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.

Equipment Loan has the meaning specified in Section 2.01(b).

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

Examples of Equipment Loan in a sentence

• On a monthly basis, Lender shall render a statement for the Equipment Loan Account, which statement shall be considered correct and accepted by Borrower and conclusively binding upon Borrower unless Borrower notifies Lender to the contrary within ten (10) days of the receipt of said statement by Borrower.

• The Information Technology Improvements and Equipment Loan Agreement is proposed to be entered into pursuant to authority contained in Sections 331.402, 331.441 and 331.443 of the Code of Iowa and will constitute a general obligation of the County.

• After receiving objections, the Board of Supervisors may determine to enter into the Ambulance Equipment Loan Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter.

• The Equipment Loan, secured by certain mobile equipment at Essakane, matures on June 27, 2024 and is repayable in quarterly installments starting September 27, 2019.

• The Ambulance Equipment Loan Agreement is proposed to be entered into pursuant to authority contained in Sections 331.402, 331.441 and 331.442 of the Code of Iowa and will constitute a general obligation of the County.

More Definitions of Equipment Loan

Equipment Loan means any Loan requested by Borrower and funded by Lender under its Commitment to finance Borrower’s acquisition or carrying of specific items of Eligible Equipment, and subject to Section 1(b), Soft Costs. Equipment Loans are sometimes referred to herein individually as a “Loan” and collectively as the “Loans”.

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 means the loan or lease under the Equipment Loan Agreement.

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

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.

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

Equipment Loan means the loan to be made (or deemed made) to the Borrower by the Equipment Lender pursuant to the Equipment Loan Agreement for the purposes of purchasing certain equipment for the Vessel.