Equipment Owner definition

Equipment Owner means the Borrower or Owner Trustee.

Equipment Owner means the registered owner, lessee, licensee, or bailee of any piece of off-road equipment who operates or directs the operation of any such equipment on either a for-hire or not-for-hire basis. {effective May 1, 2010}

Equipment Owner means, in relation to a Metering System, the person which is the owner of that Metering System;

Examples of Equipment Owner in a sentence

• Provider, Equipment Owner and/or Facility Operator shall promptly notify Motor Carrier of any claim arising under Section F.4. which Provider, Equipment Owner and/or Facility Operator receives.

• Motor Carrier shall promptly notify Provider, Equipment Owner and/or Facility Operator of any claim arising against Motor Carrier under Section F.4, and shall also advise Provider, Equipment Owner and/or Facility Operator at that time of the legal defense undertaken regarding that claim.

• Failure of the Motor Carrier to timely provide such legal defense, and the undertaking of that legal defense by Provider, Equipment Owner and/or Facility Operator to protect such Party’s respective interests, shall result in the Motor Carrier’s bearing such reasonable attorney fees and costs incurred by the Provider, Equipment Owner and/or Facility Operator in providing such legal defense.

• If an application is submitted but determined to be ineligible, it will be cancelled, the reserved funds will be released, and the Equipment Owner will be notified via email.

• Equipment Owner has agreed to allow User to use the Equipment provided that the following terms and conditions are met.

More Definitions of Equipment Owner

Equipment Owner means the legal owner of the Equipment, being either Equipt or a person who has granted Equipt the right to rent the Equipment to third parties;

Equipment Owner means, in relation to a Metering System, a person which isthe owner of Metering Equipment comprised in that Metering System but is not the Registrant of that Metering System;

Equipment Owner means the legal owner of the Equipment, being either EquipmentShare or a person who has granted EquipmentShare the right to rent the Equipment to third parties;

Equipment Owner means the legal owner of the Equipment who has entered into an agreement;

Equipment Owner shall have the meaning set forth in the first paragraph of the Agreement.

Equipment Owner has the meaning given in clause 25.7 (“Particular exclusions: access to property”).

Equipment Owner means Borrower, any Owner Trustee or any Wholly-Owned Subsidiary of Borrower that complies with the requirements of Section 6.13.2. “ERISA” means the Employee Retirement Income Security Act of 1974 and the regulations thereunder. “ERISA Affiliate” means any trade or business (whether or not incorporated) which is a member of a “controlled group of corporations,” a group of trades or businesses under “common control,” or an “affiliated service group,” which includes Borrower within the meaning of Sections 414(b), (c), (m) or (o) of the Code. “Erroneous Payment” has the meaning set forth in Section 13.10.1. “Erroneous Payment Subrogation Rights” has the meaning set forth in Section 13.10.4. “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “Euro” means the single official currency of the participating member states of the European Monetary Union. “Event of Default” means any of the events specified in Section 9.1. “Event of Loss” means (i) if an Engine or item of Equipment is not subject to a Lease, any of the following events: (x) the actual or constructive total loss of such Engine or item of Equipment or the agreed or compromised total loss of such Engine or item of Equipment; (y) its destruction, damage beyond economic repair or being rendered permanently unfit for normal use for any reason whatsoever and (z) any capture, condemnation, confiscation, requisition, purchase, seizure or forfeiture of, or any taking for use or of title to, such Engine or item of Equipment, in each case, that shall have resulted in the loss of possession or title of such Engine or item of Equipment by the Lessor (other than a requisition for use for not more than one hundred eighty (180) days by the United States Government) and (ii) in addition, if an Engine or item of Equipment is subject to a Lease, any events defined as an “Event of Loss,” “Casualty Occurrence” or similar term in such Lease. An Event of Loss shall be deemed to have occurred on the earlier to occur of (a) Borrower’s or Administrative Agent’s (as applicable) receipt of insurance proceeds in respect of such Engine or Equipment and (b) the date that is forty-five (45) days after the date of such loss, damage or destruction. -28- Xxxxxx Lease Finance Corporation Fourth Amended and Restated Credit Agreement “Excluded Subsidiary” means, collectively and each individually, (i) each of WEST,...