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. Each Contractor and its Subcontractor(s) will supply all necessary equipment and take the required precautions to maintain the equipment according to the current regulations and Contract Documents. The Contractor shall accept the responsibility to assure that all of the necessary safety equipment is supplied and used as required.
B. Each Contractor shall clearly mark its name on each and every piece of its equipment on-site. The name shall be marked in a place on the equipment that is clearly visible.
C. All tools, saws and mechanical equipment utilized by the Contractor shall have protective safety devices in operating order when using the 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. The Project Equipment consists of the following, to the extent paid for in whole with Xxxx proceeds: Equipment installed at the Project Site in connection with the addition of a new bottling line. Requisition No. Date: The undersigned Authorized Company Representative xxxxxx states and certifies that:
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. (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.
(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. The equipment located at the properties owned by ----------------- the Companies is sufficient to permit the full operation of the improvements for their respective intended purposes.
