Equipment definition
Examples of Equipment in a sentence
Cause or permit (or allow any other Loan Party to cause or permit) any Loan Party to enter into an agreement for the transportation of the Equipment without the prior written consent of Administrative Agent and the Lenders.
The making of any Borrowing hereunder shall not be deemed an approval or acceptance by Administrative Agent or the Lenders of any Equipment furnished or supplied under the Equipment Supply Agreements.
Borrower has requested that the Lenders extend, and the Lenders have agreed to extend, on the terms and conditions set forth in this Agreement, a senior secured term loan facility in an aggregate principal amount not exceeding $165,000,000.00 for the purposes of paying Equipment Acquisition Costs and Financing Costs (defined herein), including interest payments due to be made hereunder by Borrower to Lenders on the Loans, and fees, expenses and transaction costs related thereto.
Notwithstanding anything to the contrary herein, if in connection with the construction of the Tenant Improvements or any Alterations Tenant removes any equipment from the Premises that is located in the Premises as of the date of this Lease (the “Existing Equipment”), any sale proceeds from the disposition of such Existing Equipment shall belong to Landlord and shall be immediately remitted to Landlord.
Cause or permit (or allow any other Loan Party to cause or permit) any Equipment that is Collateral owned by a Loan Party to be stored at any location that is not owned or leased by a Loan Party, unless, in each case, such location is subject to a Collateral Access Agreement or a Consent.