Leased Subscriber Equipment definition

Leased Subscriber Equipment means all DSS(TM) subscriber equipment of Seller leased or rented to Subscribers, all accounts receivable arising therefrom and all records associated therewith.
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Leased Subscriber Equipment means all DSS(TM) subscriber equipment of Seller which is leased to Subscribers, which equipment shall be valued at its net book value, but in no event shall the aggregate value attributable thereto exceed Seventy Thousand Dollars ($70,000).
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Examples of Leased Subscriber Equipment in a sentence

  • From and after the date hereof, Seller covenants and agrees to use its best efforts to keep in full force and effect all leases or rentals of Leased Subscriber Equipment between Seller and Subscribers and shall refrain from taking, directly or indirectly, any action to encourage any Subscribers to terminate such leases.

  • In addition, the Closing Date Balance Sheet and the Final Closing Adjustment shall not include as a Current Asset any accounts receivable arising from Leased Subscriber Equipment.

  • Notwithstanding any other provisions of this Agreement, the parties hereto agree that all accounts receivable of Seller relating to the lease or rental of Leased Subscriber Equipment prior to or after the Closing Date shall remain the property of Seller and shall not be transferred hereunder.

  • Purchaser may, by providing Seller with written notice at least five (5) days prior to the Closing, elect to purchase all, or certain of, the DSS(TM) subscriber equipment owned by Seller (other than Leased Subscriber Equipment) on the Closing Date; provided, however, Purchaser shall not have the right to acquire any assets attributable to Seller's Electric Business.

  • In the event that after the Closing Date Purchaser collects any rental or lease payments from Subscribers of Leased Subscriber Equipment, Purchaser shall remit to Seller such payments within thirty (30) days after receipt thereof.

  • This Power of Attorney shall not affect Seller's right to receive revenues from the Leased Subscriber Equipment as provided for in Section 7.7 herein.

  • To the best of Seller's knowledge, none of the Leased Subscriber Equipment is in need of any repairs which are outside the ordinary course of maintenance and repairs routinely performed by Seller in the past.

  • Except as set forth in this Section 4.3(b), no other assets or liabilities shall be included in the Closing Date Balance Sheet, including, Leased Subscriber Equipment or Inventory.

  • The Closing Date Balance Sheet and the Final Closing Adjustment shall not include as a Current Asset any accounts receivable arising from Leased Subscriber Equipment.