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: Employment Agreement, Master Loan and Security Agreement (Biotransplant Inc), Master Loan and Security Agreement (Ostex International Inc /Wa/)

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PRICE OF EQUIPMENT. The To the 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 3 contracts

Samples: Master Loan and Security Agreement (Pilot Network Services Inc), Master Loan and Security Agreement (Pilot Network Services Inc), Master Loan and Security Agreement (Sonoma Systems)

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)

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: Master Loan and Security Agreement (Jfax Com Inc)

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)

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PRICE OF EQUIPMENT. The cost price of each item of Equipment paid by Borrower does not exceed the fair and usual price for such type of equipment purchased in like quantity and and, to the Borrower's knowledge after inquiry, 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 (Aclara Biosciences Inc)

PRICE OF EQUIPMENT. The To the knowledge of Borrower, 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, manufacturer or supplier, or any other person.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Lynx Therapeutics Inc)

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