Equipment Indebtedness definition

Equipment Indebtedness. Note", "Outstanding", "Participating Subsidiary", "Permitted Indebtedness", "Person", "Pledged Property", "Series X Debentures", "Trustee" and "Vehicle".

Equipment Indebtedness means Indebtedness incurred with a specialized leasing company, lender and/or supplier, to finance the acquisition cost of supplies, equipment and other consumables used in the Business, including without limitation, capitalized lease obligations and purchase money security financing, as identified in Schedule 3.8(b).

Equipment Indebtedness means Indebtedness incurred in respect of and secured by Rolling Stock.

Examples of Equipment Indebtedness in a sentence

• The Security Trustee shall be such Person as may be selected by the Borrower or any such holder of Equipment Indebtedness and who shall be entitled to act without qualification or who shall qualify to act as such under the Trust Indenture Act of 1939.

• Such security agreement or security agreements may provide, at the option of the Borrower, that the security interest granted to the Security Trustee shall terminate upon the termination of all other claims, liens, security interests and other encumbrances for the benefit of such other holder or holders of Equipment Indebtedness.

• The Parties shall cooperate to obtain a release of Owner and Sellers, as applicable, from the applicable Equipment Indebtedness at the time of its transfer and assumption.

• Until such transfer and assumption, the Parties shall cooperate to allow Buyer to make any payments required pursuant to such Equipment Indebtedness on behalf of Sellers.

• At the same time, the effective measures need to be taken to ban illegally imported cement, tax-evaded cement and bad quality cement into Vietnam.

More Definitions of Equipment Indebtedness

Equipment Indebtedness means, with respect to any Person, (a) all ---------------------- Indebtedness of such Person minus (b) Indebtedness of such Person secured by a lien on all or any part of the real property (including improvements thereon) owned by such Person; provided, that Indebtedness of such Person described in clause (b) above shall be excluded only to the extent that the amount of such Indebtedness does not exceed the greater of the cost or appraised value of the real property and improvements securing such Indebtedness, at the time such Indebtedness was incurred.

Equipment Indebtedness means the equipment financing loans and finance leases identified on Appendix D as in effect on the Closing Date and additional equipment financing loans and finance leases entered into by any Loan Party in the ordinary course of business after the Closing Date (including without limitation equipment financing with Mercedes-Benz Financial Services USA LLC disclosed in writing to Lenders prior to the effective date of the First Omnibus Amendment), as the same may be amended, modified, supplemented, replaced, renewed or refinanced from time to time in accordance with the terms of this Agreement and any Intercreditor Agreement.”

Equipment Indebtedness means the principal of (and premium, if any), unpaid interest on and amounts reimbursable, fees, expenses, costs of enforcement and other amounts due in connection with, (i) indebtedness of Company to banks, commercial finance lenders, insurance companies, leasing or equipment financing institutions or other lending institutions regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities), which is for the purchase of equipment and is secured solely by such equipment and proceeds thereof, or (ii) any indebtedness arising from the satisfaction of such Equipment Indebtedness by a guarantor. Without limiting the foregoing, "Equipment Indebtedness" expressly excludes Specified Senior Indebtedness.

Equipment Indebtedness. Note", "Outstanding", "Participating Subsidiary", "Permitted Indebtedness", "Person", "Pledged Property", "Series __ Debentures", "Series __ Mandatory Sinking Fund", "Series __ Optional Sinking Fund", "Sinking Fund Obligation", "Sinking Fund Payment Date", "Trustee" and "Vehicle".

Equipment Indebtedness means Indebtedness owed by an Acquired Business at the time of the Acquisition thereof, which Indebtedness was not incurred in contemplation of such Acquisition and is secured by assets of such Acquired Business 30 that are classified as "property, plant and equipment" in accordance with GAAP on the financial statements of such Acquired Business.

Equipment Indebtedness means Indebtedness incurred in respect of and secured by Rolling Stock. “ Equity Interests ” has the meaning set forth in the Recitals of this Agreement.

Equipment Indebtedness means, as of any date of determination, for the Company and the Company’s U.S. Subsidiaries, the portion of equipment loans or equipment capital leases, secured by Permitted Liens, which may be properly classified as current liabilities on a consolidated balance sheet of the Company in accordance with GAAP consistently applied in accordance with past practices.