Equipment Debt definition

Equipment Debt means up to $500,000 in consolidated Indebtedness of Borrowers related to Borrowers’ equipment.
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Equipment Debt shall have the meaning set forth in Section 6.12.
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Equipment Debt means all Debt, the payment of which is secured by a Security Interest in or a lien against the Company’s equipment or motor vehicles but excludes any debt for borrowed money under that certain Revolving Credit Agreement dated May 15, 2003 by and between the Company and U.S. Bank N.A.
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Examples of Equipment Debt in a sentence

  • Schedule A accurately reflects the outstanding principal amount of and the payment dates, payment amounts, and maturity dates with respect to the Existing Equipment Debt.

  • Equipment Advances, including the Existing Equipment Debt, accrue interest on the outstanding principal balance thereof at a per annum rate equal to one-half percentage point (0.50%) above the Prime Rate.

  • Schedule A accurately reflects the outstanding principal amount, payment amounts, and maturity dates with respect to the Existing Equipment Debt.

  • For avoidance of doubt, taking an action permitted under the M&T Real Estate Debt and/or the M&T Equipment Debt which results in a required payment or prepayment, such as by way of example only, selling a parcel of real estate, shall not make such payment a voluntary prepayment.

  • The Existing Equipment Debt shall be taken into account in determining the maximum amount of Equipment Advances under Section 2.2(a).

  • The Equipment Debt Service Subaccount shall be used solely to pay the principal and interest and any premium for redemption of the Equipment Portion of the Bonds.

  • The Existing Equipment Debt shall, for all purposes hereof, be "Equipment Advances" hereunder and be governed by all the terms and conditions of this Agreement, except that the principal of said Existing Equipment Debt shall continue to be payable in accordance with the amortization schedule set forth on Schedule A.

  • The Equipment Debt Service Subaccount shall be used solely to pay the principal and interest and any premiums for redemption of the Equipment Portion of the Bonds.

  • There shall be maintained two separate subaccounts in the Debt Service Account to be designated the "Improvements Debt Service Subaccount" and the "Equipment Debt Service Subaccount".

  • Capital Lease – Energy Equipment Debt requirements are as follows: June 30, 2013$ 809.48Total Net Minimum Lease Payments809.48Less: Imputed Interest (8.20)Net Present Value of Capital Lease 801.28Less: Current Maturities (801.28)Long-Term Capital Lease Obligations$ - - 9.


More Definitions of Equipment Debt

Equipment Debt means Indebtedness of Seller in respect of certain Business Equipment as set forth on Schedule F attached hereto.
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Equipment Debt means that certain senior subordinated supplier debt in an original principal amount not to exceed $25.0 million in favor of one of the Company's suppliers or its designee.
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Equipment Debt has the meaning provided in Section 11.1 (b)(5). "Equivalent Availability Factor or EAF". Replace the first sentence of the last paragraph with the following: "For purposes of computing the Equivalent Availability Factor, the Equivalent Force Majeure Hours and the Equivalent Major Overhaul Hours will both be excluded from the Available Hours and the Period I-lours in the calculation."
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Equipment Debt means, as of December 20, 1997, the aggregate amount outstanding on all equipment notes and equipment leases, if any, and all accrued interest on such items.
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Equipment Debt means debt incurred or assumed by the Company to acquire (by lease, purchase or otherwise), and to be secured solely by, equipment, machinery, fixtures, motor vehicles and other personal property to be used in the operation of the Project.
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Related to Equipment Debt

  • Equipment is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Covered Equipment means, unless otherwise specified in a Schedule, Covered Property:

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Equipments and ‘Plants’ shall mean and include all sorts of machineries and accessories, apparatus, instruments, components manufactured articles and parts etc. to be supplied or provided by the contractor under the terms of the contract , unless otherwise specified