Financed Equipment Clause Samples
Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.
Financed Equipment. (A) Not more than 50% of the Receivables, measured by federal income tax basis, are secured by Financed Equipment consisting of land, buildings, structural components thereof or other inherently permanent structures within the meaning of Treasury Regulation Section 1.856-3(d) or interests therein within the meaning of Treasury Regulation Section 1.856-3(c), (B) the Financed Equipment does not consist of aircraft and (C) the Financed Equipment is located outside of the State of Florida.
Financed Equipment. (i) the lien of the Hedge Documents (including this Agreement) in and to the Financed Equipment is subordinate to the lien of the Letter of Credit Documents in and to the Financed Equipment; (ii) the lien of the Revolving Credit Documents (including this Agreement) in and to the Financed Equipment is subordinate to the liens of the Letter of Credit Documents; and (iii) the lien of the Letter of Credit Documents in and to the Financed Equipment shall be deemed to be prior and senior to both the lien of the Hedge Documents in and to the Financed Equipment, and the lien of the Revolving Credit Documents in and to the Financed Equipment; and
Financed Equipment. The term "Financed Equipment" shall have the meaning assigned to such term in the first recital clause of this Agreement.
Financed Equipment. The Financed Equipment does not, and with respect to Subsequent Receivables will not, consist of land, buildings, structural components thereof or other inherently permanent structures within the meaning of Treasury Regulation Section 1.856-3(d).