Future Equipment definition

Future Equipment has the meaning given to it in clause 17.3;
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Future Equipment means all equipment and asset purchases made by LAEP, a Project SPE or a Project SPE’s Trustee during the Term of an Ancillary Agreement as a part of any Improvements, Renewal Work or Replacement Work under such Ancillary Agreement.
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Examples of Future Equipment in a sentence

  • Such Future Equipment shall be acquired in the name of the Customer and title shall vest in the Customer and, unless agreed to the contrary pursuant to the Contract Change Control Procedure, the Customer shall pay the vendor directly for such Future Equipment.

  • The Equipment Term Loan constitutes, in part, a refinancing of the principal balance outstanding under (i) that certain Installment Note dated as of September 24, 1998 in the original principal amount of $3,000,000.00 and (ii) that certain Installment Note (Future Equipment Acquisitions) dated as of September 24, 1998 in the original principal amount of $2,000,000.00.

  • Landlord also reserves the right to install and operate new or modified communications equipment on the Tower or Property for its own uses ("Future Equipment").

  • During the term of this Agreement PDS will bear all costs of insuring, maintaining and storing the Equipment or Future Equipment when it is not on lease to a User pursuant to a User Lease, which imposes such obligations on that User.

  • The State acknowledges and agrees that the purchase of all Future Equipment will be made in the name of LAEP, a Project SPE or Project SPE’s Trustee.

  • Throughout the Term of the applicable Ancillary Agreement, LEP the Project SPE or Project SPE’s Trustee will retain legal title to all such Future Equipment as security for the State’s or the applicable State Entity’s obligations under such Ancillary Agreement (including payment of any Termination Fee that may be owed thereunder), notwithstanding the installation of that Future Equipment into a Covered Facility in connection with such Work.

  • FATS/STS/T45/001 Urgent Operational Requirement means the procedure to address a capability gap by the rapid purchase of new or additional equipment or the enhancement of, or essential modification to, existing equipment and may involve bringing forward the planned procurement of equipment from the Future Equipment Programme.

  • PDS shall remarket the Equipment and Future Equipment in a matter consistent with its current business practices at a consideration reasonably acceptable to ▇▇▇▇▇▇, or, if ▇▇▇▇▇▇ shall refuse to accept the proposed remarketing consideration, at a consideration not less than its then Fair Market Value.

  • The Equipment Term Loan evidenced by this Note constitutes, in part, a refinancing of the principal balance outstanding under (i) that certain Installment Note dated as of September 24, 1998 in the original principal amount of $3,000,000.00, and (ii) that certain Installment Note (Future Equipment Acquisitions) dated as of September 24, 1998 in the original principal amount of $2,000,000.00.

  • Tenant's Satellite Equipment and any associated future installations (referred to herein as "Tenant's Future Equipment") shall be subject to such conditions with respect to the installation, operation and maintenance thereof as may reasonably be imposed by Owner, including, but not limited to, those conditions set forth in Subdivision A of this Section 4.02.