GMAC Facility definition

GMAC Facility means (i) the Secured Convertible Promissory Note, dated May 11, 1998, issued by Main St. California, Inc. to Franchise Mortgage Acceptance Corporation, in the aggregate principal amount of $1,696,500, and the Pledge and Security Agreement of even date therewith relating thereto, and (ii) the Secured Convertible Promissory Note, dated May 11, 1998, issued by Main St. California, Inc. to Franchise Mortgage Acceptance Corporation in the aggregate principal amount of $626,904, and the Pledge and Security Agreement of even date therewith relating thereto.
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GMAC Facility means the revolving facility of GBP 30,000,000 governed by that certain Multicurrency Revolving Facility Agreement dated October 13, 2006 by and among GMAC Commercial Finance PLC, Target and certain affiliates of Target.
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Examples of GMAC Facility in a sentence

  • GMAC Borrowers and GMAC Guarantors may also, in the future, grant security interests in the Note Collateral (as such term is hereinafter defined) to GMAC Facility Agent.

  • GMAC COMMERCIAL FINANCE LLC, as GMAC Facility Agent By: /s/ Fxxxx XxXxxxxx Name: Fxxxx XxXxxxxx Title: Director THE BANK OF NEW YORK, not in its individual capacity, but solely as Trustee and Note Agent By: /s/ Gxxxxxxx Xxxxxx Name: Gxxxxxxx Xxxxxx Title: Vice President Each of the undersigned hereby acknowledges and agrees to the foregoing terms and provisions.

  • Any amendment of this Intercreditor Agreement must be in writing and signed by GMAC Facility Agent and Note Agent.

  • Note Agent hereby acknowledges that GMAC Facility Agent, for the benefit of the GMAC Facility Lenders, (a) has been granted Liens upon all of the Working Capital Collateral pursuant to the GMAC Facility Loan Documents to secure the GMAC Facility Debt and (b) may, at the option of one or more Obligors, be granted Liens upon the Note Collateral pursuant to the GMAC Facility Loan Documents to secure the GMAC Facility Debt.

  • The relative rights of GMAC Facility Agent and the GMAC Facility Lenders, on the one hand, and Note Agent and the Noteholders, on the other hand, in or to any distributions from or in respect of any Collateral or proceeds of Collateral, shall continue after the filing thereof on the same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, the Obligors, or any of them, as debtor(s)-in-possession.

  • Such Note Agent Notice to GMAC Facility Agent shall be irrevocable.

  • After Noteholders have received final payment in full of all of the Note Debt, Note Agent shall (to the extent that GMAC Facility Agent has a Lien therein) deliver the remainder of the Collateral, if any, in its possession to GMAC Facility Agent, except as may otherwise be required by applicable law or court order.

  • This Intercreditor Agreement is a continuing agreement and shall remain in full force and effect until the payment in full of the GMAC Facility Debt and Note Debt and the irrevocable termination of the respective Agreements.

  • After GMAC Facility Lenders have received final payment in full of all of the GMAC Facility Debt and the GMAC Facility Loan Documents have been irrevocably terminated, GMAC Facility Agent shall deliver the remainder of the Collateral, if any, in its possession to Note Agent, except as may otherwise be required by applicable law or court order.

Related to GMAC Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Electric Facility means a Generator or an electric transmission facility.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Public facility means 1 or more of the following:

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Bank Facility means any credit agreement, including the Existing Credit Agreement, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Borrower as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • nuclear facility means, except as otherwise agreed to by the Underwriter, any of the following, provided that Nuclear Material is contained therein or being used therewith or Nuclear Material is present at the site where the same is located: