GPMI definition
Examples of GPMI in a sentence
On the Closing Date, Agent, Existing GPMI Borrowers and GPMI shall enter into the Assignment and Assumption Agreement, pursuant to which the Existing GPMI Term Loan shall be assigned by Existing GPMI Borrowers to GPM.
GPMI shall have paid to Agent for the ratable benefit of Lenders an assignment fee of $100,000.
As of the Closing Date, the Existing GPMI Borrowers shall have Undrawn Availability (as defined in the Existing GPMI Loan Agreement) and the WOC Borrowers shall have Undrawn Availability (as defined in the Existing WOC Revolving Loan Agreement) of at least $7,500,000 on a combined basis.
Upon (i) the repayment in full of the obligations due under the Existing GPMI Loan Agreement and the termination of the agent’s and lenders’ commitments thereunder or (ii) the repayment in full of the obligations due under the Existing WOC Revolving Loan Agreement and the termination of the agent’s and lenders’ commitments thereunder, then, in either case, the Borrowers shall immediately prepay the Term Loan in full.
Become liable upon the obligations or liabilities of any Person other than another Borrower, any Borrower’s Subsidiaries or GPMI by assumption, endorsement or guaranty thereof or otherwise except the endorsement of checks in the Ordinary Course of Business.
Simultaneously with the execution and delivery of the Assignment and Assumption Agreement, the Existing GPMI Term Loan shall become the Term Loan hereunder and shall be due and payable by GPM to the Lenders hereunder and governed by and subject to all of the terms and conditions of this Agreement.
Notwithstanding anything to the contrary in the Assumed Instrument, in consideration for such consent, the Assignee and GPMI, on a joint and several basis (except as set forth in Section 2 hereof) hereby agree to prepay in full all the outstanding amounts under the Assumed Instrument, including, but not limited to, the Commitment Fee, the Exit Fee and the Minimum Interest, within 30 days of the date hereof.
It is understood that the signature of ▇▇▇ ▇▇▇▇▇, Senior Vice President, Retail Business Enablement & Controls, is made with the authority and on behalf of Respondent Bank of America.
ASSIGNEE AND, BY ITS EXECUTION HEREOF, GPMI, HEREBY EXPRESSLY SUBMIT IN ADVANCE TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING RELATING TO ANY CLAIM, DISPUTE OR OTHER MATTER PERTAINING DIRECTLY OR INDIRECTLY TO THIS ASSUMPTION.
GPMI AND ASSIGNEE FURTHER HEREBY WAIVE ANY RIGHT OF OFFSET OR RIGHT TO INTERPOSE ANY COUNTERCLAIM IN ANY SUCH ACTION, EXCEPT FOR COMPULSORY COUNTERCLAIMS.