Equipment Accounts definition

Equipment Accounts means accounts (accounts receivable) arising from the sale or other transfer of equipment that was financed (in whole or in part) by one or more Equipment Term Loan Advance(s).
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Examples of Equipment Accounts in a sentence

  • Collateral: Inventory, Equipment, Accounts, Other and Motor Vehicles.

  • All payments on Equipment Accounts shall be made to the Equipment Term Loan Lockbox.

  • All invoices for equipment giving rise to Equipment Accounts shall clearly direct all account debtors to remit all payments in respect of such equipment to the Equipment Term Loan Lockbox.

  • At Lender’s request, Borrowers shall promptly enter into one or more factoring arrangement(s) acceptable to Lender with respect to some or all of the Equipment Accounts.

  • Deutsche Bank AG New York Branch Inventory, Equipment, Accounts, Other, Motor Vehicle Included 621265725/ 20051213 1410 1590 8747 20051220 1343 1590 9204 Expiry Date: December 13, 2013 An amendment was registered December 20, 2005 to amend the Debtors’ postal code.

  • The Obligor hereby authorizes the Collateral Agent to file any such financing statements without the signature of the Obligor where permitted by law (and such authorization includes describing the Collateral as Inventory, Equipment, Accounts, Other and Motor Vehicles Included or all of the present and after-acquired personal property of the Obligor, as applicable in such jurisdiction).

  • In the event any amounts constituting the payment of any Equipment Accounts are received by a Borrower, one hundred percent (100%) of such amounts shall promptly (but in any event within one (1) Business Day of receipt thereof by such Borrower) be wired to Lender in immediately available funds for application to the Equipment Term Loan and other Secured Obligations as provided in this paragraph (a)(vi).

  • Such Borrower has no knowledge of any actual or imminent insolvency proceeding of any account debtor whose accounts constitute Equipment Accounts.

  • PERSONAL PROPERTY COLLATERAL -- all of the Goods, Equipment, Accounts, Inventory, Instruments, Documents, Chattel Paper, General Intangibles and other personal property of Borrower, whether now owned or hereafter acquired, and all proceeds thereof, in which Administrative Agent at any time holds a Security Interest for the benefit of Lenders.

  • Deutsche Bank AG New York Branch Inventory, Equipment, Accounts, Other, Motor Vehicle Included 662558598/ 20100630 1010 1590 5055 Expiry Date: June 30, 2020 Wittmann Canada Inc.