Unit of Equipment definition

Unit of Equipment means one elevator, escalator, chairlift, platform lift, automated people mover operated by cables, or moving sidewalk, or related equipment.

Unit of Equipment means, as to the Equipment leased pursuant to any Schedule (a) each individual item of PC Equipment leased pursuant to such Schedule, and (b) all Equipment taken as a whole leased pursuant to such Schedule other than PC Equipment taken as a whole.

Unit of Equipment means, as to the Equipment leased pursuant to any Schedule (a) each individual item of PC Equipment leased pursuant to such Schedule, and (b) all Equipment leased pursuant to such Schedule other than PC Equipment taken as a whole.

Examples of Unit of Equipment in a sentence

• If Buyer’s Inspectors determine that a Unit of Equipment fails to conform to the requirements of the Specification, this Contract, or the Standards, the costs and charges of the original tests, any additional tests and work and materials in connection with the correction and/or replacement of the Equipment shall be paid by Seller.

• Unless otherwise agreed by Buyer in writing, the failure of a Unit of Equipment, or materials, supplies and equipment thereof, in a test shall, at Buyer’s option, be considered the failure of each Unit in the same production series.

• As between the Lessor and the Lessee it is agreed that any insurance payments received as the result of the occurrence of (i) any event of loss described in paragraph (c) of Section 15 hereof with respect to any Parcel of Property or Unit of Equipment, or (ii) any event of Taking described in Section 16 hereof shall be paid to an account of the Lessor and disposed of, as set forth in paragraph (c) of Section 15 hereof.

• If either Buyer or Seller is delayed in making or taking delivery of any Unit of Equipment as a result of any “Excusable Delay” (as defined in the next sentence), Buyer and Seller shall not be liable for such failure or delay and the Scheduled Delivery Dates shall be extended in the event Seller or Buyer shall have given written notice to the other party within the time periods specified in ARTICLE 3(b) of the Excusable Delay (subject however to Buyer’s cancellation rights in ARTICLE 3(c)).

• On or before the execution of this Lease, on the Effective Date with respect to any Parcel of Property or Unit of Equipment, and annually on or before the anniversary of the date of this Lease, the Lessee will furnish to the Lessor certificates of an independent insurance broker reasonably satisfactory to the Lessor or other evidence reasonably acceptable to the Lessor certifying that the insurance then carried and maintained on each Parcel of Property or Unit of Equipment complies with the terms hereof.

More Definitions of Unit of Equipment

Unit of Equipment shall have the meaning assigned to it in Section 1(a) of the Master Lease Agreement. "WELFARE PLANS" shall mean any welfare plan, as defined in Section 3(1) of ERISA, which is maintained or contributed to by Aladdin Gaming or any ERISA Affiliate. "WITHDRAWAL LIABILITY" shall mean, at any time, the aggregate amount of the liabilities, if any, pursuant to Section 4201 of ERISA, and any increase in contributions pursuant to Section 4243 of ERISA with respect to all Multiemployer Plans. "30-DAY LIBOR" shall mean, for any Interest Period, the rate per annum (rounded upwards to the nearest 1/16th of one percentage point, if necessary) equal to the quotient obtained by dividing (i) the offered rate for U.S. Dollar deposits for a thirty (30) day period appearing on Telerate page 3750 (or as quoted by such other reference source as may be designated by the Agent in writing) as of 11:00 a.m. (London time), on the day that is two (2) Business Days prior to the beginning of such Interest Period (but if at least two such rates appear on such page or are so quoted at such time, the offered rate for such Interest Period shall be the arithmetic mean of such rates), by (ii) a percentage equal to one (1) minus the LIBOR Reserve Percentage. "90-DAY LIBOR" shall mean, for any Interest Period, the rate per annum (rounded upwards to the nearest 1/16th of one percentage point, if necessary) equal to the quotient obtained by dividing (i) the offered rate for U.S. Dollar deposits for a ninety (90) period appearing on Telerate page 3750 (or as quoted by such other reference source as may be designated by the Agent in writing) as of 11:00 a.m. (London time), on the day that is two (2) Business Days prior to the beginning of such Interest Period (but if at least two such rates appear on such page or are so quoted at such time, the offered rate for such Interest Period shall be the arithmetic mean of such rates), by (ii) a percentage equal to one (1) minus the LIBOR Reserve Percentage. Capitalized terms used in the Facilities Agreement without definition shall have the meaning assigned to such terms in the Senior Credit Agreement as in effect on the date hereof. Any accounting term used in the Facilities Agreement shall have, unless otherwise specifically provided herein, the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed, unless otherwise specifically provided herein, in accordance with GAAP consistently applied...

Unit of Equipment means an item of Equipment listed on Schedule I to an Equipment Lease Supplement.

Unit of Equipment means, as to the Equipment leased pursuant to any Supplement a) each individual item of PC Equipment leased pursuant to such Supplement, and b) all Equipment leased pursuant to such Supplement other than PC Equipment taken as a whole.

Unit of Equipment means, as to the Equipment leased pursuant to any Schedule (a) each individual item Equipment leased pursuant to such Schedule, and (b) all Equipment taken as a whole leased pursuant to such Schedule.

Unit of Equipment means one elevator, escalator, chairlift,

Unit of Equipment means, as to the Equipment leased pursuant to any Schedule

Unit of Equipment means, as to the Equipment leased pursuant to any Schedule, (a) each individual item of PC Equipment leased pursuant to such Schedule, and (b) all Equipment taken as a whole leased pursuant to such Schedule other than PC Equipment. Exhibit A to Master Agreement COUNTERPART NO. _______ OF _______. TO THE EXTENT THAT THIS SCHEDULE CONSTITUTES CHATTEL PAPER (AS DEFINED IN THE UCC), NO SECURITY INTEREST IN THIS SCHEDULE MAY BE CREATED THROUGH THE TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN COUNTERPART NO. 1. Master Agreement Number __ MASTER LEASE AND FINANCING AGREEMENT SCHEDULE Hewlett-Packard Financial Services Company1 (“Lessor”) and Secured Digital Storage, LLC (“Lessee”) are parties to the Master Lease and Financing Agreement identified by the Master Agreement Number specified above (the “Master Agreement”). This Schedule (which shall be identified by the Schedule Number specified above) and the Master Agreement together comprise a separate Lease, a separate Financing or a separate Lease and [a separate] Financing, as the case may be, between the parties. The terms and conditions of the Master Agreement are hereby incorporated by reference into this Schedule. All capitalized terms used in this Schedule without definition have the meanings ascribed to them in the Master Agreement.