GE Capital Equipment definition

GE Capital Equipment is defined in Section 2.2.
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GE Capital Equipment means those items of equipment purchased by U.S. Plastic Lumber Ltd. or The Eaglebrook Group, Inc. with proceeds of loans advanced by GE Capital to such parties and which are listed on the GE Capital Collateral Schedules.
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Examples of GE Capital Equipment in a sentence

  • Seller has advised Buyer that certain of the Personal Property to be owned by Owner Entity at Closing, currently listed on Exhibit C-1 (the "GE Capital Equipment") is leased from General Electric Capital.

  • Before Closing Seller agrees to acquire the GE Capital Equipment listed on Exhibit C-1 from GE Capital, and if Seller is successful, the Purchase Price to Seller shall be increased by the amount Seller or Owner Entity pays to GE Capital for acquiring the GE Capital Equipment, which amount shall be approximately the amount set forth on Exhibit C-1.

  • This Agreement secures and the GE Capital Equipment Collateral is collateral security for the prompt payment or performance in full when due, whether at stated maturity, by acceleration or otherwise, of all the Secured Obligations and all renewals thereof, whether for principal, interest, fees, expenses or otherwise, whether now existing or hereafter arising (the "CREDIT AGREEMENT OBLIGATIONS").

  • As a result of lengthy negotiations, GE Capital consented to the Debtors' rejection of the aforementioned equipment schedules, and the Debtors agreed to purchase certain equipment from GE Capital that is necessary for the Debtors' business operations (the "GE Capital Equipment") for the total purchase price of $319,800.00.

  • On the Effective Date, the following executory contracts and unexpired leases will be rejected: Balboa Capital Equipment Lease GE Capital Equipment Lease The order confirming the Plan shall constitute an order approving the rejection of the lease or contract.

  • Upon the indefeasible payment in full of the Credit Agreement Obligations, the security interest granted hereby shall terminate and all rights to the GE Capital Equipment Collateral shall revert to the Grantors.

  • The Grantors shall at all times maintain the GE Capital Equipment Collateral in good working order and condition, ordinary wear and tear excepted.

  • The Grantors own the GE Capital Equipment Collateral free and clear of any Lien other than Permitted Liens, senior Liens in favor of GE Capital and the junior security interest granted hereby, and the Grantors will defend the GE Capital Equipment Collateral against all other claims and demands.

  • As security for the Secured Obligations, the Grantors transfer and assign to the Agent, for the benefit of Citicorp in its capacity as Administrative Agent for the Lenders, and grant to the Agent, for the benefit of Citicorp in its capacity as Administrative Agent for the Lenders, a lien on and security interest in the GE Capital Equipment Collateral, subject to existing liens in favor of GE Capital and any other Permitted Liens.

  • Except for the safe custody of any GE Capital Equipment Collateral in its possession and the accounting for monies actually received by it hereunder, the Agent shall have no duty as to any GE Capital Equipment Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any GE Capital Equipment Collateral.

Related to GE Capital Equipment

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred:

  • Terminal Equipment means all telephone instruments, including pay telephone equipment, the common equipment of large and small key and PBX systems and other devices and apparatus, and associated wirings, which are intended to be connected electrically, acoustically or inductively to the telecommunication system of the telephone utility.

  • Electrical equipment means underground equipment that contains dielectric fluid that is necessary for the operation of equipment such as transformers and buried electrical cable.

  • Load Control Equipment means the equipment (which may include, but is not limited to, ripple receivers and relays) that is from time to time installed in, over or on Consumer’s Premises for the purpose of receiving signals sent by Load Signalling Equipment and switching on and off, or otherwise controlling, controllable load;

  • Farm equipment means equipment used directly for farming

  • Control equipment means equipment necessary for the setting and/or unsetting of an immobilizer.

  • Additional Equipment means equipment that is not factory fitted in the Vehicle, including but not limited to navigation equipment (GPS), baby seat, bicycle rack etcetera;

  • Medical equipment means equipment used in a patient care environment to support patient treatment and diagnosis.

  • Original equipment manufacturer means a company that manufactures products that it has designed from purchased components and sells those products under the company's brand name.

  • Accessory equipment means any equipment associated with the installation of a wireless telecommunications facility, including but not limited to cabling, generators, fans, air conditioning units, electrical panels, equipment shelters, equipment cabinets, equipment buildings, pedestals, meters, vaults, splice boxes, and surface location markers.

  • 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.

  • Movable equipment means a hand-held or non-hand-held machine or device, powered or unpowered, that is used to do work and is moved within or between work sites.

  • Service Equipment means any equipment, Software, systems, cabling and facilities provided by or on behalf of Verizon and used to facilitate provision of the Services at a Customer Site. Ownership of the Service Equipment does not pass to Customer. Service Equipment does not include Verizon Facilities.

  • Optional equipment means all the features not included in the standard equipment which are fitted to a vehicle under the responsibility of the manufacturer, and that can be ordered by the customer.

  • Existing Equipment means equipment, machines, devices or installations that are in operation prior to September 23, 1970.

  • Material Equipment means such equipment, which, acting in accordance with a Reasonable and Prudent Standard, the Generator could reasonably be expected to have ordered and/or concluded a supply agreement in respect of in accordance with the Target Commissioning Date, and in any event, such equipment shall include the major scheme components.

  • Durable medical equipment means equipment which:

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • On-site generation facility means a generation facility,