Property and Equipment definition

Property and Equipment shall have the meaning assigned thereto in SECTION 2.1(b)(ix).

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Property and Equipment means the book value of all property and equipment of Hyatt and its Subsidiaries, without giving effect to depreciation and amortization, determined on a consolidated basis in accordance with GAAP, and as set forth in the most recent financial statements of Hyatt available to the Lenders, giving pro forma effect to acquisitions and dispositions of property and equipment effected since the date of such financial statements.

Property and Equipment has the meaning specified in Section 2.1.4.

Examples of Property and Equipment in a sentence

Lessee shall secure and maintain or cause to be secured and maintained at all times with insurers of recognized responsibility or, with the prior written consent of Lessor, through a program of self-insurance, all coverage with respect to the Property and Equipment required by this Section.
Such insurance shall be payable to Lessor in amounts proportionate to Lessee's loss of use of the Property and Equipment and the corresponding rental abatement, if any, and shall supplement Lessee's applicable Base Rental Payments, if any, during the restoration period in sufficient amount to make Lessor whole.
There is hereby subject to the terms of this Lease Agreement the following described Property and Equipment as shown in Exhibit A of the Master Lease/Purchase Agreement.
In the event of abatement, the amount of abatement will be such that the resulting rental payment represents fair consideration for the use of the portions of the Property and Equipment as to which damage, destruction, or loss of use, does not substantially interfere with the use and right of possession of Lessee.
Lessor hereby demises leases and lets to Lessee, and Lessee rents, leases and hires from Lessor, the Property and Equipment, in accordance with the provisions of the Lease Agreement, to have and to hold for the Term.

More Definitions of Property and Equipment

Property and Equipment means the dollar amount shown as "Property, Equipment and Leasehold Improvements" on the balance sheet of the Company as of the Applicable Financial Test Date delivered by the Company pursuant to Paragraph 9(a)(2) of the Agreement.

Property and Equipment the dollar amount shown as "Property, Equipment and Leasehold Improvements" on the balance sheet of the Borrower as of the relevant Applicable Financial Test Date.

Property and Equipment means the book value of all property and equipment of the Borrower and its Subsidiaries, without giving effect to depreciation and amortization, determined on a consolidated basis in accordance with GAAP, and as set forth in the most recent financial statements of the Borrower available to the Lenders, giving pro forma effect to acquisitions and dispositions of property and equipment effected since the date of such financial statements.

Property and Equipment less "accumulated depreciation" of MACtel, and (iii) "Total Fixed Assets" of ATU-LD, in the case of (ii) and (iii) as such terms are used in the Interim Financial Statements, included in the Assets transferred pursuant hereto, computed in accordance with generally accepted accounting principles applied on a consistent basis with the Interim Financial Statements. At the Closing, the Seller shall provide to the Buyer a good faith estimate of the Cash and Net Plant Adjustment, certified by the Chief Financial Officer of the Seller, and the payment on the Closing Date described in Section 2.2(b) shall be based on such good faith estimate. Within 5 days after the Report (as defined in Section 2.6) becomes final and binding, the Seller shall pay to the Buyer or the Buyer shall pay to the Seller without interest, the amount of any differences between the estimated Cash and Net Plant Adjustment and the Cash and Net Plant Adjustment as determined from the Report. Such payment shall be by wire transfer of immediately available funds to a bank account designated in writing by the recipient of such payment.

Property and Equipment has the meaning specified in Section 2.01 of this Agreement.

Property and Equipment consists of all of the following items: (a) Demonstration/Sample Seats [no allocation] (b) Tooling (c) Computers (d) Manufacturing Equipment ---------- TOTAL $ 608,000 ==========

Property and Equipment means the property described in Paragraph B of a Supplement and which is the subject of a Lease Agreement.