GE Debt definition

GE Debt means the Indebtedness owed by Maker to GE Commercial Distribution Finance Corporation or Deutsche Financial Services Corporation in connection with those certain Agreements for Wholesale Financing entered into prior to the Closing Date by and between Parent, on the one hand, and GE Commercial Distribution Finance Corporation or Deutsch Financial Services Corporation, on the other hand.
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GE Debt means any and all indebtedness, liabilities and obligations owed by Debtor to GE, whether direct or indirect, absolute or contingent, now existing or hereafter arising (including, without limitation, the GE Affected Debt).
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GE Debt means that certain Third Amended and Restated Credit Agreement, dated as of September 20, 2013, among certain Affiliates of Brookdale, as borrowers, General Electric Capital Corporation, as Administrative Agent, and the other financial institutions party thereto, as lenders, which is secured in part by a mortgage or deed of trust recorded against the BKD CCRC Facilities known as “Lake Seminole Square” and “Galleria Woods”.
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Examples of GE Debt in a sentence

  • Debtor acknowledges that any such payment by GE to DVI will be deemed to reduce the amount of any such payment by Debtor with respect to such portion of the Affected GE Debt, as determined by GE, and that Debtor will therefore be in default with respect to such Affected GE Debt.

  • Except for liens securing the Permitted Debt and the GE Debt, there are no mortgages or deeds of trust or other security interests for borrowed money encumbering the real property comprising any BKD CCRC Facility.

  • Debtor agrees, on the date of payment, to notify DVI in writing of the date and amount of any payment made to GE with respect to the GE Debt.

  • Following the repayment of the GE Debt, Executive may terminate his employment and this Agreement at any time without Good Reason upon sixty (60) days' written notice by Executive to Parent; provided, that Parent may provide continued Base Salary payments for all or a portion of such 60-day period in lieu of such notice.

  • Brookdale and its Affiliates have good and valid title to, or a valid and enforceable right to its Personal Property and the same is (or will be at Closing) free and clear of all liens, charges and encumbrances, other than liens relating to Entrance Fee Liabilities, the rights of any vendors or suppliers, any lessor thereof, liens securing the Permitted Debt and the GE Debt, and the rights, if any of any Affiliate manager pursuant to any management agreement identified on Schedule 1-B and/or Schedule 2-B.

  • On Monday of each week, Parent shall provide to Agent (a) a certificate signed by the Chief Financial Office of Parent, certifying as to (i) the outstanding principal balances of the Ixxxxx Micro Debt, the GE Debt, and the IBM Debt in each case as of such Monday; (ii) whether Parent has missed any required payments in respect of each such Indebtedness; and (b) any and all additional documentation in respect of each such Indebtedness that is reasonably requested by Agent.

  • Further, if and only if Buyer assumes obligations with respect to the GE Debt pursuant to Section 2.05(a), then at Closing, Buyer shall reimburse Seller for the amount of interest on the GE Debt actually paid by Seller in respect of any period between the Effective Time and Closing.

  • None of the proceeds of the borrowings under the GE Debt Commitment Letter will be permitted to be used to pay any portion of the consideration payable in connection with the consummation of the Offer or the Merger, but, following the consummation of the Merger, the borrowings under the ABL Credit Agreement will be available to provide funding for working capital and other general corporate purposes of the Surviving Corporation.

  • For avoidance of doubt, Buyer shall have no liability or obligation with respect to all or any portion of the GE Debt, except as may arise pursuant to Section 2.05(a).

  • This Agreement shall have a term expiring upon the later of (a) the repayment, performance and satisfaction in full of the DVI Debt and the release by DVIBCRC and DVIFS of their respective security interests in the Accounts Receivable Collateral, or (b) the repayment, performance and satisfaction in full of the GE Debt and the release by GE of its respective security interest in the UCSF Gamma Knife.


More Definitions of GE Debt

GE Debt means that certain Third Amended and Restated Credit Agreement, dated as of September 20, 2013, among certain Affiliates of Brookdale, as borrowers, General Electric Capital Corporation, as Administrative Agent, and the other financial institutions party thereto, as lenders, which is secured in part by a mortgage or deed of trust recorded against the BKD CCRC Facilities known as “Lake Seminole Square” and “Galleria Wxxxx”.
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GE Debt has the meaning given to it in clause 3.2(b);
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GE Debt means Debt of CEI Acquisition and CEI Bristol evidenced by the GE Loan Agreement which (a) does not, at any time, exceed an aggregate principal amount of $132,000,000, (b) has a stated maturity of June 30, 2006, and (c) shall be repaid on the GE Loan Termination Date.
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GE Debt means Subordinated Debt of the Borrower owing to GE Commercial Distribution Finance Corporation and incurred after the Funding Date on terms acceptable to the Lender.
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GE Debt means the promissory notes to General Electric Capital Corporation and The Fifth Third Leasing Company set forth on Schedule 4.1(e) hereto.
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GE Debt that certain debt evidenced by (i) a Promissory Note, Internal Contract Reference Number 8529362, Internal Order Reference Number 861405092, with the date left blank but containing a contemporaneous reference to August 8, 2003, made by Seller in favor of General Electric Capital Corporation, in the original principal amount of $147,293, having an outstanding principal balance of $127,962.22 as of the Effective Time and bearing interest at the rate of 7.590% per annum, (ii) a Promissory Note, Internal Contract Reference Number 8509868-001, Internal Order Reference Number 861-102684, dated November 12, 1997, made by Seller in favor of General Electric Company in the original principal amount of $596,104, as amended by amendment dated October 24, 2001, having an outstanding principal balance of $114,102.90 as of the Effective Time and bearing interest at the rate of 11.060% per annum, and (iii) a Promissory Note, Internal Contract Reference Number 8509868-002, Internal Order Reference Number 861-102771, dated February 25, 1998, made by Seller in favor of General Electric Company in the original principal amount of $163,766.99, as amended by amendment dated October 24, 2001, having an outstanding principal balance of $37,271.58 as of the Effective Time and bearing interest at the rate of 10.987% per annum;
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Related to GE Debt

  • New Debt has the meaning assigned to such term in the definition of Permitted Refinancing Indebtedness.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Refinancing Debt means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or any Restricted Subsidiary pursuant to the terms of this Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors, but only to the extent that

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Restricted Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • First Lien Indebtedness means the First Lien Loans, any First Lien Additional Indebtedness, and any First Lien Credit Agreement Refinancing Indebtedness.

  • Permitted Refinancing Debt means any Debt that Refinances any other Debt, including any successive Refinancings, so long as:

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

  • Unsecured Debt means Debt of the Operating Partnership or any of its Subsidiaries which is not secured by a Lien on any property or assets of the Operating Partnership or any of its Subsidiaries.

  • Secured Debt means Debt of the Company or its Subsidiaries secured by an Encumbrance on the property of the Company or its Subsidiaries.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.