Leased Machinery definition

Leased Machinery means those items of machinery, equipment and related property required by the Lease to be acquired with proceeds from the sale of Bonds or the proceeds of any payment by the Sublessor pursuant to Section 4.6 of the Lease, which items are described in Exhibit B of the Lease, together with any item of machinery, equipment and related property acquired or installed in substitution therefore pursuant to Sections 4.1, 6.1, 6.2, 7.1 and 7.2 of the Lease.
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Examples of Leased Machinery in a sentence

  • All improvements to the Building or Leased Machinery (other than Excluded Property or improvements or equipment which is installed by or at the request of Sublessee collectively, "Sublessee's Property") which are located within the Leased Land or are attached to the Leased Machinery shall become a part of the Project.

  • No financing statement under the Uniform Commercial Code with respect to any of the Acquired Assets (except with respect to the Leased Machinery and Equipment) has been filed in any jurisdiction and Seller has not signed any such financing statement or any security agreement authorizing any secured party thereunder to file any such financing statement.

  • Schedule 6.11 sets forth a complete and correct list of each item of Owned Machinery and Equipment and Leased Machinery and Equipment together with the market value for each item.

  • At or prior to the Closing, Seller shall purchase the Leased Machinery and Equipment from the lessor thereof and, at the Closing, shall sell it to Buyer as part of the Acquired Assets in accordance with the terms of this Agreement.

  • At the Closing, Buyer shall pay to Seller an amount equal to the "Stipulated Loss Value" of the Leased Machinery and Equipment (as such term is defined in the lease agreement between NationsCredit Commercial Corp., f.k.

  • If the Sublessee shall fail to maintain the insurance coverage required by this Sublease, to keep the Project in a reasonably safe condition, or to keep the building and the Leased Machinery in good repair and good operating condition, all as required to be done by Sublessee herein, Sublessor may (but shall be under no obligation to) take out the required policies of insurance and pay the premiums on the same or make the repairs, renewals and replacements.

  • The Owned Machinery and Equipment and the Leased Machinery and Equipment is sufficient and adequate to carry on the Business as presently conducted, and all items thereof are in good operating condition and repair relative to the value ascribed to such machinery and equipment for purposes of calculating Asset Value.

  • The Sublessee shall not be under obligation to renew, repair or replace any inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary Leased Machinery or Excluded Property.

  • The Seller holds valid and transferable leaseholds in all of the Leased Machinery and Equipment, in each case under valid and enforceable leases.

  • Seller shall be responsible for all other payments required in connection with the purchase of the Leased Machinery and Equipment.