Examples of GE Credit Agreement in a sentence
The back up system could be an oil boiler for a water bound heating system or the existing grid for an electrical heating system.
The initial commitment may be reduced or increased from time to time pursuant to the terms of the GE Credit Agreement.
If any Xxxxx XX Exchange Account is not maintained in accordance with the provisions of the GE Credit Agreement and the GE Collateral Agreement, then within ten (10) Business Days of obtaining knowledge of such fact, the GE Collateral Agent and the QI shall establish a new Xxxxx XX Exchange Account which complies with such provisions and transfer into the new Xxxxx XX Exchange Account all funds from the old Xxxxx XX Exchange Account.
As amended, the GE Credit Agreement provides for up to $75 million of available credit, with a sublimit of up to $20 million for the issuance of letters of credit.
As required under the terms of the GE Credit Agreement, the Company is maintaining cash and cash equivalents of at least $5.0 million in accounts in which GE Capital has a first priority perfected lien.