GM Entity definition
Examples of GM Entity in a sentence
GM shall have the right, exercisable not more frequently than monthly, to change the designation of the underlying payment obligation(s) (or portions thereof) to which any Exposure Reduction Cash Payment(s) are applied as a payment or prepayment in satisfaction of an underlying payment obligation of any GM Entity, subject to reinstatement to the extent provided in Section 4(e).
In the event GM does not make such a designation within five business days after it or any other GM Entity makes an Exposure Reduction Cash Payment, GMAC shall have the right, exercisable at any time or times thereafter upon delivery of notice to GM, to apply such Exposure Reduction Cash Payment as a payment or prepayment in satisfaction of all or any portion of any underlying payment obligations constituting part of a Measured Exposure giving rise to such payment, [***].
GM Entity-owned dealerships GMAC Entity loans to dealers partially-owned or wholly-owned by any GM Entity including but not limited to multi-site plan dealers and Motors Holdings dealers (including Saab Cars USA dealers).
This text has been separately filed with the Securities and Exchange Commission EXHIBIT A Excluded Exposures Exposure Exposure Description Guaranties Guaranties provided by any GM Entity for the benefit of one or more GMAC Entities with respect to obligations of Persons other than GM Entities to any GMAC Entity.
Lease premium Amounts owed under the U.S. Consumer Agreement in connection with [***] as set forth in the U.S. Consumer Agreement In-transit financing Amounts of dealer obligations prepaid to any GM Entity by any GMAC Entity under the Dealer Financing Service Agreement, the U.S. Advance Payment Agreement, the Canada Advance Payment Agreement or any implementing agreement in connection with the foregoing.