Equipment Loan definition

Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

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Equipment Loan. Any commercial equipment loan secured by equipment used in the operation of a Mortgaged Property and listed on the Mortgage Loan Schedule.

Equipment Loan has the meaning set forth in Section 2.1.2.

Examples of Equipment Loan in a sentence

For the sake of clarification, as of the date hereof, the EXIM Loan is secured by a first security interest in the Export-Related Accounts Receivables, Export-Related Inventory, and Export-Related General Intangibles (as defined in the EXIM Loan Documents); the Equipment Loan is secured by a first security interest in the equipment purchased pursuant to the terms of the Equipment Loan; and Term Loan #1 and Term Loan #2 are secured by the remaining business assets.
The EXIM Loan, Equipment Loan, and this Loan are also secured with a junior interest in the remaining business assets of the Borrower that secure Term Loan #1 and Term Loan #2.
In addition, this Loan is secured by a junior security interest in any other personal property collateral securing any other present or future Obligations of Borrower to Bank (“Additional Collateral”), subject to the terms of priority set out in the loan documents evidencing such Obligations, including the Domestic LOC, Term Loan #1, Term Loan #2, and the Equipment Loan.

More Definitions of Equipment Loan

Equipment Loan means the loan or lease under the Equipment Loan Agreement.

Equipment Loan means that certain revolving line of credit from Bank to Equipment Loan Borrower in the aggregate original principal amount of up to Twenty Million and No/100 Dollars ($20,000,000.00), as further described in Section 9 hereinbelow.

Equipment Loan shall have the meaning given to such term in Section 2.03 hereof.

Equipment Loan means any loan or loans the proceeds of which are used to purchase Equipment.

Equipment Loan has the meaning set forth in Section 2.1.3.

Equipment Loan shall have the meaning provided in the Development Agreement.

Equipment Loan means any Loan requested by Borrower and funded by Lender to finance Borrower's acquisition or carrying of specific items of Equipment, software or tenant improvements.