GECC Loan definition

GECC Loan means the loan agreement to be entered into on or about the Issue Date by the Real Property Non-Guarantor Subsidiaries as borrowers, General Electric Capital Corporation and the financial institutions who are or become parties to the loan agreement as lenders together with the related guaranty agreement by Parent, as guarantor, in favor of General Electric Capital Corporation, as agent for the lenders.
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GECC Loan shall have the meaning set forth in Section 2.23.
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GECC Loan means the $95,700,000 First Mortgage Loan to Fort Austin Real Estate Holdings, LLC, a Tennessee limited liability company, by General Electric Capital Corporation.
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Examples of GECC Loan in a sentence

  • In consideration for the services provided in connection with the arrangement and implementation of the consensual restructuring with certain holders of the Old Senior Notes and Old Subordinated Debentures including in respect of the GECC Loan Documents, on the Effective Date, the Debtor shall execute and issue the Arrangement Fee Note in favor of Oaktree Capital Management, LLC.

  • There shall be no outstanding event of default or condition that with the occurrence of time would constitute an event of default under (i)the GECC Loan Documents, (ii) the New Senior Note Indenture, (iii) the New Structurally Subordinated Note Indenture, or (iv) any other Plan Document.

  • Borrower shall have delivered Lender evidence reasonably satisfactory to Lender that Borrower has purchased an interest rate cap agreement (the "Required Interest Hedge") from an institution rated AA or better by S&P, such Required Interest Hedge to be for the term of the Loan, and to provide for a maximum interest rate of 9.75% on the principal amount of the GECC Loan.

  • Except for the repayment in full of the GECC Loan, at any time, directly or indirectly, prepay any Indebtedness in an amount exceeding $500,000 (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness of any Borrower.

  • The Company shall not (and shall not permit any of its Subsidiaries to) engage in any speculative transaction or any transaction involving commodity options or futures contracts (other than (i) transactions in the ordinary course of business consistent with past practice and (ii) interest rate swap, cap or collar agreements pursuant to the GECC Loan Agreement).

  • The Partners agree that this Agreement, the Master Leases, any GECC Loan, the Contribution Agreements, the Fee Agreement, the Trust Agreements, the Assignment and Assumption Agreements, the GECC Demand Note, DRO Pledge Agreement, the Letter Agreement, and the GECC Indemnification Agreement satisfy this third-party standard.

  • Subject to the terms and conditions hereof, Lender hereby consents to the GECC Loan.

  • The execution, delivery and performance by the Company of this Agreement, the Transaction Documents and the GECC Loan Agreement, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all necessary corporate action, and this Agreement, the Transaction Documents and the GECC Loan Agreement have been duly executed and delivered by the Company.

  • Exhibit I attached hereto sets forth the Partnership's budget of the monthly amount of capital expenditures (excluding tenant improvements and brokerage fees) and borrowings expected to be made under the GECC Loan.

  • Xxxxxx Title: EVP, CFO, Treasurer and Secretary Lender: PLATINUM-MONTAUR LIFE SCIENCES, LLC By: /s/ Mxxxxxx Xxxxxxxx Name: Mxxxxxx Xxxxxxxx Title: Portfolio Manager Exhibit A [GECC Loan Documents*] * Filed as Exhibit 10.1 to the Current Report on Form 8-K of Navidea Biopharmaceuticals, Inc., File No. 001-35076, dated June 24, 2013, filed June 26, 2013, as amended June 28, 2013, and incorporated herein by reference.


More Definitions of GECC Loan

GECC Loan means that certain loan memorialized in the GECC Loan Agreement.
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GECC Loan means certain Indebtedness outstanding as of the date hereof of the HK Borrower to General Electric Credit Corporation in a principal amount equal to approximately $425,000.
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GECC Loan the loan made by General Electric Capital Corporation ("GECC") to SFC under the GECC Loan Agreement.
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GECC Loan. The first mortgage loan made by General Electric Capital Corporation in favor of Fort Austin and Fort Austin Operator, which loan is secured by a deed of trust or mortgage on the Fort Worth Facility, the Austin Facility and the Denver Facility.
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GECC Loan means the loan from GECC secured by the GECC First Mortgages and the GECC Second Mortgages.
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Related to GECC Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan as defined in Section 2.1.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • PPP Loan has the meaning set forth in Section 3.28.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).