Revenue Equipment definition

Revenue Equipment means, with respect to any Person, trucks, tractors, trailers, city tractors, converter gears and all accessories and parts attached thereto, owned by such Person as of the date of determination free and clear of all Liens other than Permitted Liens.
Revenue Equipment means that Property of the Borrower or any Subsidiary which is so designated on the Borrower's consolidated balance sheets provided to the Lenders under Section 6.1(i) and (ii), exclusive of any real property which may fall under such designation.
Revenue Equipment all Equipment that would typically be subject to a certificate of title and that is (a) owned by a Borrower, and (b) is used in the conduct of a Borrower’s business as a means of producing revenue.

Examples of Revenue Equipment in a sentence

  • Cost of Total System Revenue Equipment “OWNED, USED OR LEASED TO OWN” should be the grossoriginal cost, plus improvements, before depreciation if purchased new or used.

  • Cost of Total System Revenue Equipment “LEASED” should be the gross original cost, new or used, to the lessor.

  • Revenue Equipment is all equipment owned, used, or leased (including owner operators operating under the same MC authority as the lessee) in direct production of income, i.e., Buses, Vans or other revenue equipment.

  • Revenue Equipment is all equipment owned, used, or leased (including owner operators operating under the same MC authority as the lessee) in direct production of income, i.e., Trucks, Tractors or Trailers.

  • This plan reflects the intent of the Parking Fund to replace all of its Federal APD Access and Revenue Equipment and associated back of the house software/ systems as capital funding becomes available.


More Definitions of Revenue Equipment

Revenue Equipment means tractors and trailers and associated attachments of all types used by the Borrower or its Subsidiaries for the transportation of goods for its customers in the ordinary course of its business.
Revenue Equipment means all titled tractors and trailers owned by any Loan Party and used in the operation of such Loan Party’s business.
Revenue Equipment means tractors and trailers used in the ordinary course of business and tagged and permitted to be used in the ordinary course of business.
Revenue Equipment means tractors and trailers subject to certificates of title that are owned by any Loan Party and either (a) used in the operation of such Loan Party’s business to produce revenue for such Loan Party or (b) held for sale by such Loan Party.
Revenue Equipment means all the Company's trucks, tractors, trailers and similar equipment described in Schedule A to the Security Agreement as such Schedule A shall be amended or supplemented from time to time, in which Secured Party has a first priority and perfected security interest.
Revenue Equipment means Revenue Equipment Tractors and Revenue Equipment Trailers used in the ordinary course of business and tagged and permitted to be used in the ordinary course of business.
Revenue Equipment means the owned tractors, trailers and other rolling stock of the Loan Parties that are used by the Loan Parties to transport goods for other Persons for hire.