Examples of GST LLC in a sentence
Borrowings under the credit facility are secured by specified assets of the Company and our U.S. operating subsidiaries, other than GST LLC, and primarily include accounts receivable, inventory, equipment, real property elected to be pledged, deposit accounts, intercompany loans, intellectual property and related contract rights, general intangibles related to any of the foregoing and proceeds related to disposal or sale of the foregoing.
We also had non-contributory defined benefit pension plans in Canada and Mexico prior to the deconsolidation of GST LLC.
Amounts included in our financial statements arising from transactions with GST include the following: Financial Statement Years Ended December 31, Location 2012 Financial Statement As of December 31, Additionally, we had outstanding foreign exchange forward contracts with GST LLC involving the Australian dollar, Canadian dollar, Mexican peso and U.S. dollar with a notional amount of $21.9 million as of December 31, 2012.
If GST LLC is unable to pay ordinary course operating expenses, under certain conditions, GST LLC can require Coltec and Stemco to pay in cash the accrued PIK interest necessary to meet such ordinary course operating expenses, subject to certain caps.
Credit Facility Our primary U.S. operating subsidiaries, other than GST LLC, are parties to a senior secured revolving credit facility with a maximum availability of $175 million.
Xxxxx Title: Chief Financial Officer JMG GST LLC By: /s/ Xxxx Gellert______________________________ Name: Xxxx Xxxxxxx Title: Manager Xxxxxxxxxxx-Close Investment Partnership LP By: /s/ Xxxx X.
Credit FacilityOur primary U.S. operating subsidiaries, other than GST LLC, are parties to a senior secured revolving credit facility with a maximum availability of$175 million.
In connection with Mr. Magee’s retirement, we entered into agreements with him pursuant to which he agreed to serve as a consultant to support our company and its subsidiaries, including GST LLC and Garrison Litigation Management Group, Ltd.
The Notes payable to GST LLC computation would be considered Level 2 since it is based on rates available to the Company for debt with similar terms and maturities.
GST LLC, Anchor and Garrison may be collectively referred to as “GST.” The deconsolidation of GST from the Company’s financial results, discussed more fully in Note 19, required certain intercompany indebtedness described below to be reflected on the Company’s Consolidated Balance Sheets.