GE Tennessee definition

GE Tennessee shall have the meaning ascribed to such term in the first Paragraph of this Agreement and shall include any Permitted Intragroup Transferees thereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

GE Tennessee shall have the meaning ascribed to such term in the first Paragraph of this Agreement.

GE Tennessee shall have the meaning ascribed to such term in the second recital of this Agreement. GE Tennessee is an Initial Member and on the Amendment Date becomes the assignee of all of GECC’s beneficial interests and rights and remedies under this Agreement.

Examples of GE Tennessee in a sentence

Pursuant to the June 2008 Purchase and Sale Agreement, GE Tennessee and Holdco each transferred a portion of its Partnership Interest to PAG.
Pursuant to the June 2006 Purchase and Sale Agreement, GE Tennessee transferred a portion of its Partnership Interest to PTLC-LLC.
Pursuant to the December 2007 Purchase and Sale Agreement, GE Tennessee transferred a portion of its Partnership Interest to PTLC2-LLC.
Such calculation shall initially be made by PTLC and shall be confirmed in writing to GE Tennessee (or the assuming assignee as aforesaid) by the Auditor before any payment shall be required to be made by or on behalf of GE Tennessee (or such assignee) under this Subsection 9.3(i).
The tax deductions created by the remedial allocation method shall be allocated to GE Tennessee, and the offsetting remedial allocations of tax income shall be allocated to Penske.
Any payment due under this Section 2.5 shall be paid by wire transfer of immediately available funds to an account designated by GE Tennessee to Purchaser, or an account designated by Purchaser to GE Tennessee, as applicable, within three Business Days after the date on which the Final Purchase Price Statement becomes conclusive and binding on the Parties in accordance with the provisions of Section 2.4.
This Amendment constitutes consent by GE Tennessee to the amendment of the Organizational Documents of the Company pursuant to Section 4(b)(vi) of the COFIS Agreements.
The written approval of all of the Partners shall be required with respect to any amendment of this Agreement that would have either a disproportionate or a material adverse effect on the rights or obligations of any Partner; provided, that the consent of GE Tennessee shall also be required pursuant to Section 6.9 for amendments to such section and the sections and subsections specified therein.
The Members and GE Tennessee hereby agree that in no event will indemnification be required for any potential adverse tax impacts arising in connection with the consummation of a Third-Party Sale, Financing or Equity Offering or Alternative Structure.
In the event that (i) the Final Purchase Price is greater than the Initial Purchase Price, Purchaser shall pay to GE Tennessee, for the benefit of the Sellers, an amount equal to such difference or (ii) the Initial Purchase Price is greater than the Final Purchase Price, GE Tennessee, on behalf of the Sellers, shall pay to Purchaser an amount equal to such difference.

More Definitions of GE Tennessee

GE Tennessee shall have the meaning ascribed to such term in the first paragraph of this Agreement and shall include the successors and assigns thereof permitted under Subsection 6.9(r) of this Agreement.

GE Tennessee means General Electric Credit Corporation of Tennessee, a Tennessee corporation.

GE Tennessee has the meaning as defined in the preamble.

GE Tennessee shall have the meaning ascribed to such term in the second recital of this Agreement.