Second Equipment Line definition

Second Equipment Line is a Second Equipment Advance or Second Equipment Advances in an aggregate amount of up to $2,500,000 outstanding at any time.
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Second Equipment Line means Credit Extensions of up to Five Hundred Thousand Dollars ($500,000.00)
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Examples of Second Equipment Line in a sentence

  • On or before the Second Equipment Line Closing Date, an equipment line fee (the “Second Equipment Line Fee”) equal to $6,250 due, payable and fully earned on the Second Equipment Line Closing Date; provided that the Second Equipment Line Fee shall be waived if 50% of the Committed Equipment Line is drawn on the Second Equipment Line Closing Date.

  • Subject to the terms and conditions of this Agreement, during the Draw Period, Bank shall make advances (each, a “Second Equipment Advance” and, collectively, “Second Equipment Advances”) not exceeding the Second Equipment Line minus the original principal amount of the Outstanding Second Equipment Advances.

  • Notwithstanding the foregoing, Borrower may seek reimbursement in the first Equipment Advance under the Second Equipment Line for any Equipment or Software Products purchased on or after December 1, 2005.

  • The Borrower shall make thirty (30) equal, monthly payments of principal and interest under the Second Equipment Line Loan beginning with the payment due on September 15, 2000 and continuing on the 15th day of each calendar month thereafter through and including February 15, 2003.

  • The aggregate amount of Equipment Advances under the Second Equipment Facility shall not exceed the Second Equipment Line; and, Equipment Advances, once repaid, may not be reborrowed.

  • Attachment 2 Form of Promissory Note evidencing Second Equipment Line Attached.

  • On the applicable Second Equipment Line Maturity Date all outstanding principal, and all accrued unpaid interest shall be due and payable.

  • Subject to the terms and conditions of this Agreement, by the Second Equipment Availability End Date, Bank shall make advances (each, a “Second Equipment Advance” and, collectively, “Second Equipment Advances”) not exceeding the Second Equipment Line.

  • Bank’s receipt of a promissory note executed by Borrower evidencing the Second Equipment Line in the form attached hereto as Attachment 2.

Related to Second Equipment Line

  • Equipment Line is an Equipment Advance or Equipment Advances in an aggregate amount of up to One Million Dollars ($1,000,000).

  • 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.

  • 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.

  • Leased Equipment means the computers, servers, machinery and equipment and other tangible personal property leased by Seller for use in the operation or conduct of the Business.

  • 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.

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Existing Equipment means equipment, machines, devices or installations that are in operation prior to September 23, 1970.

  • Load Control Equipment means the equipment (which may include, but is not limited to, ripple receivers and relays) that is from time to time installed in, over or on Consumer’s Premises for the purpose of receiving signals sent by Load Signalling Equipment and switching on and off, or otherwise controlling, controllable load;

  • Fixtures and Equipment means all of the furniture, fixtures, furnishings, machinery, automobiles, trucks, spare parts, supplies, equipment, tooling, molds, patterns, dies and other tangible personal property owned by the Company, wherever located and including any such Fixtures and Equipment in the possession of any supplier of the Company, including all warranty rights with respect thereto.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Additional Equipment means equipment that is not factory fitted in the Vehicle, including but not limited to navigation equipment (GPS), baby seat, bicycle rack etcetera;

  • Qualified machinery and equipment means all new industrial

  • Project Equipment means all personal property, goods, leasehold improvements, machinery, equipment, furnishings, furniture, fixtures, tools and attachments wherever located and whether now owned or hereafter acquired, financed in whole or in part with the proceeds of the Bonds, and any additions and accessions thereto, substitutions therefor and replacements thereof, including, without limitation the Project Equipment described in Appendix C hereto, as amended from time to time in accordance herewith.

  • Designated Equipment means either: (i) a server identified by serial number, or host I.D. on which the Licensed Materials are stored; or (ii) a computer or workstation, as identified by its serial number, host I.D. number or Ethernet address; to which the Licensed Materials are downloaded and Used only upon the issuance of a License Key. The Designated Equipment shall be of a manufacture, make and model, and have the configuration, capacity (i.e., memory/disk), operating software version level, and pre- requisite and co-requisite applications, prescribed in the Documentation as necessary or desirable for the operation of the Software.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Farm equipment means equipment used directly for farming

  • 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.

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred:

  • Contractor’s Equipment means all apparatus, machinery, vehicles and other things required for the execution and completion of the Works and the remedying of any defects. However, Contractor’s Equipment excludes Temporary Works, Employer’s Equipment (if any), Plant, Materials and any other things intended to form or forming part of the Equipment.

  • Metering Equipment means all metering equipment installed at the metering points designated in the appropriate appendix to an Interconnection Service Agreement. Minimum State of Charge:

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.