Equipment Collateral definition

Equipment Collateral means all equipment and machinery of the Borrower, whether now owned or hereafter acquired, together with all furniture, furnishings, improvements, equipment, tools and personal property of every kind of the Borrower, together with all accessories, parts, components, attachments, repairs, replacements, modifications, renewals, additions, improvements, upgrades and accessions of, to or upon such items of equipment and/or machinery.

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Equipment Collateral means all Equipment that relates to the Real Property and is used in the operation of the Real Property as commercial real estate.

Equipment Collateral has the meaning set forth in Section 7.1(a) of the Participation Agreement.

Examples of Equipment Collateral in a sentence

• To Agent, within five (5) Business Days after receipt thereof, copies of any and all default notices received under or with respect to any leased location or warehouse where Eligible Equipment Collateral is located.

• Upon the return of the Equipment to Company and the full and final payment by Customer of all amounts owing under this Agreement, Customer may request that Company discharge any and all registrations relating to the Equipment or the Equipment Collateral at Customer’s cost and expense.

• The Customer and Company acknowledge that Company may, at Customer’s expense, register its security interest in the Equipment Collateral under the laws in any jurisdiction necessary or desirable to perfect, make valid and opposable to third parties Company’s security interest in the Equipment Collateral, or in Québec, the Company may, at Customer’s expense, register a reservation of ownership of the Equipment.

• Borrower will pay all taxes and other charges against the Equipment Collateral, Borrower will not use the Equipment Collateral illegally or allow the Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.

• Borrower has the right to grant a security interest in the Equipment Collateral.

More Definitions of Equipment Collateral

Equipment Collateral means all equipment and fixtures of each Obligor, whether now owned or hereafter acquired, wherever located, including, without limitation, all machinery, furniture, furnishings, leasehold improvements, computer hardware, motor vehicles, forklifts, rolling stock, dies and tools used or useful in such Obligor's business operations.

Equipment Collateral means all equipment and fixtures of each Loan Party, whether now owned or hereafter acquired, wherever located, including, without limitation, all machinery, furniture, furnishings, leasehold improvements, computer equipment, books and records, motor vehicles, forklifts, rolling stock, dies and tools used or useful in each Loan Party's business operations.

Equipment Collateral is defined in Section 2.1 of the Borrower Security Agreement.

Equipment Collateral means (a) the equipment and other collateral pledged to Lender hereunder as described in Exhibit B hereto, (b) all substitutions for any of the foregoing property, and (c) all proceeds of any of the foregoing property.

Equipment Collateral means all equipment of Borrower, or in -------------------- which it has rights, whether now owned or hereafter acquired, located at, or used in connection with Borrower's operations at, each of the Collateral Locations at any time or from time to time on or subsequent to the Closing Date. As defined herein, "EQUIPMENT COLLATERAL" at each such location shall include, -------------------- without limitation, all machinery, fixtures, furniture, furnishings, leasehold improvements, rolling stock, motor vehicles, plant equipment, computers and other office equipment and office furniture, together with any and all attachments and accessions, substitutes and replacements, and tools, spare parts, and repair parts used or useful in connection therewith.

Equipment Collateral means all equipment and fixtures of Borrower, whether now owned or hereafter acquired, wherever located within the United States of America, including, without limitation, all machinery, furniture, furnishings, leasehold improvements, computer hardware, motor vehicles, forklifts, rolling stock, dies and tools used or useful in Borrower's business operations.

Equipment Collateral means the equipment and fixtures (excluding fixtures which constitute part of the Illinois Real Property) owned by the Borrowers as of the Closing Date and used in the Borrowers' respective businesses, including machinery, furniture, furnishings, leasehold improvements and computer equipment (but excluding motor vehicles), all of which the Bank has a perfected first priority security interest in and lien upon at the time of the Closing Date and thereafter during the term of the Loans.