Supplemental Equipment Term Note definition

Supplemental Equipment Term Note means that certain Supplemental Equipment Term Note dated May 28, 2003 in the principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) from Borrowers in favor of Bank, together with all renewals, amendments, modifications and substitutions therefor.
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Supplemental Equipment Term Note means one of the two (2) supplemental equipment term notes now or hereafter delivered by the Borrower to the Bank in connection with the Supplemental Committed Equipment Line in substantially the form of Exhibit G and "Supplemental Equipment Term Notes" means collectively, the equipment term notes which may now or hereafter be
Sample 1
Supplemental Equipment Term Note means that certain Third Amended and Restated Supplemental Equipment Term Note dated August 30, 2004 in the principal amount of Four Million Dollars ($4,000,000) from Borrowers in favor of Bank, together with all renewals, amendments, modifications and substitutions therefor. "Revolving Maturity Date” is November 30, 2004.
Sample 1

Examples of Supplemental Equipment Term Note in a sentence

  • The Borrowers agree that the execution and delivery of the Replacement Supplemental Equipment Term Note is not intended to and shall not cause or result in a novation with respect to the issued and outstanding Supplemental Equipment Term Note, provided, however, that the terms of the Replacement Supplemental Equipment Term Note are intended to supercede and replace all terms of the issued and outstanding Supplemental Equipment Term Note.

  • The Borrowers shall execute and deliver to the Bank on the date hereof the Replacement Supplemental Equipment Term Note in substitution for and not satisfaction of, the issued and outstanding Supplemental Equipment Term Note, and the Replacement Supplemental Equipment Term Note shall be the “Supplemental Equipment Term Note” for all purposes of the Loan Documents.

  • The Note being substituted pursuant to this Agreement shall be marked “Replaced” and promptly returned to the Existing Borrowers after the execution and delivery of the Replacement Supplemental Equipment Term Note to the Bank.

  • This Note amends and restates in its entirety that certain Supplemental Equipment Term Note (“Restated Note”) in the principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) dated June 27, 2003 from the Borrowers, Blackboard International B.V., Blackboard International L.P., Blackboard International Holdings, Inc.

  • This Note amends and restates in its entirety that certain Supplemental Equipment Term Note (as amended from time to time the “Restated Note”) in the principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) dated June 27, 2003 from the Borrowers, Blackboard International B.V., Blackboard International L.P., Blackboard International Holdings, Inc.

  • All Supplemental Equipment Advances made prior to the Supplemental Equipment Availability End Date One shall be repaid in accordance with the terms of Supplemental Equipment Term Note No. 1.

  • The Borrower and the Bank agree that the execution of this Agreement is not intended to and shall not cause or result in a novation with respect to the Equipment Term Note, the Supplemental Equipment Term Note and the Revolving Promissory Note.

  • It is expressly agreed that the indebtedness evidenced by the Equipment Term Note, the Supplemental Equipment Term Note and the Revolving Promissory Note has not been extinguished or discharged hereby.

  • All Supplemental Equipment Advances made prior to the Supplemental Equipment Availability End Date One shall be evidenced by a Supplemental Equipment Term Note ("Supplemental Equipment Term Note No. 1") to be executed and delivered by the Borrower to Bank on the Closing Date.

  • Borrowers shall in accordance with the Tranche I Supplemental Equipment Term Note and the Tranche II Supplemental Equipment Term Note, continue to make equal installments of the Supplemental Equipment Loan principal and accrued interest each in the amount of $61,839.57 (the “Supplemental Equipment Loan Payment”) on the first (1st) day of each month during the term of the Supplemental Equipment Loan.

Related to Supplemental Equipment Term Note

  • Additional Equipment means equipment that is not factory fitted in the Vehicle, including but not limited to navigation equipment (GPS), baby seat, bicycle rack etcetera;

  • Optional equipment means all the features not included in the standard equipment which are fitted to a vehicle under the responsibility of the manufacturer, and that can be ordered by the customer.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Electrical equipment means underground equipment that contains dielectric fluid that is necessary for the operation of equipment such as transformers and buried electrical cable.

  • Original equipment manufacturer means a company that manufactures products that it has designed from purchased components and sells those products under the company's brand name.

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

  • Medical equipment means equipment used in a patient care environment to support patient treatment and diagnosis.

  • Terminal Equipment means all telephone instruments, including pay telephone equipment, the common equipment of large and small key and PBX systems and other devices and apparatus, and associated wirings, which are intended to be connected electrically, acoustically or inductively to the telecommunication system of the telephone utility.

  • Durable medical equipment means equipment which:

  • Control equipment means equipment necessary for the setting and/or unsetting of an immobilizer.

  • Equipment Schedule means (a) each Equipment Schedule attached to the applicable Requisition and (b) each Equipment Schedule attached to the applicable Lease Supplement.

  • Load Control Equipment means the equipment (which may include, but is not limited to, ripple receivers and relays) that is from time to time installed in, over or on Consumer’s Premises for the purpose of receiving signals sent by Load Signalling Equipment and switching on and off, or otherwise controlling, controllable load;

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.