Specialized Equipment Export Facility definition

Specialized Equipment Export Facility means that revolving loan facility provided by Bank to Company, available in Canadian and/or US Dollars, to finance the costs of material and labour of certain contracts for the manufacture of specialized transporters or other equipment for export from Canada.
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Specialized Equipment Export Facility and “Specialized Equipment Export Master Note” shall have the meanings given to them in the Prior Canadian Letter Agreement.
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Specialized Equipment Export Facility is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order:
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Examples of Specialized Equipment Export Facility in a sentence

  • This Agreement does not modify or replace the Security Agreement (All Assets) by Manitex Liftking, ULC, dated on or about December 29, 2011, in favor of Comerica Bank, a Texas banking association and authorized foreign bank under the Bank Act (Canada), as amended, pledging all assets of Manitex Liftking, ULC in support of all indebtedness of Manitex Liftking, ULC including but not limited to the Specialized Equipment Export Facility.

  • For greater certainty, this Security Agreement shall not constitute an amendment and restatement of any security agreement by a Debtor which provides security for any of the indebtedness, liabilities and obligations under the Specialized Equipment Export Facility or Specialized Equipment Export Master Note.

  • Any and all Accounts, Inventory and work-in-process Inventory related to the Specialized Equipment Export Facility, shall not be included in the calculation of the Advance Formula.


More Definitions of Specialized Equipment Export Facility

Specialized Equipment Export Facility means that revolving loan facility provided by Comerica Bank to Canadian Borrower to finance the costs of material and labor of certain contracts for the manufacture of specialized transporters or other equipment for export from Canada pursuant to the terms of the second amended and restated letter agreement, by and between Comerica Bank and Canadian Borrower, dated as of November 12, 2013, as amended, modified or restated from time to time.
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