Equipment Contract definition
Examples of Equipment Contract in a sentence
This Note is duly authorized by the Issuer pursuant to the Indenture, and is designated as its Equipment Contract Backed Notes, Series 2011-1 (herein called the “Notes”) issued and to be issued under the Indenture, dated as of January 6, 2011 (as amended, modified, or supplemented from time to time, the “Indenture”), between the Issuer and U.S. Bank National Association, as Trustee and Custodian.
The borrower must use RUS Form 786, Electric System Com- munication and Control Equipment Contract.
The Buyer further grants to the Seller a security interest in Buyer's Equipment, Contract Rights, Inventories, Receivables and Proceeds of Sales Collateral to secure the Buyer's Performance of all obligations.
The Awardee may use RUS Form 390, Software License Agreement—Special Equipment Contract, or a Non- Standard Contract.
Auxiliary loads for major Owner Equipment will be individually measured for determining satisfaction of Owner Equipment Contract guarantees.