SLG Financing Contract definition

SLG Financing Contract means a Financing Contract (i) pursuant to which the Customer is a State and Local Government Entity, (ii) entered into after the date hereof and (iii) which has been or is to be transferred to GE pursuant to Section 5.7. No Program Facilities Management Contract and no Program Equipment Management Agreement shall, in any event, be deemed to constitute an SLG Financing Contract.
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SLG Financing Contract means an Originated Financing Contract pursuant to which the Customer is a State and Local Government Entity.
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Examples of SLG Financing Contract in a sentence

  • Notwithstanding anything to the contrary in this Section 5.7(a)(i)(A), GECITS acknowledges and agrees that with respect to any IKON Originated Financing Contract or SLG Financing Contract that is sold, transferred, conveyed and assigned to GECITS hereunder, GECITS shall assume each obligation of IKON, as lessor, under such IKON Originated Financing Contract or SLG Financing Contract (as applicable) other than any Equipment Service Obligations.

  • This Agreement constitutes a valid sale, transfer, conveyance and assignment from IKON to GECITS (or GE's designee under Section 5.7(c)) (and not solely a transfer for security purposes) of the Equipment subject to such Program Financing Contract or related to such Program FM Stream Financing or Program EM Stream Financing (and any related IKON Originated Financing Contract, SLG Financing Contract, Program FM Stream Financing, Program EM Stream Financing and Purchased Assets (as applicable)).

  • After GE’s approval of an Application (but before GE’s funding of the related Originated Financing Contract), IKON will deliver to GE a copy of such Customer’s board minutes or other document(s) evidencing approval of the prospective SLG Financing Contract by such Customer’s governing body.

  • If GECITS determines in its sole discretion to enter into any such proposed Originated Financing Contract or to purchase from IKON any IKON Originated Financing Contract, SLG Financing Contract or Program Stream Financing with such offered or requested recourse to IKON, IKON and GECITS shall, on each such occasion, agree as to the extent of IKON’s liability and IKON and GECITS shall execute mutually acceptable agreements and indemnities with respect thereto.

  • IKON shall and shall cause each other applicable IKON Company to use commercially reasonable efforts to assist GE in obtaining from any such third party supplier, in connection with any proposed Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Contract, Program EM Stream Financing or Program FM Stream Financing, any required consent to an assignment by the Customer to GE of such Customer’s purchase order for such Non-Core Equipment.

  • If IKON offers to provide to GECITS any such recourse in respect of a proposed Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Contract or Program Stream Financing, GECITS shall promptly notify IKON as to whether, in its sole discretion, GECITS shall approve such Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Contract or Program Stream Financing (as applicable).

  • In addition, from time to time IKON may offer to provide (or GE may request that IKON provide) GECITS with recourse for losses suffered by GECITS in connection with a proposed Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Contract or Program Stream Financing.

  • Such assignment shall include all of IKON’s rights to such Equipment (and IKON Originated Financing Contract, SLG Financing Contract, Program FM Stream Financing, Program EM Stream Financing and Purchased Assets with respect thereto, but shall not include any Equipment Service Obligations and any obligation under any warranties (whether or not set forth in the applicable Program Financing Contract or related Program Stream Financing Agreement).

  • After GE's approval of an SLG Financing Contract, Program FM Stream Financing or Program EM Stream Financing (but before GECITS' purchase thereof), IKON shall deliver to GE a copy of such Customer's board minutes or other documents evidencing approval and such other document(s) as may be required pursuant to the Credit Approval Policy.

  • After GE’s approval of an SLG Financing Contract, Program FM Stream Financing or Program EM Stream Financing (but before GECITS’ purchase thereof), IKON shall deliver to GE a copy of such Customer’s board minutes or other documents evidencing approval and such other document(s) as may be required pursuant to the Credit Approval Policy.