all necessary refurbishment costs to enable Specac to sell that Demonstration Unit.

• Within the same period Dealer will also purchase such additional Demonstration Units as may be necessary to provide reasonable access to a Demonstration Unit by Dealer's customers at all of Dealer's authorized sales locations.

• The Demonstration Unit are for demonstration purposes only and may not be resold by NSA until they have been held and used for a minimum of 6 months at which time it may be sold with approval of Cyber.

• Seller shall perform a Process Demonstration Unit Test in accordance with and subject to the provisions of Exhibit E.

• Volcano may request to renew the operation of any Demonstration Unit at an End-User site upon submitting a detailed request specifying the needs for such renewal to Paieon.

• Figure 1 is a simplified flow plan of the Hugoton Demonstration Unit which is a typical embodiment of a Mehra Gas Treating Unit for nitrogen rejection.

• In no event shall any Demonstration Unit stay installed at a potential End-User site for greater than four weeks.

• Imperial will provide all staff necessary to safely operate the MST Demonstration Unit and provide MST Technical Service necessary to reasonably demonstrate the successful application of Microwave Separation Technology for the MST Customer or potential MST Customer.

More Definitions of Demonstration Unit

Demonstration Unit means a motor vehicle chassis that satisfies both of the following requirements: (a) a Loan Party has added accessions (as such term is defined in the Code) to such motor vehicle chassis or such motor vehicle chassis has been fully or partially accessorized, improved, changed, converted, altered, modified or otherwise converted by a Loan Party, in each case since the delivery of such motor vehicle chassis, and (b) such motor vehicle chassis and its accessions (as such term is defined in the Code) are not subject to a contract for the purchase between such Loan Party, as seller, and a bona fide purchaser for value, as buyer.

Demonstration Unit means a Unit designated as a “Demonstration Unit” on the applicable Build Order, which Unit shall be fabricated by Manufacturer, at Manufacturer’s facilities, for the purpose of demonstrating efficacy or marketing.

Demonstration Unit means a motor vehicle chassis that satisfies both of the following requirements: (a) a Loan Party has added Accessions to such motor vehicle chassis or such motor vehicle chassis has been fully or partially accessorized, improved, changed, converted, altered, modified or otherwise converted by a Loan Party, in each case since the delivery of such motor vehicle chassis, and (b) such motor vehicle chassis and its Accessions are not subject to a contract for the purchase between such Loan Party, as seller, and a bona fide purchaser for value, as buyer.