Leased Machinery and Equipment definition

Leased Machinery and Equipment shall have the meaning specified in Section 2.1(b).
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Leased Machinery and Equipment means the Machinery and Equipment listed in Schedule 7.12 and leased to Seller as lessee pursuant to the lease agreements referred to in Section 7.12.
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Examples of Leased Machinery and Equipment in a sentence

  • Section 4.1(c) Leased Machinery and Equipment.......................

  • 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.

  • 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.

  • Dialogue among stakeholders has resulted in a set of Principles and Criteria for sustainable palm oil production which were adopted in November 2005.62 They were applied for an initial pilot implementation period of two years from the date of adoption.

  • The Seller is not in default with respect to any item of Leased Machinery and Equipment, and no event has occurred that constitutes or with due notice or lapse of time or both would constitute a default by the Seller under any lease thereof.

  • 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.

  • 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.a. Greyrock Capital Group Inc., and Seller, dated August 10, 1995, and the lease agreement between NationsCredit Commercial Corp.

  • Is mar seo a leanas atá na rátaí dímheasa: The depreciation rates applied are as follows: Foirgnimh 4% p.a. Property 4% p.a. Áiseanna Tionsclaíocha 3% p.a. Industrial Facilities 3% p.a. Innealra, Troscán, agus Trealamh Oifige 10% go 25% p.a. Machinery, Office Equipment and Furniture 10% to 25% p.a. Feithiclí Mótair 20% p.a. Motor Vehicles 20% p.a. Innealra agus Trealamh ar Léas 20% p.a. Leased Machinery and Equipment 20% p.a. (nó de réir ráta comhionann leis an ioncam faoin léas má tá sé níos airde).

  • 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.

Related to Leased Machinery and Equipment

  • Machinery and equipment means machinery used in manufacturing establishments and computers except point-of-sale equipment as defined in Iowa Code section 427A.1. The term does not include computer software.

  • Qualified machinery and equipment means all new industrial

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • Movable equipment means a hand-held or non-hand-held machine or device, powered or unpowered, that is used to do work and is moved within or between work sites.

  • Rental Equipment means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that:

  • Fixed Equipment means any property affixed in any way to the Licensed Premises existing at the time Notice to Proceed is given, whose removal would damage the Licensed Premises.

  • Farm equipment means equipment used directly for farming

  • Systems and Equipment means any plant (including any central plant), machinery, transformers, duct work, cable, wires, and other equipment, facilities, and systems designed to supply heat, ventilation, air conditioning and humidity or any other services or utilities, or comprising or serving as any component or portion of the electrical, gas, steam, plumbing, sprinkler, communications, alarm, lab, security, or fire/life safety systems or equipment, or any other mechanical, electrical, electronic, computer or other systems or equipment which serve the Building and/or any other building in the Project in whole or in part.

  • Computer Equipment means Covered Property that is electronic computer or other data processing equipment, including peripherals used in conjunction with such equipment, and electronic media and records.

  • Farm machinery means all machines and tools that are used in the production, harvesting, and care of farm products, and includes trailers that are used to transport agricultural produce or agricultural production materials between a local place of storage or supply and the farm, agricultural tractors, threshing machinery, hay-baling machinery, corn shellers, hammermills, and machinery used in the production of horticultural, agricultural, and vegetable products.

  • Furniture and Equipment means the furniture and equipment, other than motor vehicles, leased or owned by the Failed Bank and reflected on the books of the Failed Bank as of Bank Closing and located on or at Bank Premises, including without limitation automated teller machines, carpeting, furniture, office machinery (including personal computers), shelving, office supplies, telephone, surveillance, security systems and artwork. Motor vehicles shall be considered other assets and pass at Book Value. Furniture and equipment located at a storage facility not adjacent to a Bank Premises are excluded from this definition.

  • Service Equipment means any equipment, Software, systems, cabling and facilities provided by or on behalf of Verizon and used to facilitate provision of the Services at a Customer Site. Ownership of the Service Equipment does not pass to Customer. Service Equipment does not include Verizon Facilities.

  • Machinery means any article or combination of articles assembled, arranged or connected and which is used or intended to be used for converting any form of energy to performing work, or which is used or intended to be used, whether incidental thereto or not, for developing, receiving, storing, containing, confining, transforming, transmitting, transferring or controlling any form of energy;

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Item of Equipment means each item of the Equipment.

  • Mobile x-ray equipment means x-ray equipment mounted on a permanent base with wheels and/or casters for moving while completely assembled.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • Building Equipment shall have the meaning set forth in the Security Instrument.

  • Equipment is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing.

  • Port Cargo Handling Equipment means rubber-tired gantry cranes, straddle carriers, shuttle carriers, and terminal tractors, including yard hostlers and yard tractors that operate within ports.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Furniture means articles of which wood, reeds, rattan, cane, seagrass or metal comprise the whole or part and such as are usually made or assembled by cabinet makers, assemblers in the furnishing trades, chair and couch makers, upholsterers, wood carvers, or wood turners; and

  • School equipment means a durable school-owned machine, equipment, or tool used by a student as part of an activity, course, or program in a secondary school and includes a saw or 3D printer. “School equipment” includes a saw or 3D printer.