Offsite Equipment definition

Offsite Equipment means the Equipment identified on Schedule 5.11(b).
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Offsite Equipment shall have the meaning set forth in Section 2.3(p).
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Examples of Offsite Equipment in a sentence

  • As used herein, (i) “Managed Equipment” refers collectively to the Onsite Equipment and Offsite Equipment, and (ii) “Locations” refers collectively to the Onsite Locations and Offsite Locations.

  • With respect to each individual piece of equipment included in the Offsite Equipment, Sellers and IP Sellers, on behalf of themselves and their Affiliates and their successors and assigns, grant to Buyer and its successors or assigns, an irrevocable option to purchase for an purchase price of $1.00 such equipment following such time as such equipment is no longer used to provide products or services to Buyer or its successors or assigns pursuant to the Buyer Manufacturing and Supply Agreements.

  • Sellers and IP Sellers, on behalf of themselves and their Affiliates and their successors and assigns, agree to keep the Offsite Equipment in reasonable condition and repair (ordinary wear and tear excepted) for comparable equipment in the industry.

  • Sellers and IP Sellers, on behalf of themselves and their Affiliates and their successors and assigns, agree and acknowledge that the Offsite Equipment may only be used to supply products and services to Buyer and its successors or assigns pursuant to the Buyer Manufacturing and Supply Agreements.

Related to Offsite Equipment

  • 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.

  • Farm equipment means equipment used directly for farming

  • Protective equipment shall include:

  • Leased Equipment means the vehicles, computers, servers, machinery and equipment and other similar items leased and used or held for use by Seller or a Subsidiary primarily in the operation or conduct of the Engenio Business but excluding any such items primarily related to Excluded Assets or Excluded Liabilities.

  • 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.