Eligible Rental definition

Eligible Rental means a completed rental eligible pursuant to Clause 13 to be taken into account to determine Rewards earned according the Loyalty Terms and Conditions.
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Eligible Rental. EQUIPMENT shall mean all Rental Equipment of the Borrower and its Wholly-Owned Subsidiaries held for sale or lease or leased by the Borrower as lessor in the ordinary course of business and not deemed by the Agent acting in its Permitted Discretion (after at least two Business Days' prior notice to Borrower by Agent) to be ineligible for inclusion in the calculation of the Borrowing Base. In any event, Eligible Rental Equipment shall account for reserves for Rental Equipment that is unrentable. In determining the amount to be so included, such Rental Equipment shall be valued on a net book value basis consistent with the Borrower's consolidated month-end balance sheet, LESS any reserves otherwise required by the Agent pursuant to Section 2.2(b), and LESS any Rental Equipment that the Agent determines to be ineligible pursuant to Section 2.2(b). Unless otherwise approved in writing by the Agent, no Rental Equipment shall be deemed Eligible Rental Equipment if:
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Eligible Rental. EQUIPMENT shall mean all Rental Equipment of the Qualified Credit Parties held for sale or lease or leased by the respective Qualified Credit Party as lessor in the ordinary course of business and not deemed by the Administrative Agent acting in its Permitted Discretion (after at least two Business Days' prior notice to Borrower by Administrative Agent) to be ineligible for inclusion in the calculation of the Borrowing Base. In any event, Eligible Rental Equipment shall account for reserves for Rental Equipment that is unrentable. In determining the amount to be so included, such Rental Equipment shall be valued on a net book value basis consistent with the Borrower's consolidated month-end balance sheet, LESS any reserves otherwise required by the Administrative Agent pursuant to Section 2.2(b), and LESS any Rental Equipment that the Administrative Agent determines to be ineligible pursuant to Section 2.2(b). Unless otherwise approved in writing by the Administrative Agent, no Rental Equipment shall be deemed Eligible Rental Equipment if:
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Examples of Eligible Rental in a sentence

  • The value of an Eligible Rental will be calculated in accordance with section 13(a).

  • At the end of each Year your Eligible Rental level and value returns to zero.

  • The following rentals will not be deemed an Eligible Rental for the purposes of the Avis Preferred Loyalty Programme and will not be taking into account when calculating Tiers or Rewards: airport transfers and chauffer drive, promotional rentals (such as competition prize winners, reward weekend vouchers), complimentary cars, Avis staff & family rentals, insurance and or leasing rentals, Budget Rent A Car rentals, tour operator or net rate rentals, rentals reserved through brokers.

  • Eligible Rental Production projects will be provided funding commitments upon Council approval and may be contingent upon the City’s receipt of the HUD Authority to Use Grant Funds form following completion of the Environmental Review process.

  • Notwithstanding anything in the Amended ABL Credit Agreement to the contrary, the parties hereto hereby agree that the Rental Equipment of Resun Chippewa, LLC shall be included in the U.S. General Asset Component of the U.S. Borrowing Base (to the extent such Rental Equipment otherwise would constitute U.S. Eligible Rental Equipment if it were owned by the Unit Subsidiary) for a period of thirty days after the Third Amendment Effective Date.

  • From time to time, each Seller may request Purchase Price Increases for the Transaction involving the Purchased Certificates in conjunction with the transfer of an Eligible REO Property, an Eligible Mortgage Loan or an Eligible Rental Property to a Seller Party Subsidiary as a result of the increase in Asset Value of the Purchased Certificates.

  • Subject to the terms and conditions set forth herein, from time to time, upon the request of a Borrower, Lender shall advance funds to Borrowers on a revolving basis through one or more Advances, which funds shall be used for the acquisition of certain Eligible Rental Properties and which Eligible Rental Properties shall be pledged to Lender to secure such advances.

  • Eligible Rental Fee: $5,000 Recommended Award: $3,000 East Valley Children’s Theatre: The winner of this year’s East Valley Children’s Theatre’s Aspiring Playwriting Contest (which received over 52 entries from around the world) is a play by Claire Howard of Mesa called Heroes of Olim, and will be a part of East Valley Children’s Theatre’s 2016-2017 season.

  • Data Bundle Standard and Data Bundle Pro are available with the CenturyLink IQ Networking Port bandwidths shown in the Eligible Rental CPE table below (each a “Data Bundle Port”).

  • Eligible Rental Fee: $2,232 Recommended Award: $0 Mesa Encore Theatre: Mesa Encore Theatre is requesting support for the full fiscal year 2015-16 season, which includes 68 scheduled performances at Mesa Arts Center.

Related to Eligible Rental

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;