Definition of Temporary Equipment Line

  1. Temporary Equipment Line means a temporary line of credit terminating on August 31, 2013 of up to $1,000,000 in the aggregate outstanding to be used exclusively by Borrowers to finance up to 80% of the invoice cost of new or used equipment, net of tax, freight and installation charges."

Definition of Temporary Equipment Line in Revolving Credit and Security Agreement

Temporary Equipment Line means a temporary line of credit terminating on August 31, 2013 of up to $1,000,000 in the aggregate outstanding to be used exclusively by Borrowers to finance up to 80% of the invoice cost of new or used equipment, net of tax, freight and installation charges."