Examples of GECC Loan Agreement in a sentence
The Search Parties shall give prompt notice to HFG of any default or claim of default by any party under the GECC Loan Agreement in addition to those certified to HFG in writing before execution of this agreement, and shall extend to HFG the opportunity to cure any such default and be subrogated to GECC's position to the extent of such cure.
Without the prior express written consent of HFG, which HFG shall not unreasonably withhold, no Search Party may modify the GECC Loan Agreement.
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.
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.
The Company shall not (and shall not permit any of its Subsidiaries to) engage in any speculative transaction or any transaction involving commodity options or futures contracts (other than (i) transactions in the ordinary course of business consistent with past practice and (ii) interest rate swap, cap or collar agreements pursuant to the GECC Loan Agreement).