what is meant by eligible parts
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Eligible Parts and Supplies means that portion of the Borrower's equipment consisting of Parts and Supplies in which Bank has a first priority security interest.
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Eligible Parts and Supplies means that portion of the Borrower's equipment consisting of Parts and Supplies in which Bank has a first priority security interest.
the quality or state of being eligible : fitness or suitability to be chosen, selected, or allowed to do something The applicants must meet all requirements for eligibility. …
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