Future Equipment definition

Future Equipment has the meaning given to it in clause 17.3;
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Future Equipment means all equipment and asset purchases made by LEP, a Project SPE or a Project SPE’s Trustee during the Term of an Ancillary Agreement as a part of any Improvements, Renewal Work or Replacement Work under such Ancillary Agreement.
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Examples of Future Equipment in a sentence

  • Fiscal Impact: Proceeds of Surplus will be Deposited into Each departments Equipment Revolving Fund for Future Equipment Replacement.

  • The Equipment Term Loan constitutes, in part, a refinancing of the principal balance outstanding under (i) that certain Installment Note dated as of September 24, 1998 in the original principal amount of $3,000,000.00 and (ii) that certain Installment Note (Future Equipment Acquisitions) dated as of September 24, 1998 in the original principal amount of $2,000,000.00.

  • Landlord also reserves the right to install and operate new or modified communications equipment on the Tower or Property for its own uses ("Future Equipment").

  • Such Future Equipment shall be acquired in the name of the Customer and title shall vest in the Customer and, unless agreed to the contrary pursuant to the Contract Change Control Procedure, the Customer shall pay the vendor directly for such Future Equipment.

  • Selection Criteria and Barriers for Future Equipment Purchases.1-13 1.2.8 Conclusions from the Participant Survey.

  • Senior Debt is recourse only to, and secured only by, the Equipment or Future Equipment, as applicable, and the User Leases and contains no cross-collateral or cross-default provisions with respect to other indebtedness of PDS nor to any other Senior Debt or any other party to any Document.

  • Tenant's Satellite Equipment and any associated future installations (referred to herein as "Tenant's Future Equipment") shall be subject to such conditions with respect to the installation, operation and maintenance thereof as may reasonably be imposed by Owner, including, but not limited to, those conditions set forth in Subdivision A of this Section 4.02.

  • The contractual penalty, to be paid by the Borrower to the Lender, for non-compliance with obligation to effectuate Collateral portion to the Future Equipment is set at 25% from the Loan Amount; the penalty must be immediately paid by the Borrower on its own motion, once the deadline for establishment of the Collateral portion on the Future Equipment has passed.

  • PDS shall have the authority under Section 8.1 and this section to execute any and all necessary or advisable documents to consummate any remarketing of the Equipment or Future Equipment approved in accordance herewith, including to execute leases or sales agreements.

  • During the term of this Agreement PDS will bear all costs of insuring, maintaining and storing the Equipment or Future Equipment when it is not on lease to a User pursuant to a User Lease, which imposes such obligations on that User.

Related to Future Equipment

  • Existing Equipment means any items of existing plant or equipment owned or controlled by either Pur- chaser or End-User upon which Supplier is required to perform Services.

  • Associated equipment means equipment that is used in conjunction with a radiographic exposure device to make radiographic exposures that drives, guides, or comes in contact with the source, e.g., guide tube, control tube, control (drive) cable, removable source stop, “J” tube and collimator when it is used as an exposure head.

  • Equipment is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • Mobility enhancing equipment means equipment, other than durable medical equipment or a motor vehicle or equipment on a motor vehicle normally provided by a motor vehicle manufacturer, dispensed pursuant to a prescription, including repair or replacement parts for that equipment, that is all of the following: