Equipment definition
Examples of Equipment in a sentence
As to each item of Rolling Stock that is identified by Administrative Borrower as Eligible Non-Rental Rolling Stock in a Borrowing Base Certificate submitted to Agent, at the time of inclusion in such Borrowing Base Certificate, such Rolling Stock is not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Non-Rental Rolling Stock Equipment.
The Seller and Buyer acknowledge and agree that the Equipment purchased on the date hereof may be rented to customers of Equipment Manager and it would be impractical for Buyer to perform an inspection with respect to any such Equipment.
Capitalized terms used but not defined in this Agreement shall have the respective meanings assigned to them in the Indenture (as defined below) or if not defined therein, shall have the respective meanings assigned to them in the Equipment Management Agreement, which defined terms shall be deemed incorporated by reference and shall apply irrespective of the termination of the Indenture.
Conveyance of Equipment and related Sold Assets will be evidenced by the Bill of Sale and title will pass to Buyer upon execution and delivery of the Bill of Sale to Buyer and receipt by Seller of the agreed upon Purchase Price in immediately available U.S. funds.
To ▇▇▇▇▇’s knowledge, there are no claims, litigation, proceedings, or investigations pending or threatened against Buyer that, in each case, is reasonably likely to result in any material adverse effect on Buyer’s its ability to perform its obligations under this Agreement or a Material Adverse Effect on the Equipment or the Sold Assets.