Revenue Equipment definition

Revenue Equipment means, with respect to any Person, trucks, tractors, trailers, city tractors, converter gears and all accessories and parts attached thereto, owned by such Person as of the date of determination free and clear of all Liens other than Permitted Liens.

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Revenue Equipment means that Property of the Borrower or any Subsidiary which is so designated on the Borrower's consolidated balance sheets provided to the Lenders under Section 6.1(i) and (ii), exclusive of any real property which may fall under such designation.

Revenue Equipment all Equipment that would typically be subject to a certificate of title and that is (a) owned by a Borrower, and (b) is used in the conduct of a Borrower’s business as a means of producing revenue.

Examples of Revenue Equipment in a sentence

• Each of the Eligible Revenue Equipment, the Treadco Shares and the Eligible Receivables shall be subject to an Acceptable Security Interest in favor of the Agent for the benefit of the Banks until the Liens held by the Agent for the benefit of the Banks upon the Collateral have been released pursuant to Section 2.17(f).

• Each Grantor agrees that it shall not sell, assign, or otherwise dispose of any Collateral other than Revenue Equipment sold in the ordinary course of such Grantor's business and in accordance with the terms of the Credit Agreement without the prior written consent of the Agent and the Majority Banks.

• All certificates of title with respect to the Revenue Equipment owned by the Grantor will be maintained by the Custodians (as defined in Section 4.9 of this Security Agreement) at the address of the Grantor referenced on Schedule 2.17 in the Credit Agreement.

• All certificates of title with respect to the Revenue Equipment owned by such Grantor will be maintained by the Custodians (as defined in Section 4.9 of this Security Agreement) at the address referenced for such Grantor on Schedule 2.17 to the Credit Agreement.

• All Revenue Equipment which, under applicable law, is required to be registered, is properly registered in the name of the Grantor or, in the case of newly acquired Revenue Equipment, the Grantor is diligently pursuing the process of causing such Revenue Equipment to be registered in the Grantor's name.

More Definitions of Revenue Equipment

Revenue Equipment means tractors and trailers used in the ordinary course of business and tagged and permitted to be used in the ordinary course of business.

Revenue Equipment means tractors and trailers and associated attachments of all types used by the Borrower or its Subsidiaries for the transportation of goods for its customers in the ordinary course of its business.

Revenue Equipment means all titled tractors and trailers owned by any Loan Party and used in the operation of such Loan Party’s business.

Revenue Equipment means tractors and trailers subject to certificates of title that are owned by any Loan Party and either (a) used in the operation of such Loan Party’s business to produce revenue for such Loan Party or (b) held for sale by such Loan Party.

Revenue Equipment means all the Company's trucks, tractors, trailers and similar equipment described in Schedule A to the Security Agreement as such Schedule A shall be amended or supplemented from time to time, in which Secured Party has a first priority and perfected security interest.

Revenue Equipment means the owned tractors, trailers and other rolling stock of the Loan Parties that are used by the Loan Parties to transport goods for other Persons for hire.

Revenue Equipment means over the road chassis and trailers, Qualcomm satellites, trailer dollys, trailer heaters, fork trucks, automobiles and miscellaneous equipment used by Jevic in connection with its business.