Original Equipment Cost definition

Original Equipment Cost means (i) with respect to each Contract originated by DVI, the vendor's invoice price of the related Equipment at the time of origination of the related Contract and (ii) with respect to each Contract acquired by DVI from others, the amount recorded on DVI's records as paid by DVI to acquire such Contract and the broker's interest in the related Equipment.

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Original Equipment Cost means, with respect to any item of Portfolio Property, the original cost of such Portfolio Property as recorded in the books and records of any member of the Seller Group in accordance with the Accounting Principles.

Original Equipment Cost means, with respect to each Marine Container, an amount equal to the sum of (i) the vendor’s or manufacturer’s invoice price of such Marine Container, and (ii) all reasonable and customary inspection, transport, and initial positioning costs necessary to put such Marine Container in service.

Examples of Original Equipment Cost in a sentence

If neither Manager nor Owner knows the Original Equipment Cost of such Container, Manager shall estimate the Original Equipment Cost based on Manager’s knowledge of the Original Equipment Cost of other containers of similar age and type in Manager’s fleet.
The Issuer also hereby assigns to the Trustee, for the benefit of the Noteholders and the Trustee, its security interest in the Equipment (which shall be a first priority perfected security interest in Equipment other than Equipment relating to a Secured Equipment Note or Finance Lease and for which the Original Equipment Cost is less than $20,000) subject to the underlying equipment lease related to the Contracts and all of the Issuer's rights in all income, payments and proceeds related thereto.
The Original Equipment Cost of such Container shall be no greater than the cost of such Container recorded on the Seller’s books at the time of sale to the Issuer; and (ii) Specifications.
The Issuer also hereby assigns to the Trustee, for the benefit of the Noteholders, the Swap Providers and the Trustee, its security interest in the Equipment (which shall be a first priority perfected security interest in Equipment other than with respect to Equipment for which the Original Equipment Cost is less than $25,000) subject to the underlying equipment lease related to the Contracts and all of the Issuer's rights in all income, payments and proceeds related thereto.
An electronic copy of the following information, with respect to each of the Managed Containers as of the last day of each month: (i) the container identification number, the equipment type, the date of manufacture and the Original Equipment Cost and (ii) (A) if then on-lease, the name of the lessee, the number of the related Lease, the expiration date of such Lease, the type of Lease, the lease rate and buyout amount (if any) or (B) if then off-lease, the name and location of the depot in which stored.

More Definitions of Original Equipment Cost

Original Equipment Cost. With respect to a Managed Container, one of the following:

Original Equipment Cost. With respect to each Container, an amount equal to the sum of (i) the vendor’s or manufacturer’s invoice price of the related Container and any rebates thereon, (ii) all reasonable and customary inspection, transport, and initial positioning costs necessary to put such Container in service and (iii) reasonable acquisition fees and other fees not to exceed 2.5% of the amounts described in clauses (i) and (ii) above.

Original Equipment Cost means the invoice price of the Equipment, exclusive of amounts, if any, paid for taxes, warranty extensions or service contracts.

Original Equipment Cost. With respect to any Container, the sum of (i) the vendor's or manufacturer's invoice price of such Container and (ii) all reasonable and customary inspection, transport, and initial positioning costs necessary to put such Container in service.

Original Equipment Cost. With respect to any Container as of any date, an amount equal to the average, for all Issuer Containers of the same equipment type and year of manufacturer, the sum of (i) the greater of (A) the vendor’s or manufacturer’s invoice price of such Container and (B) with respect to those Containers owned by TAL, and TOCC immediately prior to the Closing Date that were acquired by TAL or TOCC prior to November 4, 2004 through an asset purchase or other acquisition, the purchase price allocated to a Container by TAL or TOCC, as applicable in the acquisition of such Container, plus (ii) reasonable and customary inspection, transport and initial positioning costs necessary to put such Container in service not to exceed three percent (3%) of the amount described in clause (i) above, plus (iii) the cost of any Capital Improvements made to such Container, by, or on behalf of, the Issuer which expenditures are capitalized in accordance with GAAP, provided however, that the aggregate amount of Capital Improvements that may be included in the calculation of the Aggregate Net Book Value as of any date of determination may not exceed an amount equal to five percent (5%) of the Aggregate Net Book Value, plus (iv) reasonable acquisition fees and other fees allocated by the Seller not to exceed two and one half percent (2.5%) of the amount described in clause (i) above.

Original Equipment Cost means, with respect to each Marine Container or Domestic Storage Container, an amount equal to the sum of (i) the vendor’s or manufacturer’s invoice price of the related Marine Container or Domestic Storage Container, and (ii) all reasonable and customary inspection, transport, and initial positioning costs necessary to put such Marine Container or Domestic Storage Container in service.

Original Equipment Cost means an amount equal to the sum of the manufacturer’s or vendor’s invoice of the related Container plus the cost of (i) positioning such Container (by means of ocean freight, trucking or rail) from its purchase location to any location where such Container is first put on Lease, (ii) initial certification, (iii) initial painting, repairs and decaling, if such Container is purchased used, (iv) cost of factory inspection, if any, conducted by Manager and (v) all other costs or expenses associated with taking title to and placing such Container into initial service, but excluding storage costs, foregone rental income (free days granted), damage protection plan costs incurred, and credits for pick-up or drop-off.