Eligible M&E means, with respect to the Loan Parties, Equipment owned by a Loan Party; provided that no Equipment shall be Eligible M&E if:

Eligible M&E means first quality Equipment, used in the ordinary course of Borrowers’ business, owned by Borrowers as of the Closing Date and at all times thereafter, and that complies in all material respects with each of the representations and warranties respecting Eligible M&E made in the Loan Documents, and that is not excluded as ineligible by virtue of one or more of the excluding criteria set forth below. An item of Equipment shall not be included in Eligible M&E if:

Eligible M&E means M&E owned by a Borrower and located in the United States, which satisfies each of the following requirements:

Examples of Eligible M&E in a sentence

Eligible ME businesses and persons, once qualified, are eligible for these three services for up to three years, per 24 CFR 570.483(b)(2)(iv).
Option 1: Physician’s attestation on the Medically Eligible (ME) Packet of specific qualifying conditions.
Eligible ME Businesses All ME businesses assisted by selected applicants must be owned by low and moderate income individuals.
Eligible ME BusinessesAll ME businesses assisted by selected applicants must be owned by low and moderate income individuals.
Eligible M&E is exempt for the first qualifying tax year and the following four tax years as long as it continues to qualify as of January 1 of each year.

More Definitions of Eligible M&E

Eligible M&E means M&E of a Borrower, that complies with each of the representations and warranties respecting Eligible M&E made in the Loan Documents, and that is not excluded as ineligible by virtue of one or more of the excluding criteria set forth below; provided, that such criteria may be revised from time to time by Agent in Agent’s Permitted Discretion to address the results of any due diligence information with respect to the Borrowers’ business or assets of which Agent becomes aware after the Closing Date, including any field examination or appraisal performed or received by Agent from time to time after the Closing Date. An item of M&E shall not be included in Eligible M&E if:

Eligible M&E means M&E of a Borrower as of the Closing Date, that complies with each of the representations and warranties respecting Eligible M&E made in the Loan Documents, and that is not excluded as ineligible by virtue of one or more of the excluding criteria set forth below; provided, that such criteria may be revised from time to time by Agent in Agent’s Permitted Discretion to address the results of any due diligence information with respect to the Borrowers’ business or assets of which Agent becomes aware after the Closing Date, including any field examination or appraisal performed or received by Agent from time to time after the Closing Date. An item of M&E shall not be included in Eligible M&E if:

Eligible M&E means M&E of a Domestic Loan Party, that complies with each of the representations and warranties in respect of Eligible M&E made in the Loan Documents, and that is not excluded as ineligible by virtue of one or more of the excluding criteria set forth below; provided, that such criteria may be revised from time to time by the Administrative Agent in the Administrative Agent's Permitted Discretion to address the results of any due diligence information with respect to the Domestic Loan Parties' business or assets of which the Administrative Agent becomes aware after the Closing Date, including any appraisal performed or received by the Administrative Agent from time to time after the Closing Date. An item of M&E shall not be included in Eligible M&E if:

Eligible M&E means, at any time, all M&E of the Loan Parties; provided, that Eligible M&E shall not include any M&E (without duplication of any Reserves established):

Eligible M&E means, at any time, all M&E of the Loan Parties; provided, that Eligible M&E shall not include any M&E (without duplication ofany Reserves established):

Eligible M&E means M&E of a Borrower that is included in the Closing Appraisal (or, with respect to Eligible M&E acquired by a Borrower after the Effective Date, an Acceptable Appraisal of such M&E has been completed) that complies with each of the representations and warranties respecting Eligible M&E made in the Loan Documents, and that is not excluded as ineligible by virtue of one or more of the excluding criteria set forth below; provided that such criteria may be revised from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with at least three (3) Business Days’ prior notice to the Borrower Representative so long as any such revisions address the results of any due diligence information with respect to the Loan Parties’ business or assets of which the Administrative Agent becomes aware after the Effective Date, including any field examination or appraisal performed or received by the Administrative Agent from time to time after the Effective Date and any such revisions shall not duplicate any Reserve. An item of M&E shall not be included in Eligible M&E if:

Eligible M&E means machinery and Equipment that is