Collateral Equipment definition

Collateral Equipment means the Digital Currency Miners purchased with loans provided by the Lenders under this Agreement or otherwise.
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Collateral Equipment means Equipment comprising part of the Collateral.
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Collateral Equipment means building support equipment and substantially affixed equipment/property that normally is required to make a facility useful and operable, and for which the removal would impair the usefulness, safety, or environment within the facility. It includes fixtures, facility systems and subsystems, building-type equipment, built-in equipment, and large substantially affixed equipment of a type normally installed as a part of a construction project or facility modification project.
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Examples of Collateral Equipment in a sentence

  • For Navy projects, coordinate the procurement documents with the Collateral Equipment Manager (CNI).

  • Therefore, applying this standard to the present case, it is clear that a statement that the Debtor owned three pieces of Collateral Equipment, by itself, speaks only to one component of the “equation of assets and liabilities” thatmake up his “financial condition.” In re Sansoucy, 136 B.R. at 23; but see Butler v.

  • I often worry I do not have things in common with others in my organization.

  • Here, the Court finds that Shaw neither actually nor reasonably relied on the false statements contained in the 2007 Security Agreement.17First, the unrebutted testimony is that Shaw advised the Debtor to sell some Collateral Equipment, particularly the MF Tractor, and witnessed at least one of the two sales while working in the yard.

  • Notably, the 2007 Security Agreement listed several items as Collateral Equipment that had been sold in 2004, including the Kristi trailer, the Ferris mower, and the Twose mower.

  • At trial, there was a considerable degree of confusion regarding the ownership of the Collateral Equipment.

  • Ultimately, when pressed, the Debtor identified the following Collateral Equipment as solely his: a Case tractor; a Dodge D600 truck; a Dodge pick-up truck; the MF Tractor; a Chevrolet dump truck; and a Kristi trailer.

  • As a result, the Debtor testified that Shaw advised him to downsize, and that their USDA loan officer, Lorna Wakefield, had informed Shaw that they could sell some of the Collateral Equipment so long as the collateral to loan ratio remained at least two-to-one.

  • According to an FSA Appraisal of Chattel Property dated July 20, 2005, the value of these items two years prior to the 2007 Security Agreement totaled $14,500.00.14 Neither the MF Tractor nor the Chevrolet dump truck is listed as Collateral Equipment under the 2007 Security Agreement.

  • Notably, the Collateral Equipment list also identified a “Twose” type mower manufactured by “Masse.” At trial, the Debtor testified that this description was inaccurate, explaining that the collateral in question was a mower attachment manufactured by Twose and used in conjunction with the MF Tractor.


More Definitions of Collateral Equipment

Collateral Equipment has the meaning set forth in the NYDIG Financing Agreement.
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Collateral Equipment means (a) the Collateral Mining Equipment, the Collateral Infrastructure Equipment, and all other infrastructure and mining equipment upon which the Collateral Agent has been or is required to have been granted a Lien in connection with this Agreement and the other Credit Documents, (b) all other goods and personal property related to such equipment, including, without limitation, any related software embedded therein or otherwise forming part thereof, and (c) any and all accessories, exchanges, improvements, returns, substitutions, parts, attachments, accessions, spare parts, replacements and additions thereto, and all proceeds thereof, in each case, other than Excluded Assets.
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Related to Collateral Equipment

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Additional Equipment means equipment that is not factory fitted in the Vehicle, including but not limited to navigation equipment (GPS), baby seat, bicycle rack etcetera;

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Fixed Equipment means any property affixed in any way to the Licensed Premises existing at the time Notice to Proceed is given, whose removal would damage the Licensed Premises.

  • Farm equipment means equipment used directly for farming

  • Existing Equipment means equipment, machines, devices or installations that are in operation prior to September 23, 1970.

  • Terminal Equipment means all telephone instruments, including pay telephone equipment, the common equipment of large and small key and PBX systems and other devices and apparatus, and associated wirings, which are intended to be connected electrically, acoustically or inductively to the telecommunication system of the telephone utility.

  • Accessory equipment means any equipment associated with the installation of a wireless telecommunications facility, including but not limited to cabling, generators, fans, air conditioning units, electrical panels, equipment shelters, equipment cabinets, equipment buildings, pedestals, meters, vaults, splice boxes, and surface location markers.

  • Control equipment means equipment necessary for the setting and/or unsetting of an immobilizer.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Electrical equipment means underground equipment that contains dielectric fluid that is necessary for the operation of equipment such as transformers and buried electrical cable.

  • Load Control Equipment means the equipment (which may include, but is not limited to, ripple receivers and relays) that is from time to time installed in, over or on Consumer’s Premises for the purpose of receiving signals sent by Load Signalling Equipment and switching on and off, or otherwise controlling, controllable load;

  • School equipment means a durable school-owned machine, equipment, or tool used by a student as part of an activity, course, or program in a secondary school and includes a saw or 3D printer. “School equipment” includes a saw or 3D printer.

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • Port Cargo Handling Equipment means rubber-tired gantry cranes, straddle carriers, shuttle carriers, and terminal tractors, including yard hostlers and yard tractors that operate within ports.

  • Mobility enhancing equipment means equipment, other than durable medical equipment or a motor vehicle or equipment on a motor vehicle normally provided by a motor vehicle manufacturer, dispensed pursuant to a prescription, including repair or replacement parts for that equipment, that is all of the following:

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred:

  • Excluded Equipment means, at any date, any equipment or other assets of the Borrower or any Guarantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings or any Restricted Subsidiary of Holdings contained in the agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an assignment thereof, or a grant of a security interest therein, by the Borrower or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Borrower or any Guarantor with the proceeds of such Capitalized Lease Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets.

  • X-ray equipment means an x-ray system, subsystem, or component thereof. Types of x-ray equipment are as follows:

  • Movable equipment means a hand-held or non-hand-held machine or device, powered or unpowered, that is used to do work and is moved within or between work sites.

  • Designated Equipment means either: (i) a server identified by serial number, or host I.D. on which the Licensed Materials are stored; or (ii) a computer or workstation, as identified by its serial number, host I.D. number or Ethernet address; to which the Licensed Materials are downloaded and Used only upon the issuance of a License Key. The Designated Equipment shall be of a manufacture, make and model, and have the configuration, capacity (i.e., memory/disk), operating software version level, and pre- requisite and co-requisite applications, prescribed in the Documentation as necessary or desirable for the operation of the Software.

  • Collateral has the meaning set forth in Section 2.

  • Metering Equipment means all metering equipment installed at the metering points designated in the appropriate appendix to an Interconnection Service Agreement. Minimum State of Charge:

  • Equipment is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing.

  • Stationary x-ray equipment means x-ray equipment which is installed in a fixed location.

  • Optional equipment means all the features not included in the standard equipment which are fitted to a vehicle under the responsibility of the manufacturer, and that can be ordered by the customer.