Document:

EX-4.J

 

Exhibit 4(j)

CONFIRMATION

	 	 	 
	Date:

	 	November 16, 2004
	 
	 	 
	To:

	 	GE Commercial Equipment Financing LLC, Series 2004-1 (“Party B”)
	 
	 	 
	Attention:

	 	Manager, Conduit Administration
	 
	 	 
	From:

	 	General Electric Capital Services, Inc. (“Party A”)
	 
	 	 
	Transaction Reference Number:

	 	N/A

The purpose of this letter agreement is to set forth the terms and conditions of the Transaction
entered into between us on the Trade Date referred to below. This letter constitutes a
“Confirmation” as referred to in the Master Agreement specified below.

The definitions and provisions contained in the 2000 ISDA Definitions (as published by the
International Swap and Derivatives Association, Inc., as such definitions are modified and amended
by the Schedule to the Master Agreement) (the “Definitions”) are incorporated into this
Confirmation. In the event of any inconsistency between those definitions and provisions and this
Confirmation, this Confirmation will govern.

This Confirmation supplements, forms a part of, and is subject to, the ISDA Master Agreement dated
as of November 16, 2004, as amended or supplemented from time to time (the “Master
Agreement”) between you and us. All provisions contained in the Master Agreement shall govern
this Confirmation except as expressly modified below.

The capitalized terms used herein and not otherwise defined herein, in the Master Agreement or in
the Definitions shall have the meanings assigned to them in the Indenture, dated as of November 16,
2004, between Party A and JPMorgan Chase Bank, N.A., as Indenture Trustee (the “Indenture”) and the
Servicing Agreement, dated as of November 16, 2004, between Party A and General Electric Capital
Corporation, as Servicer (the “Servicing Agreement”), each as amended or supplemented from
time to time.

The terms of the particular Transaction to which this Confirmation relates are as follows:

	 	 	 	 	 
	Type of Transaction:	 	Hybrid Rate Swap
	 
	 	 	 	 
	Notional Amount:	 	With respect to any Calculation Period, the product of (i) the aggregate Loan
Value of the Hybrid Loans as of the beginning of the calendar month in which the
Calculation Period commenced; and (ii) the lesser of (x) the quotient of (a) the
Outstanding Principal Balance of the Notes immediately after the Payment Date on
which such Calculation Period commences; divided by (b) the Pool
Balance as of the beginning of the calendar month in which the Interest Accrual
Period commenced and (y) 1.0. The

 

 

	 	 	 	 	 
	 

	 	 	 	Notional Amount for the first Calculation
Period is USD 139,869,789.56.
	 
	 	 	 	 
	Trade Date:	 	November 10, 2004
	 
	 	 	 	 
	Effective Date:	 	November 16, 2004
	 
	 	 	 	 
	Termination Date:	 	The earlier of (i) the Payment Date
occurring in December 2015; (ii) the
Payment Date on which the aggregate
outstanding Loan Values of the Hybrid
Loans is zero; (iii) the Payment Date on
which the Outstanding Principal Balance of
the Notes is reduced to zero and (iv) an
Early Termination Date.
	 
	 	 	 	 
	Payment Date:	 	One Business Day prior to the last day of
each Calculation Period.
	 
	 	 	 	 
	Calculation Period:	 	Initially, the period from and including
the Effective Date to but excluding,
December 20, 2004, and for each period
the reafter, from and including the
twentieth day of each calendar month to
and excluding the twentieth day of the
next calendar month.
	 
	Business Day Convention:	 	Following
	 
	 	 	 	 
	Business Day:	 	New York
	 
	 	 	 	 
	Party B Floating Rate Amounts:	 	 
	 
	 	 	 	 
	 

	 	Party B Floating Rate Payer:
	 	Party B
	 
	 	 	 	 
	 

	 	Party B Floating Rate Payer

Payment Date:
	 	Each Payment Date
	 
	 	 	 	 
	 

	 	Party B Floating Rate Payer

Period End Dates:
	 	
Last day of each Calculation Period, subject to adjustment in accordance with
the Following Business Date Convention.
	 
	 	 	 	 
	 

	 	Party B Floating Rate:
	 	Hybrid Rate
	 
	 	 	 	 
	 

	 	 	 	“Hybrid Rate” means with respect to any Calculation
Period, a rate based upon the weighted average of the
interest rate index applicable to the Hybrid Loans as
determined by Party B.
	 
	 	 	 	 
	 

	 	 	 	“Hybrid Loan” means each Loan that accrues interest based
upon an index that is determined by reference to a floating
rate
and that is convertible at the option of the Obligor
thereunder to a fixed rate based on a benchmark index.
	 
