Equipment definition
Examples of Equipment in a sentence
Each Grantor jointly and severally agrees to pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Equipment and Inventory, except to the extent otherwise provided in the Note.
APLD DevCo LLC, a Delaware limited liability company (the “Company”), has executed and delivered to Macquarie Equipment Capital, Inc.
Each Obligor shall keep materially accurate and complete records of its Equipment, including kind, quality, quantity, cost, acquisitions and dispositions thereof, and shall submit to Administrative Agent, on such periodic basis as Administrative Agent may reasonably request, a current schedule thereof, in form reasonably satisfactory to Administrative Agent.
Each Obligor shall ensure that such Equipment is mechanically and structurally sound, and capable of performing the functions for which it was designed, in accordance with manufacturer specifications, except for any failure to do so that could not reasonably be expected to result in a Material Adverse Effect.
Promptly upon request, Obligors shall deliver to Administrative Agent evidence of their ownership or interests in any Equipment.