Examples of GECC Agreement in a sentence
For purposes of this Section 5.6, so long as Borrower has not failed to comply with Section 6.24 hereof, the requirement to refinance the GECC Agreement shall not constitute a Material Adverse Change.
The Company and GECC shall have executed and delivered the New GECC Agreement (including Amendment No. 1 thereto) in form and substance satisfactory to the Holder and its in-house counsel.
After giving effect to the amendments in Section 4 and the waivers in Section 6 of this Amendment and Waiver and after giving effect to the New GECC Agreement, no event has occurred and no condition exists which, upon execution and delivery of this Amendment and Waiver, would constitute a Default or Event of Default.
Borrower shall perform, keep or observe any term, provision, condition or covenant or agreement contained in each Bond Insurance Policy, the GECC Agreement and any other agreement evidencing Indebtedness.
Initially, GECC paid approximately $100 million to purchase the equipment from QR.5 Prior to the Petition Date, QR defaulted on the GECC 5 As discussed below, additional amounts were funded under a separate schedule to the GECC Agreement, which was subsequently assigned to RBS pursuant to the RBS Agreement.Agreement and GECC terminated the GECC Agreement.
An early discharge program: An entrepreneurial nursing practice becomes a hospital-affiliated agency.
QR’s prepetition defaults under the GECC Agreement also resulted in defaults under the RBS Agreement.
Section 8.1(j) of the Loan Agreement is hereby amended to provide as follows: (j) If a default or event of default occurs under the GECC Agreement or under the terms of any other Indebtedness (other than Non-Recourse Debt) aggregating in excess of $3,000,000 (with respect to any particular item of Indebtedness or in the aggregate and in each case after any applicable cure or grace period) regardless of whether such default or event of default is waived or amended.
Borrower shall perform, keep and observe each term, provision, condition or covenant or agreement contained in each Bond Insurance Policy, the GECC Agreement and any other agreement evidencing Indebtedness.
The Company agrees that in the event the Company pays, offers to pay or is required to pay any remuneration (other than (x) the Line Fee [as such term is defined in the New GECC Agreement, (y) warrants granted by TFC Enterprises, Inc.