Equipment Value definition
Equipment Value means, in connection with any Standard Network Service or Bundle, the Direct Cost of any equipment included in such Standard Network Service or Bundle at (i) no additional cost to the applicable Clearwire Retail Customer or (ii) at a price that is less than the applicable Direct Costs, in each case, reduced by the amount paid by the Clearwire Retail Customer (with such amount paid allocated over the average expected life of a Clearwire Retail Customer).
Equipment Value means, (i) with respect to any Contract which is an installment sales contract or installment note, the sales price of the Equipment subject to such Contract, EXCLUDING sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against the first or last installment payment in whatever form collected; (ii) with respect to any Contract which is a finance lease, the Capitalized Cost to Lessee, EXCLUDING sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against the first or last rent payment; and (iii) with respect to any Contract which is an operating lease, the Capitalized Cost to Lessee, EXCLUDING sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against the first or last rent payment.
Equipment Value means the lesser of: the invoice cost of the equipment (excluding taxes, license fees, transportation costs, insurance premiums, and installation and connection expenses, fees and costs); or the book value of the equipment; or the liquidation value of the equipment as determined by the Bank.
Examples of Equipment Value in a sentence
A policy of insurance covering all loss or damage to the Equipment, including flood and earthquake, for not less than 100% of the Equipment Value and the Ancillary Products value as established by Lessor for the full term of the Lease Agreement.
If the Equipment is not immediately recoverable, the Customer will immediately forfeit the Stipulated Equipment Value.
If the Equipment cannot be decontaminated, the Equipment shall be deemed a Total Loss and Lessee assumes full responsibility for the Equipment including the disposal thereof, and shall pay Lessor the Equipment Value as set forth on the Lease Order Agreement plus all applicable Taxes and Fees in accordance with Section 14 herein.
Each Advance Request shall specify (i) the advance date (which shall be a business day), (ii) the Equipment being acquired or financed therewith and the Equipment Value thereof, (iii) the terms of the Contract(s) to which such Equipment will be sold or leased, and (iv) the amount of the requested Loan, and shall set forth the information requested therein.
If it is determined that the Equipment cannot be decontaminated, the Equipment shall be deemed a Total Loss and Lessee assumes full responsibility for the Equipment including the disposal thereof, and shall pay Lessor the Equipment Value as set forth on the Lease Order Agreement plus all applicable Taxes and Fees in accordance with Section 12 herein.
More Definitions of Equipment Value
Equipment Value means, with respect to an item of equipment comprising the VLS System, its value calculated as follows:
Equipment Value. Means, with respect to Equipment that is the subject of an Appraisal, the Appraised Value and with respect to any other Equipment acquired from a seller, manufacturer or vendor, the Original Net Book Value; provided, that with the consent of the ICI Global Requisite Majority and satisfaction of the Rating Agency Condition, the Equipment Value for Equipment that is purchased from a manufacturer or vendor may be the Appraised Value.
Equipment Value means with respect to new Equipment the lesser of: (a) the invoice cost of the equipment (including seller premiums or commissions, plus sales tax, freight, installation, and other reasonable costs), (b) or the book value of the Equipment, or (c) the liquidation value of the Equipment all as determined by the Lender and with respect to used Equipment, the orderly liquidation value as determined by Lender. This Note is entered into in connection with one or more certain Loan and Security Agreements or Loan Agreements, dated of even date herewith (each a "Loan Agreement" and collectively, the "Loan Agreements") between the Borrower and the Lender, and any capitalized terms not defined herein shall have the meanings given to them in the Loan Agreements. The Borrower hereby promises and agrees to pay interest in arrears on all Advances on the last calendar day of each month. On the Expiration Date, the Borrower hereby promises and agrees to pay to the Lender in full the aggregate unpaid principal amount outstanding, together with all accrued and unpaid interest and all other fees and charges owing to the Lender under this Note. Notwithstanding anything set forth herein or in the Loan Agreement to the contrary, no Advance shall be made under this Note until the Borrower has provided to the Lender evidence satisfactory to the Lender demonstrating that the Borrower has contributed no less than $2,500,000.00 in equity to the Borrower. Provided that no Event of Default has occurred, the Borrower may, by giving written notice to the Lender at least 30 day(s) prior to the Expiration Date, convert the principal balance outstanding under the Equipment Purchase Line of Credit as of the Expiration Date to be payable on a term loan basis. The term loan (the "Term Loan") shall be in the amount of such outstanding principal balance and shall be evidenced by a promissory note in form and substance satisfactory to the Lender (the "Term Note"). Accrued and unpaid interest under the Equipment Purchase Line of Credit shall be paid to the Lender concurrently with the Borrower's execution of the Term Note, Interest shall accrue and principal and interest shall be paid in accordance with the terms and provisions of the Term Note. The aggregate principal balance outstanding shall bear interest thereon at a per annum rate equal to Two and One-Quarter Percent (2.25%) above the One-Month LIBOR Rate (as hereinafter defined). Principal and interest shall be payable at the Lenders main of...
Equipment Value. (a) for any Unit owned by Partnership on the Commencement Date, the amount for such Unit specified on the Appraisal as of the Commencement Date and as set forth on Schedule 3 to the Participation Agreement, and (b) for any Unit contributed to Partnership on any other date, the Fair Market Value of such Unit, as certified by General Partner pursuant to Section 5.13 of the Participation Agreement or as otherwise determined in accordance with the definition of "Fair Market Value", in each case, determined as of the date of contribution.
Equipment Value means, (i) with respect to any Contract which is an installment sales contract or installment note, the sales price of the Equipment subject to such Contract, excluding sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against any installment payment in whatever form collected; (ii) with respect to any Contract which is a finance lease, the Capitalized Cost to Lessee, excluding sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against any rent payment; and (iii) with respect to any Contract which is an operating lease, the Capitalized Cost to Lessee, excluding sales or use tax, delivery charges, installation charges and any security deposit that is or will be applied as a credit against any rent payment.
Equipment Value has the meaning set out in Section 2.1.
Equipment Value when used with reference to an item of Equipment shall mean, as of any date of determination thereof, the Current Fair Market Value (determined in good faith by the General Partner or, if an appraisal shall have been made within one year of the date of determination pursuant to ss.5.20, the Appraised Current Fair Market Value) of such item of Equipment owned and leased or available for lease (as lessor) by the Company and its Restricted Subsidiaries.