Qualifying Equipment means equipment used directly in the harvesting or processing qualifying forest products removed from a qualifying project. Qualifying equipment does not include self-propelled vehicles required to be licensed by this state, but may include other licensed vehicles as provided by this paragraph. Qualifying equipment includes:
Qualifying Equipment software (not including "shrink-wrapped" software) purchased by the Borrower for use in connection with the equipment otherwise included in "Qualifying Equipment"; provided that the aggregate cost of the software so included will not exceed 20% of the aggregate principal amount of 1999-2000 Term Loans outstanding at the Full Drawing Date (hereinafter defined). If for any reason the aggregate cost of such software exceeds 20% of the aggregate principal amount of 1999-2000 Term Loans outstanding at the Full Drawing Date, the Borrower will forthwith repay those 1999-2000 Term Loans made to finance the cost of such software to the extent necessary so that the aggregate cost of software financed by 1999-2000 Term Loans (and not so prepaid) will not exceed 20% of the then aggregate outstanding principal amount of the 1999-2000 Term Loans. As used herein, "Full Drawing Date" means the earlier of: (i) January 31, 2000 or (ii) that date on which 1999-2000 Term Loans with an aggregate original principal amount of $5,000,000 shall have been advanced. Prior to the making of each 1999-2000 Term Loan, and as a precondition thereto, the Borrower will provide the Bank with: (i) invoices supporting the costs of the relevant Qualifying Equipment; (ii) such evidence as the Bank may reasonably require showing that the Qualifying Equipment has been delivered to and installed at the Borrower's Chelmsford, MA premises, has become fully operational, has been paid for by the Borrower and is owned by the Borrower free of all liens and interests of any other Person (other than the security interest of the Bank pursuant to the Security Agreement); (iii) Uniform Commercial Code financing statements (if needed) reflecting the relevant Qualifying Equipment with respect to which such 1999-2000 Term Loan is being made; and (iv) evidence satisfactory to the Bank that the Qualifying Equipment is fully insured against casualty loss, with insurance naming the Bank as secured party and first loss payee. The 1999-2000 Term Loans will be evidenced by the 1999 Term Note. Interest on the 1999-2000 Term Loans shall be payable at the times and at the rate provided for in the 1999 Term Note. Overdue principal of any 1999-2000 Term Loan and, to the extent permitted by law, overdue interest shall bear interest at a fluctuating rate per annum which at all times shall be equal to the sum of (i) four (4%) percent per annum plus (ii) the per annum rate otherwise payable ---- under the 1999 Term Note (but i...
Qualifying Equipment means equipment used directly in
Examples of Qualifying Equipment in a sentence
Additionally, if the new equipment is not listed on the Qualifying Equipment Tables but meets the efficiency requirements for that equipment, sufficient data must be provided to prove that it qualifies.
Extraordinary Expenses - Agreed to by parents or by order ofthe court pursuant to §14-10-115((11)(a), C.R.S.$$f.
The current energy efficiency criteria for qualifying Equipment and the Qualifying Equipment List are on the Program website: xxx.xxxxxxxxxxxxxxxx.xxx.
The proceeds of each Term Loan will be used by the Borrower solely to pay or reimburse acquisition costs of Qualifying Equipment and/or Qualifying Leasehold Improvements.
Equipment Qualifying Equipment must be installed at a Customer’s facility and meet the Program rated efficiency criteria, specified in the addendum.
More Definitions of Qualifying Equipment
Qualifying Equipment means, in respect of an Equipment Class, Equipment that meets the minimum criteria for acquisition and replacement in the Equipment Class, as determined by the Technical Committee.
Qualifying Equipment means that the equipment is eligible for Incentives. Qualifying Equipment is limited to equipment included on the Qualified Equipment List.
Qualifying Equipment means a HPWH that meets the following criteria: • Storage Heat Pump Water Heater • UEF of 3.1 or greater • Grid-connection capability For the purposes of this Program, grid-connection capability means the HPWH has the ability to be controlled remotely via a CTA-2045 connection. The HPWH does not need to be actively communicating with the internet at the time of installation to be eligible for an incentive. Refer to the Qualified Products List for a full list of Qualifying Equipment. The Qualified Products List is a list that is maintained by Energy Solutions and is available on the website. It is subject to change due to periodic updates.
Qualifying Equipment means equipment of a type specified in column 1 of table 1 meeting the description specified in column (2) of that table opposite the reference to that equipment type in column (1) thereof.
Qualifying Equipment means that the equipment and systems that are eligible for Incentives.
Qualifying Equipment any software (not including "shrink-wrapped" software) which meets all of the conditions and criteria set forth in the immediately preceding sentence to be Qualifying Equipment (other than the exclusion of software contained therein) and which is purchased by the Borrower for use in connection with its tangible Qualifying Equipment; provided that the aggregate costs of the software so included will be limited as set forth in (S)1.2.
Qualifying Equipment. Equipment purchased by the Borrower for use in the Borrower's business which meets all of the following criteria: (i) such equipment consists of one of the items shown on the equipment list heretofore delivered by the Borrower to the Bank or has otherwise been approved by the Bank for use in supporting a Term Loan (such approval not to be unreasonably withheld), (ii) each item of such equipment has been delivered to and installed at the Premises and has become fully operational, and (iii) the Borrower has paid in full for each item of such equipment (or is paying for each such item substantially simultaneously with the making of the relevant Term Loan) and holds title to same, free of all interests and claims of any other Person (other than the security interest of the Bank).