Equipment Indebtedness. Note", "Outstanding", "Participating Subsidiary", "Permitted Indebtedness", "Person", "Pledged Property", "Series X Debentures", "Trustee" and "Vehicle".
Equipment Indebtedness means, with respect to any Person, (a) all ---------------------- Indebtedness of such Person minus (b) Indebtedness of such Person secured by a lien on all or any part of the real property (including improvements thereon) owned by such Person; provided, that Indebtedness of such Person described in clause (b) above shall be excluded only to the extent that the amount of such Indebtedness does not exceed the greater of the cost or appraised value of the real property and improvements securing such Indebtedness, at the time such Indebtedness was incurred.
Examples of Equipment Indebtedness in a sentence
At the same time, the effective measures need to be taken to ban illegally imported cement, tax-evaded cement and bad quality cement into Vietnam.
Such security agreement or security agreements may provide, at the option of the Borrower, that the security interest granted to the Security Trustee shall terminate upon the termination of all other claims, liens, security interests and other encumbrances for the benefit of such other holder or holders of Equipment Indebtedness.
The researcher also visited and interacted with the artisans who trained the CCT beneficiaries in their places.
The Company shall ------------------------------------------------- not permit Secured Equipment Indebtedness (including Lease Obligations) of the Company to exceed 15% of the Net Worth of the Company at the end of any fiscal quarter.
The Company will pay Executive an annual base salary in such amount as the board of directors may determine in its sole discretion; provided, however, in no event shall such salary be less than $380,000.
More Definitions of Equipment Indebtedness
Equipment Indebtedness means Indebtedness incurred with a specialized leasing company, lender and/or supplier, to finance the acquisition cost of supplies, equipment and other consumables used in the Business, including without limitation, capitalized lease obligations and purchase money security financing, as identified in Schedule 3.8(b).
Equipment Indebtedness means the Indebtedness of Company and its Subsidiaries owing to the Equipment Administrative Agent, the Equipment Collateral Agent and the Equipment Lenders under the Equipment Credit Agreement.
Equipment Indebtedness means Indebtedness incurred in respect of and secured by Rolling Stock. “ Equity Interests ” has the meaning set forth in the Recitals of this Agreement.
Equipment Indebtedness means the principal of (and premium, if any), unpaid interest on and amounts reimbursable, fees, expenses, costs of enforcement and other amounts due in connection with, (i) indebtedness of Company to banks, commercial finance lenders, insurance companies, leasing or equipment financing institutions or other lending institutions regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities), which is for the purchase of equipment and is secured solely by such equipment and proceeds thereof, or (ii) any indebtedness arising from the satisfaction of such Equipment Indebtedness by a guarantor. Without limiting the foregoing, "Equipment Indebtedness" expressly excludes Specified Senior Indebtedness.
Equipment Indebtedness means, without duplication and with respect to the Companies, all (a) indebtedness incurred, created or arising under any equipment lease, any vehicle lease, or any other similar equipment or vehicle financing arrangement in which a Company obtains the right to use any equipment or vehicles from a lessor or vendor, including obligations to pay rent or other amounts under any such lease of (or other arrangement conveying the right to use) any vehicles or equipment; (b) all indebtedness incurred to finance the acquisition of any equipment or vehicles by the Company, including obligations for the deferred purchase price of any equipment or vehicles acquired by a Company, and any other similar payment obligations incurred, created or arising under any conditional sales contract, any title retention agreement, or any capital lease of equipment or vehicles,
Equipment Indebtedness means the equipment financing loans and finance leases identified on Appendix D as in effect on the Closing Date and additional equipment financing loans and finance leases entered into by any Loan Party in the ordinary course of business after the Closing Date (including without limitation equipment financing with Mercedes-Benz Financial Services USA LLC disclosed in writing to Lenders prior to the effective date of the First Omnibus Amendment), as the same may be amended, modified, supplemented, replaced, renewed or refinanced from time to time in accordance with the terms of this Agreement and any Intercreditor Agreement.”
Equipment Indebtedness. Note", "Outstanding", "Participating Subsidiary", "Permitted Indebtedness", "Person", "Pledged Property", "Series __ Debentures", "Series __ Mandatory Sinking Fund", "Series __ Optional Sinking Fund", "Sinking Fund Obligation", "Sinking Fund Payment Date", "Trustee" and "Vehicle".