Orange County NC Website
ARTICLE I <br />DEFINTTIONS <br />Section 1.01. Definitions. The following terms will have the- meanings indicated below <br />unless the context clearly requires otherwise: <br />"Acquisition Amount" means the amount specified in the Schedule. <br />"Acquisition Fund "means the fund established and held by Acquisition Fund Custodian <br />pursuant to the Acquisition Fund Agreement, if any. <br />"Acquisition Fund Agreement" means an Acquisition Fund and Account Control <br />Agreement, substantially in the form of Exhibit A attached hereto, in form and substance <br />acceptable to and executed by Purchaser, Lender and Acquisition Fund Custodian, pursuant to <br />which an Acquisition Fund is established and administered. <br />"Acquisition Fund Custodian " means Acquisition Fund Custodian identified in any <br />Acquisition Fund Agreement, and its successors and assigns. <br />"Acquisition Period " means, with respect to this Agreement, that period stated in the <br />Schedule during which the Proceeds attributable to this Agreement may be expended on <br />Equipment Gosts. <br />"Agreement" means this Equipment Installment Financing Agreement, including the <br />Schedule and the other exhibits hereto, together with any amendments and modifications to the <br />Agreement pursuant to Section 12.05. <br />"Code " means the Internal Revenue Code of 1986, as amended. Each reference to a <br />Section of the Code herein shall be deemed to include the United States Treasury Regulations <br />proposed or in effect thereunder. <br />"Commencement Date "means the date when Purchaser's obligation to make Installment <br />Payments commences hereunder, which date shall be the earlier of (i) the date on which the <br />Equipment listed in the Schedule is accepted by Purchaser in the manner described in Section <br />5.01, and (ii) the date on which the Acquisition Amount is deposited with Acquisition Fund <br />Custodian. <br />"Contract Rate "means the rate identified as such in the applicable Schedule. <br />"Equipment" means the property listed in the Schedule and all replacements, repairs, <br />restorations, modifications and improvements thereof or thereto made pursuant to Section 8.01 or <br />Article V. Whenever reference is made in this Agreement to Equipment, such reference shall be <br />deemed to include all such replacements, repairs, restorations, modifications and improvements <br />of or to such Equipment. <br />"Equipment Costs " means the total cost of the Equipment listed in the Schedule, <br />including all soft costs such as freight, installation and taxes paid up front by Lender and all <br />capitalizable consulting and training fees approved by Purchaser, legal fees, financing costs, and <br />#765698v2 (BAPCC/N Carolina Installment Purch Agmt) <br />