Lost Equipment definition

Lost Equipment means any Equipment which the Customer fails to return in accordance with the Agreement or notifies CSE Crosscom has been lost or is unable to make available for CSE Crosscom’s inspection within 7 days of a request from CSE Crosscom for such an inspection to take place.
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Lost Equipment means any Equipment which the Customer fails to return in accordance with the Agreement or notifies CSE Genesis has been lost or is unable to make available for CSE Genesis’ inspection within 7 days of a request from CSE Genesis for such an inspection to take place.
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Lost Equipment has the meaning given to it in Section 15.11.
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Examples of Lost Equipment in a sentence

  • On the next rent payment date following a Total Loss (a “Loss Payment Date”), Lessee shall pay to Lessor the Basic Rent due on that date plus the Stipulated Loss Value of the item or items of the Equipment with respect to which the Total Loss has occurred (the “Lost Equipment”), together with any Other Payments due hereunder with respect to the Lost Equipment.

  • Upon payment by Borrower of all amounts due under the above clause (2), the security interest of the Lender in the Lost Equipment will terminate.

  • The applicable deductible is set forth in the deductible schedule below.Line-Based CoverageDeductibles Applicable to Each Replacement Due to Theft or Lost EquipmentEquipment CategoryDeductibleAn additional non-returned equipment charge may apply (See Section IX.D) for causes other than Theft or Lost Equipment if You fail to return the Equipment as directed at the time of Loss.

  • Upon payment by Lessee of all amounts due under the above clause (2), the lease of the Lost Equipment will terminate and Lessor shall transfer to Lessee all of Lessor's right, title and interest in such Equipment on an "as-is, where-is" basis with all faults, without recourse and without representation or warranty of any kind, express or implied.

  • Upon payment by Borrower of all amounts due under the above clause (2), all security interests of the Lender in the Lost Equipment, including those under the International Registry, will terminate.

  • As used in this Lease, “Stipulated Loss Value” shall mean the product of the Total Invoice Cost of the Lost Equipment, times the percentage factor applicable to the Loss Payment Date, as set forth in the Schedule of Stipulated Loss Values incorporated in such Schedule.

  • If Lessee is making such payment with respect to less than all of the Equipment under a Lease, then Lessor will provide Lessee with the pro rata amount of the Termination Value to be paid by Lessee with respect to the Lost Equipment.

  • If Lessee is making such payment with respect to less than all of the Equipment under a Lease, then Lessor will provide Lessee with the pro rata amount of the Rent Payment and Termination Value to be paid by Lessee with respect to the Lost Equipment.

  • Any additional incidents are subject to repair costs and fines listed below in the “Table of Estimated Pricing for Intentional Damage, Lost Equipment, Uninsured, and 3+ Incidents”.

  • Upon making such payment, (i) Lessee’s obligation to pay future Basic Rent shall terminate solely with respect to the items of Lost Equipment so paid for, but Lessee shall remain liable for, and pay as and when due, all Other Payments, and (ii) Lessor shall convey to Lessee all of Lessor’s right, title and interest in the Lost Equipment, “AS IS WHERE IS”, but subject to the requirements of any third party insurance carrier in order to settle an insurance claim.


More Definitions of Lost Equipment

Lost Equipment means Equipment which is not delivered up to AS at the end
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Lost Equipment means Equipment which is not delivered up to SFEG at the end of the Hire Period, and which is no longer in possession of the Hirer because it has been lost or stolen; "Reparable Damage" means damage which has occurred to the Equipment and which in the opinion of SFEG can be repaired by SFEG at an aggregate cost for all damaged Equipment hired under each hire contract of the lesser of (i) 60% of the replacement cost of the Equipment calculated by reference to the Equipment Manufacturers current list prices for the nearest equivalent replacement models and applying the SFEG then current published charging rates for its repair engineers, together with material, at cost plus 15% and (ii) £3,000; "Site" means the place at which the Hirer wishes to use Equipment hired or Services rendered by SFEG, and which place has been notified in writing to as before commencement of the hire period; "Variation" means any of the following provided it is agreed between the Parties:
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Lost Equipment means any Equipment which the Customer fails to return in accordance with the Agreement or notifies RCS Telecommunications has been lost or is unable to make available for RCS Telecommunications’ inspection within 7 days of a request from RCS Telecommunications for such an inspection to take place.
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Related to Lost Equipment

  • BT Equipment means any equipment, including any Software, owned by or licensed to BT Group that is located at a Site for the provision of a Service.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • 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.

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Airport Ground Support Equipment means vehicles and equipment used at an airport to service aircraft between flights.

  • 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.

  • fall arrest equipment means equipment used to arrest a person in a fall, including personal equipment, a body harness, lanyards, deceleration devices, lifelines or similar equipment;

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

  • Equipments and ‘Plants’ shall mean and include all sorts of machineries and accessories, apparatus, instruments, components manufactured articles and parts etc. to be supplied or provided by the contractor under the terms of the contract , unless otherwise specified

  • Farm equipment means equipment used directly for farming

  • Metering Equipment means all metering equipment installed at the metering points designated in the appropriate appendix to an Interconnection Service Agreement.

  • 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.

  • Systems and Equipment means any plant (including any central plant), machinery, transformers, duct work, cable, wires, and other equipment, facilities, and systems designed to supply heat, ventilation, air conditioning and humidity or any other services or utilities, or comprising or serving as any component or portion of the electrical, gas, steam, plumbing, sprinkler, communications, alarm, lab, security, or fire/life safety systems or equipment, or any other mechanical, electrical, electronic, computer or other systems or equipment which serve the Building and/or any other building in the Project in whole or in part.

  • Tooling means tools funded or provided by the Buyer.

  • Company Equipment means all equipment supplied by the Company to the Contractor, to use in the performance of the Work and which is specified in the Contract as “Company Equipment”.

  • X-ray equipment means an x-ray system, subsystem, or component thereof. Types of x-ray equipment are as follows:

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Computer equipment means Covered Property that is electronic computer or other data processing equipment, including peripherals used in conjunction with such equipment, and electronic media and records.

  • Leased Equipment means the computers, servers, machinery and equipment and other tangible personal property leased by Seller for use in the operation or conduct of the Business.

  • 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.

  • Computer Hardware means any computer hardware, equipment and peripherals of any kind and of any platform, including desktop and laptop personal computers, handheld computerized devices, servers, mid-range and mainframe computers, process control and distributed control systems, and all network and other communications and telecommunications equipment.

  • CONSTRUCTION EQUIPMENT means all appliances and equipment of whatsoever nature for the use in or for the execution, completion operation or maintenance of the work unless intended to form part of permanent work.

  • 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:

  • Interconnection equipment means a group of components or an integrated system owned and operated by the interconnection customer that connects an electric generator with a local electric power system, as that term is defined in Section 3.1.6.2 of IEEE Standard 1547, or with the electric distribution system. Interconnection equipment is all interface equipment including switchgear, protective devices, inverters or other interface devices. Interconnection equipment may be installed as part of an integrated equipment package that includes a generator or other electric source.

  • Third Party Equipment has the meaning given such term in Section 4.8 of this Agreement.

  • Equipment Room means a space intended for the operation of pool pumps, filters, heaters and controllers.