GMAC Financing definition

GMAC Financing means the financing originally provided by GMAC Commercial Mortgage Bank, in the original principal amount of $13,100,000, with respect to the Properties.
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GMAC Financing means a credit facility established by the Company with GMAC Commercial Finance LLC, on or after April 30, 2007, in an amount deemed necessary by the Company in its reasonable discretion to fund the working capital needs of the Company and the projected needs of Parent and its Subsidiaries following the Merger.
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GMAC Financing means, collectively, the Indebtedness and other obligations under or relating to the Term Financing and the Revolving Financing.
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Examples of GMAC Financing in a sentence

  • The security interest herein granted is in addition to any statutory lien for the Rent and shall be subordinate to the lien of any Facility Mortgage, including any lien imposed in connection with the GMAC Financing Documents.

  • Tenant acknowledges the existence of the GMAC Financing and agrees to provide notice of any Landlord default to GMAC Commercial Mortgage Bank at the following address: GMAC Commercial Mortgage Corp.

  • Tenant acknowledges the existence of the GMAC Financing and agrees to provide notice of any Landlord default to GMAC Commercial Mortgage Bank at the following address: [GMAC Commercial Mortgage Corp.

  • The GMAC Financing shall have been consummated in form and substance satisfactory to the Purchasers in the Purchasers’ sole discretion and the Purchasers shall have been provided copies of all agreements, instruments and documents in connection therewith.

  • The GMAC Financing shall have been consummated in form and substance satisfactory to the Purchasers in the Purchasers' sole discretion and the Purchasers shall have been provided copies of all agreements, instruments and documents in connection therewith.

  • Seller shall have delivered a payoff letter from GMAC Financing evidencing payment in full of that certain loan in the original principal amount of $36,217.44 provided by GMAC to Seller.

  • Tenant acknowledges the existence of the GMAC Financing and agrees to provide notice of any Landlord default to GMAC Commercial Mortgage Corporation at the following address: [GMAC Commercial Mortgage Corp.

  • If all of the indebtedness under the GMAC Credit Agreement is satisfied and any obligations to lend thereunder are terminated, Parent shall promptly enter into and deliver to Agent Deposit Account Control Agreements that are reasonably satisfactory to Agent with respect to any deposit accounts that were subject to deposit account control agreements as part of the GMAC Financing.


More Definitions of GMAC Financing

GMAC Financing means the Series 2003-2 Note Purchase Agreement, dated as of October 14, 2003 among General Motors Acceptance Corporation, Vanguard Car Rental USA Inc. and Vanguard SPE I Inc., and the Related Documents referred to therein;
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Related to GMAC Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.