GE Indebtedness definition

GE Indebtedness means the amount then outstanding pursuant to that certain Credit Agreement dated as of August 14, 2009 (as amended), among Borrowers, Guarantor, General Electric Capital Corporation and the other lenders thereto.
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GE Indebtedness means (i) the Indebtedness of Horizon Vessels, Inc., a Delaware corporation, owing to the GE Lender under the GE Loan Documents and (ii) the Indebtedness of Horizon Vessels International Ltd., a Cayman Islands limited company, owing to the GE (Tenn.) Lender under the GE (Tenn.) Loan Documents.
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GE Indebtedness means the Indebtedness of Borrower to General Electric Capital Business Asset Funding Corporation with an outstanding principal balance as of March 1, 2004 in the amount of $2,075,309.00.
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Examples of GE Indebtedness in a sentence

  • Each Pledgor represents and warrants that upon funding under the Credit Facility of at least the amount necessary to pay the GE Indebtedness, all certificates, agreements or instruments representing or evidencing the Securities Collateral and any other Investment Property acquired in existence on the date hereof will be delivered to the Collateral Agent in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank.

  • Fiscal Year Funding Share GAAP GE Indebtedness Good Faith Contest Governmental Authority Guarantor Guarantor Security Documents Hazardous Substances Hedging Agreements Hedging Obligation Indebtedness Individual Outstanding 3-Year Obligations .

  • Executive Vice of Sales & Marketing/Vice President of Sales and Marketing Bonus: Upon the successful completion of an initial public offering and the payment of amounts owed by STI of the GE Indebtedness, if Xxxxxxx X.

  • For the period in which any GE Indebtedness is outstanding, the Aggregate 3-Year Commitment shall be automatically reduced by the outstanding balance (including without limitation accrued and unpaid interest) of the GE Indebtedness, as it may change from time to time.

  • Make any payment or ------------------------------------------- prepayment on account of any Indebtedness for Borrowed Money other than Borrowers' Obligations, except that Borrowers may make regularly scheduled payments on account of the AEI Indebtedness, the Orix Indebtedness, the MetLife Indebtedness, the Captec Indebtedness, the Bonnyville Indebtedness, the GE Indebtedness and Purchase Money/Capitalized Lease Indebtedness.

  • Upon the successful completion of an initial public offering and the payment in full of the GE Indebtedness, if Xxxxxxx X.

  • Upon the Closing, there will be no Indebtedness ------------------ for Borrowed Money owed by any Borrower to any Person, except (i) Borrowers' Obligations and (ii) Purchase Money/Capitalized Lease Indebtedness permitted to exist as of the Closing Date, the GE Indebtedness permitted under Section 7.1 to exist as of the Closing Date, the AEI Indebtedness, the Orix Indebtedness, the MetLife Indebtedness, the Captec Indebtedness and the Bonnyville Indebtedness, all of which is described on Schedule 5.17.

  • Non-Financed Capital Expenditures: for any period, the aggregate --------------------------------- amount of all Capital Expenditures of Borrowers not financed with the proceeds of the Loan, the GE Indebtedness or Purchase Money/Capitalized Lease Indebtedness.

  • The indebtedness evidenced by this Note, and the payment of the principal hereof, and any interest hereon, is subordinated, junior and subject in right of payment, to the prior payment of all GE Indebtedness now outstanding, to the extent and in the manner provided in the Subordination Agreement.


More Definitions of GE Indebtedness

GE Indebtedness all Indebtedness for Borrowed Money of --------------- Borrowers owed to General Electric Capital Corporation as of the Second Amendment Effective Date other than the MetLife Indebtedness acquired by General Electric Capital Corporation from MetLife."
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GE Indebtedness is defined in Section 2.2 of this Agreement.
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GE Indebtedness means the “Obligations”, as such term is defined under that certain Loan and Security Agreement, dated as of February 10, 2012, by and among Company, General Electric Capital Corporation, in its capacity as agent thereunder, and certain financial institutions from time to time party thereto (as the same may from time to time be amended, modified, supplemented or restated) (the “GE Loan Agreement”).
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Related to GE Indebtedness

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • 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.

  • Acquisition Indebtedness means any Indebtedness of the Company or any Subsidiary that has been incurred for the purpose of financing, in whole or in part, an Acquisition and any related transactions (including for the purpose of refinancing or replacing all or a portion of any related bridge facilities or any pre-existing Indebtedness of the Persons or assets to be acquired); provided that either (a) the release of the proceeds thereof to the Company and the Subsidiaries is contingent upon the substantially simultaneous consummation of such Acquisition (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition, or if such Acquisition is otherwise not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness, then, in each case, such proceeds are, and pursuant to the terms of such definitive documentation are required to be, promptly applied to satisfy and discharge all obligations of the Company and the Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or a similar provision) if such Acquisition is not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition or such Acquisition is otherwise not consummated by the date so specified, such Indebtedness is, and pursuant to such “special mandatory redemption” (or similar) provision is required to be, redeemed or otherwise satisfied and discharged within 90 days of such termination or such specified date, as the case may be).

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Lender pursuant to the Loan Documents or any other communication or writing by or between Borrower and Lender related to the transaction or transactions that are the subject matter of the Loan Documents, except such indebtedness which has been paid or is payable by Borrower to Lender under this Note.

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • Permitted Convertible Indebtedness means senior, unsecured Indebtedness of the Borrower or any Restricted Subsidiary that is convertible into shares of common stock of the Borrower (or other securities or property following a merger event, reclassification or other change of the common stock of the Borrower), cash or a combination thereof (such amount of cash determined by reference to the price of the Borrower’s common stock or such other securities or property), and cash in lieu of fractional shares of common stock of the Borrower.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Designated Indebtedness means any Indebtedness that has been designated by the Borrower at the time of the incurrence thereof as “Designated Indebtedness” for purposes of this Agreement in accordance with the requirements of Section 6.01.

  • Securitization Indebtedness means (1) Indebtedness of the Issuer or any of its Restricted Subsidiaries incurred pursuant to on-balance sheet Securitizations treated as financings and (2) any Indebtedness consisting of advances made to the Issuer or any of its Restricted Subsidiaries based upon securities issued by a Securitization Entity pursuant to a Securitization and acquired or retained by the Issuer or any of its Restricted Subsidiaries.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

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

  • 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.

  • Indebtedness means, with respect to any Person, without duplication:

  • Company Indebtedness means all Indebtedness of the Acquired Company and the Acquired Subsidiaries, including (with respect to calculations at or as of the Closing Date) the amount of any prepayment penalty or premium for redemption or repayment thereof on the Closing Date, all calculated in accordance with the Accounting Principles.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Unsecured Indebtedness means Indebtedness which is not Secured Indebtedness.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Restricted Indebtedness means Indebtedness of Holdings, the Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 6.09(b).

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

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

  • Public Indebtedness means any payment obligation, including any contingent liability, of any person arising from bonds, debentures, notes or other securities that (A) are, or were intended at the time of issuance to be, quoted, listed or traded on any securities exchange or other securities market (including, without limiting the generality of the foregoing, securities eligible for resale pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (or any successor law or regulation of similar effect)) and (B) have an original maturity of more than one year or are combined with a commitment so that the original maturity of one year or less may be extended at the option of Mexico to a period in excess of one year;

  • Permitted Indebtedness means, without duplication, each of the following:

  • Permitted Secured Indebtedness any Secured Indebtedness that: