Eligible Equipment

Eligible Equipment. Is (a) general purpose computer equipment, office equipment, test and laboratory equipment, furnishings, subject to the limitations set forth herein, and (b) Other Equipment that complies with all of Borrower's representations and warranties to Bank and which is acceptable to Bank in all respects.

Eligible Equipment. Is new or used general purpose computer equipment, office equipment, test and laboratory equipment, furnishings or other Equipment, that comply with all of Borrower's 16 representations and warranties to Bank, which is acceptable to Bank in all respects and which is subject to a first lien perfected security interest in favor of Bank.

Eligible Equipment. Is computer, laboratory test and measurement equipment, and office equipment, and Other Equipment, subject to (1) the limitations set forth below in the definition of Other Equipment and (2) provided that any and all of such items comply with all of Borrower's representations, warranties and covenants in favor of the Bank and which are acceptable to Bank in all respects.

Eligible Equipment. Is general purpose computer equipment, office equipment, test and laboratory equipment, furnishings, and complies with all of Borrower's representations and warranties to Bank and which is acceptable to Bank in all respects. All Equipment financed with the proceeds of Equipment Advances shall be new, provided that Bank, in its sole discretion, may finance used equipment. Eligible Equipment must be located in the United States.

Eligible Equipment. Is new or used general purpose computer equipment, office equipment, test and laboratory equipment and furnishings, as well as Other Equipment.

Eligible Equipment. Is general purpose computer equipment, office equipment, test and laboratory equipment, furnishings, and, subject to the limitations set forth below, Other Equipment that complies with all of Borrower's representations and warranties to Silicon and which is acceptable to Silicon in all respects. All Equipment financed with the proceeds of Equipment Advances shall be new, provided that Silicon in its sole discretion, may finance used equipment.

Eligible Equipment. Shall mean items of personal property of Borrower consisting of laboratory equipment, computer equipment, office equipment and Other Equipment, all of which shall have been purchased in the interval from January 1, 2000 through and including June 30, 2003 and all of which shall found to be acceptable to Bank for loan purposes hereunder.

Eligible Equipment. Shall mean, as to each Existing Borrower, Equipment owned by such Borrower and included in an appraisal of Equipment received by Agent in accordance with the reasonable requirements of Agent (including Equipment acquired by such Borrower after the date hereof), which Equipment is in good order, repair, running and marketable condition (ordinary wear and tear excepted) and in each case acceptable to Agent in good faith based on the criteria set forth below. In general, Eligible Equipment shall... not include: (a) Equipment at premises other than those owned or leased and controlled by any Borrower; (b) Equipment subject to a security interest or lien in favor of any person other than Agent (except those permitted hereunder that are subject to an intercreditor agreement in form and substance satisfactory to Agent between the holder of such security interest or lien and Agent); (c) Equipment located outside the United States of America; (d) Equipment that is not subject to the first priority, valid and perfected security interest of Agent; (e) damaged or defective Equipment or Equipment not used or usable in the ordinary course of such Borrower's business as presently conducted. Any Equipment that is not Eligible Equipment shall nevertheless be part of the Collateral. View More

Eligible Equipment. Means all Equipment owned by any Borrower for which the Lender has evidence satisfactory to it that such Equipment is free and clear of Liens other than the Security Interest.

Eligible Equipment. Is general purpose computer equipment, office equipment, test and laboratory equipment, and furnishings, Equipment financed with the proceeds of Equipment Advances may be new or used Equipment.