Equipment Loans definition

Equipment Loans shall have the meaning set forth in Section 2.4(b) hereof.

Equipment Loans means those certain senior unsecured equipment loans owing by Cadmus Journal Services, Inc. (and Guaranteed by the Borrower, as successor to Cadmus Communications Corporation) and set forth on Schedule 7.02 in an aggregate amount not to exceed $1,300,000.

Equipment Loans has the meaning set forth in Section 2.3.

Examples of Equipment Loans in a sentence

• The Equipment Loans Department introduced a new paperless system for bookings and enquiries.

• Except as set forth in Section 2.3(b), the outstanding principal amount of the Equipments Loans and the Existing Equipment Loans shall bear interest, on the average daily balance thereof, at a per annum rate equal to 1.00 percentage points above the Prime Rate.

• The Equipment Loans shall be used only to purchase new Equipment purchased on or after 90 days prior to the date hereof and shall not exceed 100% of the invoice amount of such equipment approved from time to time by Bank, excluding taxes, shipping, warranty charges, freight discounts and installation expense.

• Bank has a valid and perfected security interest in all Collateral, and such security interest constitutes a first priority security interest in all Collateral, except, in the case of Collateral other than accounts, inventory, and equipment financed with Equipment Loans and Existing Equipment Loans, as set forth in the Schedule and for Permitted Liens.

• Accrued interest on each such Loan shall be payable monthly on each Payment Date and on the date the final installment of principal on the Equipment Loans is due.

More Definitions of Equipment Loans

Equipment Loans means the loans made by Lender to Borrower as provided in Section 2.2 hereof.

Equipment Loans shall have the meanings assigned to such terms in Section 1.01 hereof.

Equipment Loans means the Initial Equipment Loans, the Subsequent Equipment Loans and the Final Equipment Loans.

Equipment Loans means loans made pursuant to Section 2.01(a)(ii).

Equipment Loans. “Equipment Loans Conversion Date”; “Equipment Loans Maturity Date”; “Equipment Loans Notes”; “Xxxxxxx”; “Xxxxxxx Employment Agreement”; “Xxxxxxx Stock”; “Quick Ratio”; “Term Loan C Commitment”; “Term Loan C Commitment Percentage”; “Term Loan C Lender”; “Term Loans C Maturity Date”; “Term C Notes”; “Term Loan Commitment”; “Term Loan Commitment Percentage”; “Term Loan Lender”; “Term Loans Maturity Date”; and “Term Notes”.

Equipment Loans shall have the meaning assigned to such term in Section 6.04(r).

Equipment Loans means the loans made pursuant to the Equipment Credit Agreement.