Temporary Equipment Line definition

Temporary Equipment Line means a temporary line of credit terminating on July 31, 2015 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.”
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Temporary Equipment Line means a temporary line of credit terminating on January 1, 2015 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.”
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Temporary Equipment Line set forth in Section 1.2 of the Credit Agreement is hereby amended and restated in its entirety as follows:
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Examples of Temporary Equipment Line in a sentence

  • Upon the effectiveness of the Fourteenth Amendment, all such outstanding Advances shall be converted to an Equipment Loan (as defined below) and no further Advances shall be available to Borrowers under the Temporary Equipment Line.

  • As such, immediately upon the effectiveness of the Fourteenth Amendment and the conversion of outstanding Advances under the Temporary Equipment Line into an Equipment Loan, all outstanding Revolving Advances under the Temporary Equipment Line shall be reduced to $0 and thereafter Revolving Advances shall be available to Borrowers up to the Formula Amount as set forth herein.

  • Combined with these acquisitions was a refinancing of the Company's portfolio of investments, structured in a way that the increased risk involved in taking on additional debt is more than offset by the additional projected cashflows from the investments.


More Definitions of Temporary Equipment Line

Temporary Equipment Line means a temporary line of credit terminating on July 31, 2015 of up to
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Related to Temporary Equipment Line

  • Committed Equipment Line means a credit extension of up to Three Million Dollars ($3,000,000.00).

  • X-ray equipment means an x-ray system, subsystem, or component thereof. Types of x-ray equipment are as follows:

  • temporary licence means a Licence granted under the Act valid for a single day or for such period as may be specified in the Licence not exceeding six months.

  • Temporary license means a license issued on a short-term basis for a specified time pursuant to subrule 3.5(4).

  • Stationary x-ray equipment means x-ray equipment which is installed in a fixed location.

  • temporary building means a Building designed or constructed, erected or placed on land and which is demolished or removed from the lands within twelve months of Building Permit issuance;

  • Mobile x-ray equipment means x-ray equipment mounted on a permanent base with wheels and/or casters for moving while completely assembled.

  • Temporary Work means all temporary works of every kind required in or about the execution, completion and maintenance of the works.

  • Temporary Works means all temporary works of every kind required in or about the execution, completion or maintenance of works.

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Heavy equipment means such construction machinery as backhoes, treaded tractors, dump trucks, and front-end loaders.

  • Portable x-ray equipment means x-ray equipment designed to be hand-carried.

  • Temporary Work Agency means as defined in Regulation 4 of the AWR being a person engaged in the economic activity, public or private, whether or not operating for profit, and whether or not carrying on such activity in conjunction with others, of:

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

  • Military equipment means weapons, arms, military supplies, and equipment that readily may be used for military purposes, including, but not limited to, radar systems or military-grade transport vehicles; or supplies or services sold or provided directly or indirectly to any force actively participating in armed conflict in Sudan.

  • Analytical x-ray equipment means equipment used for x-ray diffraction or fluorescence analysis.

  • Ancillary equipment means any device including, but not limited to, such devices as piping, fittings, flanges, valves, and pumps, that is used to distribute, meter, or control the flow of hazardous waste from its point of generation to a storage or treatment tank(s), between hazardous waste storage and treatment tanks to a point of disposal onsite, or to a point of shipment for disposal off-site.

  • Equipment Room means a space intended for the operation of pool pumps, filters, heaters and controllers.

  • Equipment Schedule means (a) each Equipment Schedule attached to the applicable Requisition and (b) each Equipment Schedule attached to the applicable Lease Supplement.

  • Rental Equipment means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that:

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

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

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

  • Additional Equipment means any equipment you might purchase from a supplier other than us(whether or not this supplier is recommended by us).

  • Rear lot line means the lot line that is opposite the front lot line in the case of a lot having four sides, and where the rear portion of a lot is bounded by intersecting side lot lines the point of intersection is deemed the rear lot line;

  • 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.