Subject Equipment definition

Subject Equipment has the meaning set forth in Section 2.01(a)(iii).

Subject Equipment. Means Equipment subject to a certain Contract.

Subject Equipment means, with respect to any Lease, the Equipment subject to such Lease.

Examples of Subject Equipment in a sentence

• For the avoidance of doubt, the method for computing Agreed Replacement Value contemplated by Section 2.01(a)(iii) of the Disclosure Schedule will be used for all subsequent calculations of Agreed Replacement Value under this Section 2.10, including those set forth on the Closing Key Subject Equipment Schedule.

• Except for the Subject Equipment and equipment or property held by the Sellers’ customers, repair and service providers or others in the ordinary course of business consistent with past practices, all of the Tangible Personal Property included in the Transferred Assets is in the possession of the Sellers or their Affiliates.

• The Buyer shall also provide the Sellers and their respective Representatives with access to the Buyer’s sales and service records for purposes of determining whether the Buyer or any of its Affiliates has sold to or serviced any Subject Equipment.

• Such Substitute Subject Equipment will be free and clear of all Liens, except for Permitted Liens.

• Notwithstanding the foregoing, in the event that the data regarding the Subject Equipment that would otherwise be included in the Estimated Closing Date Unaudited Balance Sheet is not available to be included therein, then the estimates contemplated by clauses (vii) and (viii) above, to the extent related to the Subject Equipment, shall be as of the Business Day which is the Sellers’ last accounting day in the fiscal quarter prior to the fiscal quarter in which the Closing occurs.

More Definitions of Subject Equipment

Subject Equipment. : means all Equipment of each Grantor, other than Equipment subject to a Permitted Lien and a Lien Prohibition.

Subject Equipment means the equipment owned by Seller that is subject to an Equipment Lease and all warranties and guarantees, if any, express or implied, existing for the benefit of Seller with respect to the Subject Equipment.

Subject Equipment has the meaning set forth in the Security Agreement.

Subject Equipment means the computer, telecommunications and video conferencing hardware and other equipment acquired by either EDS or EIS (other than equipment, if any, acquired by EDS or EIS from the NMCI Contract Obligor pursuant to the NMCI Contract) to fulfill EDS’ and/or EIS’ obligations pursuant to the NMCI Contract, including its obligation to provide certain equipment, including the Subject Equipment, to the NMCI Contract Obligor; provided, however, that the Subject Equipment shall not include any computer, telecommunications and video conferencing hardware and other equipment that is leased, whether pursuant to an operating lease or a capital lease, or acquired pursuant to a conditional sale contract by either EDS or EIS to fulfill EDS’s and/or EIS’s obligations pursuant to the NMCI Contract; provided that in no event shall any such arrangement result in any third party leasing or selling such equipment to EDS or EIS being entitled to any interest, whether in the nature of a Lien or otherwise, in the Contract Payments or any part thereof. For avoidance of doubt, it is understood and agreed by the parties that the Subject Equipment includes the items of Subject Equipment that are related to the infrastructure of the NMCI, e.g., servers, routers and other similar items of Subject Equipment that are required for the operation of the NMCI but are not necessarily related to a particular Task Order or used directly by any end-user of the NMCI, as well as those items of computer, telecommunications and video conferencing hardware and other equipment that are specifically identified in any particular Task Order or Task Orders.

Subject Equipment has the meaning set forth in SECTION 8.4.

Subject Equipment has the meaning ascribed to it in Exhibit A of this Agreement.

Subject Equipment. All Equipment, except Equipment sold to a third party hereunder or to which Agent no longer has exclusive remarketing rights under Section 2.8 hereof, however, in the event Owner accepts a proposed Remarketing by Agent of any such equipment after the termination of Agent’s exclusivity period, such equipment shall thereupon again be subject to Agent’s exclusivity rights under Section 2.8.