GECC Term Loan definition

GECC Term Loan means the $100 million term loan made pursuant to the Credit Agreement dated as of December 18, 2009, by and among NRS Ventures, L.L.C., as borrower, the lenders party thereto in their capacities as lenders thereunder and General Electric Capital Corporation, as administrative agent and a lender, 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, indentures or similar agreements extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Issuer as additional borrowers or guarantors thereunder), and 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, lender or group of lenders.
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GECC Term Loan means “Loans” under and as defined in the GECC Term Loan Agreement.
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GECC Term Loan means “Loans” as defined in the GECC Term Loan Agreement in an amount outstanding on the Funding Date, reduced by the amount of prepayments thereof made from the Funding Date.
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Examples of GECC Term Loan in a sentence

  • Interest on the borrowings under the GECC Term Loan accrues at an annual rate of 9.75%.

  • GameBlazers may also impose limits on certain features and services or restrict your access to parts or all of the Services without notice or liability.

  • If during the first three months following this offering we issue senior unsecured debt securities in excess of $3.0 billion, the net proceeds of such debt (subject to certain limited exceptions) shall be applied to prepay outstanding principal amounts of the New GECC Term Loan Facility and New Bank Term Loan Facility on a pro rata basis.

  • General Electric Capital Corporation In September 2010, the Company entered into a $15 million loan and security agreement, as amended in November 2010, March 2011, July 2011 and January 2012, with General Electric Capital Corporation (GECC) and one other lender, all of which was funded at the closing in September 2010 (the GECC Term Loan).

  • The Argentine population has already suffered greatly over the last four years, with more than 21 percent official unemployment, and more than half the population falling below the official poverty level.

  • For a small selection of research that challenges such policies, globally as well as in the context of Turkey, see Sachs (2001), Yeldan (2001), Stiglitz (2002), Akyüz and Boratav (2003), Harvey (2006), Ekinci and Ertürk (2007), Bağımsız Sosyal Bilimciler (2008), and Buğra (2008).

  • We intend to use the net proceeds from this offering (or equivalent cash amounts) to prepay outstanding principal amounts under the GECC Term Loan Facility and/or the Bank Term Loan Facility, in each case pursuant to the terms thereunder.

  • These expenses have been deferred and, together with the origination fees, are included in other assets, and will be expensed over the term of the GECC Term Loan.

  • The Company may prepay the full amount of the GECC Term Loan, subject to prepayment premiums under certain circumstances.

  • Interest Expense, net Three Months Ended June 30, 2015 to 2014 Change20152014 $%(dollars in millions)Interest expense, net $ 0.3 $ 0.6 $ (0.3) (50)% In 2015 as compared to 2014, interest expense decreased due to principal payments under the GECC Term Loan and the original three-year $2.0 million loan under the Oxford Term Loan.


More Definitions of GECC Term Loan

GECC Term Loan means “Loans” as defined in the GECC Term Loan Agreement in an amount outstanding on the Funding Date, reduced by the amount of prepayments thereof made from the Funding Date.
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Related to GECC Term Loan

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

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

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Replacement Term Loans shall have the meaning provided in Section 13.1.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $62,680,000, as such amount may be reduced or increased from time to time pursuant to this Agreement.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Total Term Loan Commitment means, at any time, the sum of the Term Loan Commitments of each of the Lenders at such time.

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