Examples of GE Note in a sentence
TheReorganized Debtor shall remain current on all appropriate insurance policies to extent obligated, list GE as a loss payee, and provide proof of the same to GE.The GE Note will have standard and commercially reasonable default provisions, and GE will provide the Reorganized Debtor ten (10) days notice of and default with a right to cure.
The principal amount of the GE Note shall be equal to $________________.
The principal of the GE Note shall be due on the fourth anniversary of the Effective Date but shall be payable in equal 12 quarterly installments beginning on the first Subsequent Distribution Date following the first anniversary of the Effective Date.
All payments made during the Chapter 11 shall reduce, dollar for dollar, the principal amount of the Class 4 Claim.GE shall receive a Class 10 Allowed Unsecured Claim for the difference, if any, between the GE Note and its claim as originally filed.The Reorganized Debtor shall remain current on all taxes, subject to challenges by the Debtors for market conditions and taxing authority’s property valuation.
Borrower and General Electric Capital Corporation (“GE”) entered into that certain three-year Third Amended and Restated Secured Term Note (the “GE Note”) in the original principal amount of $2,149,249.23 on August 30, 2004, and the GE Note bears interest at the rate of nine percent (9%) per annum and is secured by substantially all of the Company’s assets (the “GE Loan”).
Change Over Switch / SFU L&T / GE Note: Samples of all materials, including above-mentioned items, are approved in writing from the Engineer In – charge, before the materials are procured and brought at site for bulk consumption.
Specifically, as the Plan provides that the attorneys' fees incurred by GEHFS are to be capitalized into the note as restructured under the Plan (the "GE Note"), the court retains jurisdiction to determine the reasonableness of attorneys' fees to be capitalized in the GE note.
A copy of the proposed new note and mortgage shall be available at least ten (10) days prior to the Confirmation Hearing and will be provided to any party who request such.The GE Note shall be in the amount of its Allowed Secured Claim, which claim shall not exceed the market value of the GE Bank Property.
Lender has full knowledge of the terms and conditions of the GE Note and all collateral loan documents made between Borrower and GE, including all modifications and amendments thereto.
On December 10, 2010, the Trustee commenced an avoidance action against Avellino & Bienes, Frank J.