	 	 	 	 
	 

	 	 	 	GECS Hybrid Loan Rate Confirmation

 

 

	 	 	 	 	 
	 

	 	Spread:
	 	1.45 basis points (0.0145%) per annum
	 
	 	 	 	 
	 

	 	Party B Floating Rate Day

Count Fraction:
	 	Actual/360
	 
	 	 	 	 
	LIBOR Floating Rate Amounts:	 	 
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Payer:
	 	Party A
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Payer

Payment Dates:
	 	Each Payment Date
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Payer

Period End Dates:
	 	

The last day of each Calculation Period, subject to adjustment in accordance
with the Following Business Date Convention.
	 
	 	 	 	 
	 

	 	Reset Date:
	 	The first day of each Calculation Period, subject to adjustment in accordance
with the Following Business Date Convention.
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate:
	 	USD-LIBOR-BBA
	 
	 	 	 	 
	 

	 	Designated Maturity:
	 	One month
	 
	 	 	 	 
	 

	 	Cap Rate:
	 	N/A
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Day

Count Fraction:
	 	Actual/360
	 
	 	 	 	 
	 

	 	Compounding:
	 	N/A
	 
	 	 	 	 
	 

	 	Business Days:
	 	New York
	 
	 	 	 	 
	Calculation Agent:	 	Party A
	 
	 	 	 	 
	Account Details	 	 
	 
	 	 	 	 
	Payments to Party A: To be provided in written instructions.

	 
	 	 	 	 
	Payments to Party B: To be provided in written instructions.

	 
	 	 	 	 
	 

	 	 	 	[Rest of page intentionally left blank]
	 
	 	 	 	 
	 

	 	 	 	GECS Hybrid Loan Rate Confirmation

 

 

     Please confirm that the foregoing correctly sets forth the terms of our agreement by executing
the copy of this Confirmation enclosed for that purpose and returning it to us.

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted and confirmed as of

the date first above written:

	 	 	 	 	 
	GE COMMERCIAL EQUIPMENT FINANCING LLC, SERIES 2004-1	 	 
	 
	 	 	 	 
	By:

	 	CEF Equipment Holding, L.L.C.

its Managing Member	 	 
	 
	 	 	 	 
	By
	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

GECS Hybrid Loan Rate ConfirmationEX-4.K

 

Exhibit 4(k)

	 	 	 
	 

	 	     CONFIRMATION
	 
	 	 
	Date:

	 	June 16, 2005
	 
	 	 
	To:

	 	CEF Equipment Holding, L.L.C.
(“Party B”)
	 
	 	 
	Attention:

	 	Manager, Conduit Administration
	 
	 	 
	From:

	 	General Electric Capital Services,
Inc. (“Party A”)
	 
	 	 
	Transaction Reference Number:

	 	19496

The purpose of this letter agreement is to set forth the terms and conditions of the Transaction
entered into between us on the Trade Date referred to below. This letter constitutes a
“Confirmation” as referred to in the Master Agreement specified below.

The definitions and provisions contained in the 2000 ISDA Definitions (as published by the
International Swap and Derivatives Association, Inc., as such definitions are modified and amended
by the Schedule to the Master Agreement) (the “Definitions”) are incorporated into this
Confirmation. In the event of any inconsistency between those definitions and provisions and this
Confirmation, this Confirmation will govern.

This Confirmation supplements, forms a part of, and is subject to, the ISDA Master Agreement dated
as of June 16, 2005, as amended or supplemented from time to time (the “Master Agreement”)
between you and us. All provisions contained in the Master Agreement shall govern this
Confirmation except as expressly modified below.

The capitalized terms used herein and not otherwise defined herein, in the Master Agreement or in
the Definitions shall have the meanings assigned to them in the Indenture, dated as of June 16,
2005, between GE Commercial Equipment Financing LLC, Series 2005-1 and JPMorgan Chase Bank, N.A.,
as Indenture Trustee (the “Indenture”) and the Servicing Agreement, dated as of June 16,
2005, between GE Commercial Equipment Financing LLC, Series 2005-1 and General Electric Capital
Corporation, as Servicer (the “Servicing Agreement”), each as amended or supplemented from
time to time.

