GE Finance definition
Examples of GE Finance in a sentence
Notwithstanding the foregoing, the GE Finance Fee Letter and any market flex provisions contained in the final commitment letter between Agent and Borrower shall survive the execution and delivery of this Agreement and shall continue to be binding obligations of the parties.
With respect to its Commitments hereunder, GE Finance shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender.
Each Lender hereby designates and appoints GE Finance as its Agent under this Agreement and the other Loan Documents, and each Lender hereby irrevocably authorizes Agent to execute and deliver the Collateral Documents and to take such action or to refrain from taking such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers as are set forth herein or therein, together with such other powers as are reasonably incidental thereto.
The terms “Lenders”, “Requisite Lenders”, “Requisite Revolving Lenders” or any similar terms shall, unless the context clearly otherwise indicates, include GE Finance in its individual capacity as a Lender or one of the Requisite Lenders or Requisite Revolving Lenders.
Notwithstanding the foregoing, the term “Covered Personnel” shall not include any individual (i) whose employment with the relevant party has been involuntarily terminated or (ii) whose employment or solicitation therefor has been previously agreed to in writing or email by the Senior Vice President-Human Resources of the Company (or the equivalent) and the Human Resources Director of GE Finance, in accordance with such polices as they may establish from time to time.
For the purposes of holding any security granted by Borrower or any other Credit Party pursuant to the laws of the Province of Quebec to secure payment of any debenture issued by Borrower or any Credit Party, Agent is hereby appointed to act as the person holding the power of attorney (fondé de pouvoir) pursuant to article 2692 of the Civil Code of Quebec to act on behalf of each of the debentureholders, initially namely GE Finance in its capacity as Agent for the Secured Parties.
GE Finance, either directly or through strategic affiliations, may lend money to, acquire equity or other ownership interests in, provide advisory services to and generally engage in any kind of banking, trust or other business with any Credit Party as if it were not acting as Agent pursuant hereto and without any duty to account therefor to Lenders.
GE Finance, either directly or through strategic affiliations, may accept fees and other consideration from any Credit Party for services in connection with this Agreement or otherwise without having to account for the same to Lenders.
Borrower shall have paid the Fees required to be paid on the Closing Date in the respective amounts specified in Section 1.3 (including the Fees specified in the GE Finance Fee Letter), and shall have reimbursed Agent for all reasonable and documented out-of-pocket fees, costs and expenses of closing presented as of the Closing Date.
GE Finance is hereby appointed to act on behalf of all Secured Parties as Agent under this Agreement and the other Loan Documents and is hereby authorized to appoint the US Agent to act on its behalf as agent under certain Loan Documents.