Common use of PRICE OF EQUIPMENT Clause in Contracts

PRICE OF EQUIPMENT. The cost of each item of Equipment does not exceed the fair and usual price for such type of equipment purchased in like quantity and reflects all discounts, rebates and allowances for the Equipment (including, without limitation, discounts for advertising, prompt payment, testing, or other services) given to the Borrower by the manufacturer, supplier, or any other person.

Appears in 25 contracts

Samples: Annual Report, Master Loan and Security Agreement (Biotransplant Inc), Financing Agreement (Pacific Biometrics Inc)

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PRICE OF EQUIPMENT. The To Borrower's knowledge, the cost of each item of Equipment does not exceed the fair and usual price for such type of equipment purchased in like quantity and reflects all discounts, rebates and allowances for the Equipment (including, without limitation, discounts for advertising, prompt payment, testing, or other services) given to the Borrower by the manufacturer, supplier, or any other person.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Aquila Biopharmaceuticals Inc)

PRICE OF EQUIPMENT. The cost of each item of Equipment does not exceed the fair and usual price for such type of equipment purchased in like quantity and reflects all discounts, rebates and allowances for the Equipment (including, without limitation, discounts for advertising, prompt payment, testing, or other services) ), given to the Borrower by the manufacturer, supplier, or any other person.

Appears in 1 contract

Samples: Loan Agreement (Jfax Com Inc)

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PRICE OF EQUIPMENT. The To the best of Borrower's knowledge, the cost of each item of Equipment does not exceed the fair and usual price for such type of equipment purchased in like quantity and reflects all discounts, rebates and allowances for the Equipment (including, without limitation, discounts for advertising, prompt payment, testing, or other services) given to the Borrower by the manufacturer, supplier, or any other person.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Pharsight Corp)

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