GECS definition

GECS means General Electric Capital Services, Inc., a Delaware corporation or any successors or assigns thereto.
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GECS means Global Employee Compliance Services Site, the system that Employees use to report and certify to their Accounts and Securities activities. Employees may access GECS through the HR Portal.
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GECS is defined in the preamble to this Agreement.
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Examples of GECS in a sentence

  • Any payment to be made by GECS or Counterparty pursuant to this Reimbursement Agreement shall be made in the same currency as designated for payment in the Confirmation and such designation of the currency of payment is of the essence.

  • The parties shall agree on the staffing level and credentials of personnel providing or coordinating NMS's services pursuant to this Agreement (the "GECS Service Team").

  • Notwithstanding the foregoing, KP & Co. shall not pay over to GE or GECS any refund of taxes attributable to the carryback from a taxable period beginning after the Closing Date (or the portion of a Straddle Period that begins on the Closing Date) of items of loss, deduction or credit, or other tax items, of KP & Co. arising from items indemnified by GE and GECS under the Pre-Tax Reserve or $15,600,000 reserve described above.

  • All of the Employee-specific data and any other materials pertaining to the GECS's requirements or the Plans and provided to NMS by GECS pursuant to this Agreement shall at all times remain the property of GECS.

  • Severity 1: Any FDR system / application outage (hard down) at one or more GECS sites seriously affecting GE’s business or ability to service their clients.

  • PWG agrees not to terminate any of the 13 current KP & Co. employees prior to December 31, 1997 without the consent of GECS, which consent will not be unreasonably withheld.

  • So long as there is a reasonable basis to do so, PWG will claim on its Federal, State and local income tax returns for all tax periods ending on or before the tenth anniversary of the Closing Date a deduction in respect of any payment made by GECS of the Liabilities of the type described in the Assumption Agreement, and (at the sole cost of GECS in a manner reasonably acceptable to PWG) will pursue such claim with reasonable diligence.

  • NMS will make available for audit by either GECS or its designee ("Auditor") its files, books, procedures and records (including computer terminal access to same) pertaining to the services provided by NMS under this Agreement during the hours of 8 a.m. to 6 p.m. Monday through Friday, but excluding holidays.

  • However, any such agent or Custodian will not generally make the books and records relating to the Purchaser Assets available to any of creditors or other interested Persons of the Purchaser, the Seller, GE Capital or GECS.

  • In the event that PWG is allowed such deduction, it shall pay the actual resulting tax benefit to GECS as an increase in the purchase price under this Agreement.


More Definitions of GECS

GECS and the "Swap Counterparty"). Pursuant to a Loan Sale Agreement, dated as of November 16, 2004 (the "Loan Sale Agreement"), among CEFEH, GECC and GECC Tennessee, GECC and GECC Tennessee will sell the Loans to CEFEH. Pursuant to a Loan Purchase and Sale Agreement, dated as of November 16, 2004 (the "Loan Purchase and Sale Agreement") between CEFEH and the Company, CEFEH will sell, transfer and convey to the Company, without recourse, all of its right, title and interest in the Loans. Pursuant to the Servicing Agreement, to be dated as of November 16, 2004 (the "Servicing Agreement") between GECC, as servicer and the Company, GECC will service the Loans. Capitalized terms used herein but not otherwise defined shall have the meanings set forth in the Indenture. The Class A-1 Notes shall bear interest at the then applicable LIBOR minus 0.04% per annum, the Class A-2 Notes shall bear interest at the then applicable LIBOR plus 0.01% per annum, the Class A-3 Notes shall bear interest at the then applicable LIBOR plus 0.02% per annum, the Class A-4 Notes shall bear interest at the then applicable LIBOR plus 0.06% per annum, the Class B Notes shall bear interest at the then applicable LIBOR plus 0.20% per annum and the Class C Notes shall bear interest at the then applicable LIBOR plus 0.60% per annum.
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GECS means Global Employee Compliance Services Site, the system that Employees use to report and certify to their Accounts and Securities activities.
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Related to GECS

  • Developers Fee” means a bonus earned by developers that have successfully completed key events in the development process.

  • Technical Information means technical data or computer software, as those terms are defined in the clause at DFARS 252.227-7013, Rights in Technical Data-Noncommercial Items, regardless of whether or not the clause is incorporated in this solicitation or contract. Examples of technical information include research and engineering data, engineering drawings, and associated lists, specifications, standards, process sheets, manuals, technical reports, technical orders, catalog-item identifications, data sets, studies and analyses and related information, and computer software executable code and source code.

  • Technical Support Services means the technical support and maintenance Services provided by us according to our then-current technical support policy and procedure listed at ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (“Technical Support Policy”) when the Services are purchased.

  • BPSS means the recognised standard for HMG for staff vetting which comprises verification of (1) identity, (2) employment history, (3) nationality and immigration status (including the right to work), and Criminal Records Bureau check (including a five (5) year address history check).

  • Support Services means support in relation to the use of, and the identification and resolution of errors in, the Hosted Services, but shall not include the provision of training services;