Project Equipment. (A) The Borrower shall have the right to install, operate, use, remove and dispose of the Project Equipment in the normal and ordinary course of its business operations, and shall not be required to replace any item of Project Equipment which is discarded or sold for scrap. The Borrower shall not, however, either in one transaction or a series of transactions sell, convey, transfer, remove or otherwise dispose of more than 20% by value of the Project Equipment without prior notice to and the consent of the Authority, unless such Project Equipment is replaced by property of similar value and utility, provided that such dispositions may be made as permitted by the Mortgage while the Mortgage is in effect.
(B) The Borrower shall maintain with the Trustee separate and reasonably detailed descriptions of each item of property constituting the Project Equipment. Without limiting the foregoing, the Project Equipment list appended hereto at the date of execution and delivery of this Agreement shall be modified to the extent required by this Section in connection with any replacement of material items of Project Equipment under this Section or under Section 5.2 hereof.
Project Equipment. All items of machinery, equipment and parts or other personal property installed or acquired or to be acquired for installation in the Project Improvements or elsewhere on the Project Site, or for use in connection with the Company’s business, pursuant to Article IV hereof and paid for in whole or in part from the proceeds of Bonds and all replacements thereof and substitutions therefor made pursuant to this Lease Agreement.
Project Equipment. The Project Equipment consists of the following, to the extent paid for in whole with Bond proceeds:
Project Equipment. All equipment necessary to perform the Project and deliver the finished Product. Project Equipment that is specified in the Scope of Work as to be supplied by SPONSOR or that SPONSOR requires MOLECULAR MEDICINE to obtain for the Project is referred to as “Sponsor Equipment.”
Project Equipment. (A) The Borrower shall have the right to install, operate, remove and dispose of the Project Equipment in the normal and ordinary course of its business operations, and shall not be required to replace any item of Project Equipment which is discarded or sold for scrap. Except as provided in the immediately preceding sentence, the Borrower’s ability to dispose of the Project Equipment shall be governed by the provisions of Section 6.1 hereof.
(B) The Borrower shall maintain with the Trustee separate and reasonably detailed descriptions of each item of property constituting the Project Equipment. Without limiting the foregoing, the Project Equipment list appended hereto at the date of execution and delivery of this Agreement shall be modified to the extent required by this Section in connection with any disbursement for Project Equipment from the Project Fund and any replacement of material items of Project Equipment under this Section or under Section 5.2 hereof.
Project Equipment. 17 ARTICLE V CONDEMNATION DAMAGE AND DESTRUCTION Section 5.1. No Abatement of Payments Hereunder................................................ 18 Section 5.2. Project Disposition Upon Condemnation, Damage or Destruction...................... 18 Section 5.3. Application of Net Proceeds of Insurance or Condemnation..........................
Project Equipment. The Project Equipment consist of the following, to the extent paid for in whole with Xxxx proceeds: All items of machinery, equipment and parts or other personal property installed or acquired or to be acquired for installation in the Project Improvements or elsewhere on the Project Site. Requisition No. Date: The undersigned Authorized Company Representative xxxxxx states and certifies that:
Project Equipment. As long as Customer’s Short-Term or Long-Term Repayment Obligation, as applicable, remains outstanding, (i) Customer will keep all Project- related equipment free from any and all liens, claims, encumbrances, and the like; (ii) Customer will not grant a security interest in such equipment to any party without the prior written consent of Authority; (iii) the equipment will remain at the Facility site as designated in a CPC; (iv) Customer will not sell, offer for sale, transfer, or dispose of such equipment without notice to Authority; (v) Customer will not use or permit any person to use the equipment in a manner prohibited by law or in a manner which would void any manufacturer’s warranty; (vi) Customer agrees to maintain the equipment in good order and repair at all times, and will not waste or destroy the equipment or any part of it; and (vii) Customer will keep the equipment insured in accordance with the requirements set forth in Section 6.3 hereof.
Project Equipment. 4.1 Project rental of equipment, vehicles and tools. (Rates include maintenance, repair, and fuel). Equipment and truck time will be billed at the same hours as the crew. If a piece of equipment is not listed above, Contractor will submit a price, subject to Owner approval. •
4.2 Safety equipment, excluding PPE provided in item 3.3 above. • 4.3 Cost of vehicles, including on-Site pool vehicles, (auto or pick-up truck) for Contractor’s Key Personnel at Site or any third party location. •
Project Equipment. The equipment to be installed by a Borrower at the Project Site as part of the Project, and listed on Exhibit A attached hereto.
