Examples of GECC Member in a sentence
The GECC Member is in compliance with all applicable laws, rules, regulations, orders, licenses, judgments, writs, injunctions, decrees or demands, except to the extent that the failure to be in such compliance would not have a Material Adverse Effect.
In the event that the Company derives any income that is non-qualifying for purposes of Section 851(b)(2) of the Code as a result of a Business, the Administrative Agent shall notify GECC Member within sixty (60) days thereof.
Notwithstanding anything to the contrary contained in this Agreement, after termination of the Property Management Agreement, the GECC Member shall have the sole and exclusive authority on behalf of the Company to appoint and employ any self-storage operator to provide asset and property management services to the Company and its Subsidiaries for the Projects and pay such operator market rate compensation.
Notwithstanding any provision of this Agreement to the contrary, the GECC Member shall have the sole and exclusive authority to enforce this provision on behalf of the Company.
As a material inducement to the Developer Member's execution and delivery of this Agreement, the GECC Member represents and warrants to the Developer Member with respect to the matters set forth on Schedule 2.9 hereto, each such warranty and representation being made as of the Effective Date.
The Environmental Reports shall be prepared by an environmental engineer or consultant selected from a list of engineers and consultants approved from time to time by the GECC Member pursuant to a scope of work approved from time to time by the GECC Member.
The GECC Member is not a "foreign person" within the meaning of Section 1445 or 7701 of the Code.
Each of NextEra Sponsor and NextEra Member hereby represents and warrants as to itself to GECC Sponsor, GECC Member, Sumitomo Sponsor, Sumitomo Member and NRG Member that (a) it has duly authorized, executed and delivered this Amendment and (b) each of the representations and warranties made in Section 4.1 of the Investment Agreement is true and correct as of the date of this Amendment.
Ownership interests in the GECC Member may be Transferred so long as the GECC Member is controlled by a GECC Affiliate.
No change, revision or other amendment to an approved Annual Business Plan will change or modify the Performance Benchmarks, which may be changed only by the express, written approval of the Developer Member and the GECC Member in the exercise of their respective sole discretion.