Examples of Eligible Revenue Equipment in a sentence
Agent alone shall be authorized to determine whether any Accounts or Revenue Equipment constitute Eligible Accounts or Eligible Revenue Equipment, whether to impose or release any reserve, and to exercise its Credit Judgment, if applicable, in connection therewith, which determinations and judgments, if exercised in good faith, shall exonerate Agent from liability to any Lender or other Person for any error in judgment.
Each of the Eligible Revenue Equipment, the Treadco Shares and the Eligible Receivables shall be subject to an Acceptable Security Interest in favor of the Agent for the benefit of the Banks until the Liens held by the Agent for the benefit of the Banks upon the Collateral have been released pursuant to Section 2.17(f).
Part A of Exhibit B lists all of the Equipment ------------------- which is Eligible Revenue Equipment and is covered by any certificate of title, except for Excluded Property.
As to each item of Revenue Equipment that is identified by any Borrower as Eligible Revenue Equipment in a Borrowing Base Certificate submitted to Agent, such Revenue Equipment is not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Revenue Equipment.
Until the Revenue Equipment Perfection Actions shall have been completed, such Revenue Equipment Collateral shall not be included as Eligible Revenue Equipment in any Borrowing Base Report.