GECC Loan definition

GECC Loan means the $95,700,000 First Mortgage Loan to Fort Austin Real Estate Holdings, LLC, a Tennessee limited liability company, by General Electric Capital Corporation.
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GECC Loan shall have the meaning set forth in Section 2.23.
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GECC Loan means the loan agreement to be entered into on or about the Issue Date by the Real Property Non-Guarantor Subsidiaries as borrowers, General Electric Capital Corporation and the financial institutions who are or become parties to the loan agreement as lenders together with the related guaranty agreement by Parent, as guarantor, in favor of General Electric Capital Corporation, as agent for the lenders.
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Examples of GECC Loan in a sentence

  • Borrower shall have delivered Lender evidence reasonably satisfactory to Lender that Borrower has purchased an interest rate cap agreement (the "Required Interest Hedge") from an institution rated AA or better by S&P, such Required Interest Hedge to be for the term of the Loan, and to provide for a maximum interest rate of 9.75% on the principal amount of the GECC Loan.

  • In consideration for the services provided in connection with the arrangement and implementation of the consensual restructuring with certain holders of the Old Senior Notes and Old Subordinated Debentures including in respect of the GECC Loan Documents, on the Effective Date, the Debtor shall execute and issue the Arrangement Fee Note in favor of Oaktree Capital Management, LLC.

  • Except for the repayment in full of the GECC Loan, at any time, directly or indirectly, prepay any Indebtedness in an amount exceeding $500,000 (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness of any Borrower.

  • Without limitation of the foregoing, no Borrower shall change, amend, supplement, alter, add to or modify any provision of the GECC Loan Agreement or any other GECC Loan Documents (i) so as to make any such agreement more onerous or more restrictive to Borrowers than they are as of the Closing Date or (ii) if the effect thereof would be materially adverse to Borrowers or any of them.

  • The Existing Deed of Trust was first given as a part of the security for the promissory note referred to therein (the "Original Note") evidencing a loan made by GECC to the Grantor in the original principal amount of $10,000,000 (the "GECC Loan"), and encumbers certain real property as more particularly described therein (the "Original Property").

  • Upon and as of the Effective Date, the Lender hereby consents to the terms and conditions of the GECC Loan Agreement and the “Loan Documents” as defined therein, each in substantially the forms attached hereto as Exhibit A, and the incurrence of Indebtedness and granting of Liens contemplated thereby.

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  • The execution, delivery and performance by the Company of this Agreement, the Transaction Documents and the GECC Loan Agreement, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all necessary corporate action, and this Agreement, the Transaction Documents and the GECC Loan Agreement have been duly executed and delivered by the Company.

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More Definitions of GECC Loan

GECC Loan the loan made by General Electric Capital Corporation ("GECC") to SFC under the GECC Loan Agreement.
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GECC Loan means the loan from GECC secured by the GECC First Mortgages and the GECC Second Mortgages.
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GECC Loan means certain Indebtedness outstanding as of the date hereof of the HK Borrower to General Electric Credit Corporation in a principal amount equal to approximately $425,000.
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GECC Loan means that certain loan memorialized in the GECC Loan Agreement.
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GECC Loan. The first mortgage loan made by General Electric Capital Corporation in favor of Fort Austin and Fort Austin Operator, which loan is secured by a deed of trust or mortgage on the Fort Worth Facility, the Austin Facility and the Denver Facility.
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Related to GECC Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.