The terms of the particular Transaction to which this Confirmation relates are as follows:

	 	 	 
	Type of Transaction:

	 	One-Year Reset Rate Swap
	 
	 	 
	Notional Amount:

	 	With respect to any Calculation Period, the product of (i) the aggregate Loan
Value of Loans that bear interest based on a one-year constant treasury maturity
index (“CMT Loans”) and loans that bear interest at USD-LIBOR-BBA with a
Designated Maturity of twelve months (“12-month LIBOR Loans”) (collectively, the
“One-Year Reset Rate Loans”) as of the beginning of
the calendar month in which the Calculation Period commenced; and
(ii) the lesser of (x) the quotient of (a) the Outstanding Principal
Balance of the

1

 

	 	 	 	 	 
	 

	 	 	 	Notes immediately after the Payment
Date on which such Calculation Period commences; divided by (b) the Pool
Balance as of the beginning of the calendar month in which the
Calculation Period commenced and (y) 1.0. The Notional Amount for the
first Calculation Period is USD 8,765,774.86.
	 
	 	 	 	 
	Trade Date:	 	June 9, 2005
	 
	 	 	 	 
	Effective Date:	 	June 16, 2005
	 
	 	 	 	 
	Termination Date:	 	The earlier of (i) the Payment Date occurring in May, 2016; (ii) the
Payment Date on which the aggregate outstanding Loan Values of the
One-Year Reset Rate Loans is zero; and (iii) the Payment Date on which
the Outstanding Principal Balance of the Notes is reduced to zero.
	 
	 	 	 	 
	Payment Date:	 	One Business Day prior to the last day of each Calculation Period.
	 
	 	 	 	 
	Calculation Period:	 	Initially, the period from and including the Effective Date to but
excluding, July 20, 2005, and for each period thereafter, from and
including the twentieth day of each calendar month to and excluding the
twentieth day of the next calendar month.
	 
	 	 	 	 
	Business Day Convention:	 	Following
	 
	 	 	 	 
	Business Day:	 	New York
	 
	 	 	 	 
	Party B Floating Rate Amounts:	 	 
	 
	 	 	 	 
	 

	 	Party B Floating Rate Payer:
	 	Party B
	 
	 	 	 	 
	 

	 	Party B Floating Rate Payer	 	 
	 

	 	Payment Date:
	 	Each Payment Date
	 
	 	 	 	 
	 

	 	Party B Floating Rate Payer

Period End Dates:
	 	
Last day of each Calculation Period, subject to adjustment in accordance
with the Following Business Date Convention.
	 
	 	 	 	 
	 

	 	Party B Floating Rate:
	 	Reset Rate
	 
	 	 	 	 
	 

	 	 	 	“One-Year Reset Rate” means with respect to any Interest Accrual Period,
a rate based upon the weighted average of the interest rate index
applicable to (i) the one-year CMT

 

 

	 	 	 	 	 
	 

	 	 	 	Loans and (ii) the 12-month LIBOR
Loans, as determined by Party B.
	 
	 

	 	Spread:
	 	18.5 bps (0.185%) per annum
	 
	 	 	 	 
	 

	 	Party B Floating Rate Day	 	 
	 

	 	    Count Fraction:
	 	30/360
	 
	 	 	 	 
	LIBOR Floating Rate Amounts:	 	 
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Payer:
	 	Party A
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Payer

Payment Dates:
	 	Each Payment Date
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Payer

Period End Dates:
	 	
The last day of each Calculation Period, subject to adjustment in
accordance with the Following Business Date Convention.
	 
	 	 	 	 
	 

	 	Reset Date:
	 	The first day of each Calculation Period, subject to adjustment in
accordance with the Following Business Date Convention.
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate:
	 	USD-LIBOR-BBA
	 
	 	 	 	 
	 

	 	Designated Maturity:
	 	One month
	 
	 	 	 	 
	 

	 	Cap Rate:
	 	N/A
	 
	 	 	 	 
	 

	 	LIBOR Floating Rate Day	 	 
	 

	 	Count Fraction:
	 	Actual/360
	 
	 	 	 	 
	 

	 	Compounding:
	 	N/A
	 
	 	 	 	 
	 

	 	Business Days:
	 	New York
	 
	 	 	 	 
	Calculation Agent:	 	Party A
	 
	 	 	 	 
	Account Details	 	 

Payments to Party A: To be provided in written instructions.

Payments to Party B: To be provided in written instructions.

[Rest of page intentionally left blank]

 

 

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing

the copy of this Confirmation enclosed for that purpose and returning it to us.

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

Accepted and confirmed as of

the date first above written:

CEF EQUIPMENT HOLDING, L.L.C.

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	

	 	 
	 

	 	Name:	 	 
	 

	 	Title:

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