Examples of GE Loan in a sentence
The proceeds from the Umpqua Loan Agreement were used primarily to refinance the balance payable under a loan agreement with G.E. Capital (the G.E. Loan Agreement) in order to obtain a more favorable interest rate.
As a result of the early repayment of the G.E. Loan Agreement, the Medical Center recognized an aggregate loss of $308,474 during 2012, which resulted from a prepayment penalty of $100,000 and the write-off of unamortized deferred financing costs of $208,474.
The GE Loan Agreement shall contain (A) customary representations and warranties on the part of Emcore, (B) customary affirmative and negative covenants relating to Emcore and its business and (C) the general terms set forth on Schedule 3.01(a)(ii) attached hereto.
As a result of the receipt of the notice that we received from BARDA on April 4, 2014 advising us of its decision to de-scope the current SparVax® anthrax vaccine contract through a partial termination for convenience, GE Capital could assert that there has occurred an event of default under the GE Loan Agreement, which would allow GE Capital to terminate the commitment and the loans under the GE Loan Agreement and declare any or all of the obligations thereunder to be immediately due and payable.
NWP’s existing GE Loan and would likely put NWP into default status with GE.
The new responsible entity of the fund, being MacarthurCook Funds Management Limited (RE), has received a Commitment Letter from GE Capital Real Estate (GE) to make a loan of $18,375,000 for 2 years subject to the completion of due diligence and executing legal documents (GE Loan).
We currently owe GE Capital an aggregate of approximately $1.0 million under the GE Loan Agreement.
It is intended that the GE Loan of $18.375 million will be used to reduce the AXA Loan.
The GE Loan shall be evidenced by a mutually acceptable definitive loan agreement to be executed and delivered by GE and Emcore on or before the Closing Date (the "GE Loan Agreement").
The following Exhibit is filed as part of this Current Report on Form 8-K: Exhibit No. Description10.65 GE Loan Proposal, executed as of August 28, 2007, by and between the Company and General Electric Capital Corporation.