GECC Facility definition

GECC Facility means the Credit Agreement, dated as of June 30, 2000, among the Company and its Subsidiaries, and General Electric Capital Corporation, Key Bank National Association and the other lenders thereunder.
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GECC Facility means (i) the Loan Agreement dated as of June 23, 2003 among General Electric Capital Corporation and certain subsidiaries of the Issuer party thereto and (ii) the Guaranty Agreement dated as of June 23, 2003 between the Issuer and General Electric Capital Corporation, in each case as such agreement may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time.
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GECC Facility means the Loan Agreement, dated as of December 28, 2007, among Borrower, the guarantors party thereto, General Electric Capital Corporation as agent for the lenders party thereto, General Electric Capital Corporation as security trustee and General Electric Capital Corporation and Oxford Finance Corporation as lenders, as such agreement may be amended, supplemented or otherwise modified from time to time.
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Examples of GECC Facility in a sentence

  • If (i) Liberty Livewire, Inc., a Delaware corporation ("Liberty Livewire"), has failed to execute and deliver the guaranty contemplated by the letter agreement, dated June 30, 2000, among the Company and the other parties to the GECC Facility and (ii) but for Liberty Livewire's failure to execute such guaranty, the condition set forth in the previous sentence would be satisfied, Parent and Merger Sub may not assert that the condition set forth in the previous sentence has not been satisfied.

  • Buyer acknowledges and agrees that FVP has no obligation (other than to use commercially reasonable efforts as provided above) to obtain the GECC Facility Consent and that obtaining the GECC Facility Consent is not a condition precedent to Buyer's obligations hereunder.

  • An (i) event of default (however described) has occurred under any of the GECC Credit Facility or the Indenture provided that such event of default has not been remedied or waived in accordance with the relevant document or (ii) any of the GECC Facility or the Indenture terminates or is terminated for any reason.

  • Upon investigation, Boken learned that the projected pay down of the GECC Facility did not occur as anticipated due to the miscalculation of the borrowing base on that facility.

  • Except for the Indebtedness in favor of GECC under the GECC Facility, any Indebtedness that is unsecured, or any Indebtedness incurred in the ordinary course of business for small leases and loans in individual amounts not exceeding $50,000 and in the aggregate not exceeding $500,000, GAC agrees not to incur, create, assume or permit to exist any additional Indebtedness for borrowed money (other than the Obligations).

  • Payment of Notes Called for Redemption...................................53 SECTION 3.08.

  • From and after the Termination Date, comply with each and every covenant set forth in Sections 6 and 7 of the GECC Facility (as in effect on the date hereof).

  • The Reporting Company explained that it was fully drawn on the Prepetition Loan Facility, and would fund ongoing operations by accessing remaining availability under the GECC Facility and certain foreign receivables factoring and “fast pay” financing programs.

  • The Company represents that the only agreements to which the Company is a party pursuant to which the sale by Odyssey could result in a default or violate a covenant thereof are the Loan Agreement dated October 30, 1992, as amended, with General Electric Capital Corporation (the "GECC Facility") and the Loan and Security Agreement dated December 27, 1991, as amended with The CIT Group/Equipment Financing, Inc.

  • This consumption occurred, in part, because the GECC Facility was not paid down as anticipated.


More Definitions of GECC Facility

GECC Facility means the "Loan and Security Agreement" together with the Loan Documents defined therein between GECC and GAC Credit Corporation dated on or about May 1, 1992, as such may be amended or modified from time to time, and includes any replacement to such loan facility entered into between GECC and GAC.
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Related to GECC Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Electric Facility means a Generator or an electric transmission facility.

  • Public facility means 1 or more of the following:

  • Holding facility means a designated area for the retention of

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Bank Facility means any credit agreement, including the Credit Agreement dated December 17, 2014, among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended on April 30, 2015, December 8, 2015, and December 22, 2016, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Triage facility means a short-term facility or a portion

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • New Credit Facility is defined in Section 9.8.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.