Examples of PNC Agreement in a sentence
Instead, Jetro’s credit card processor, PNC Bank, processed payments made with MasterCard cards at Jetro stores pursuant to a contract between PNC and Jetro (the PNC Agreement).
Prior to the consummation of the refinancing, Advanced Technology Asset Management, LLC ("ATAM") (formerly ETC Asset Management, LLC), a shareholder of the Company and a holder of warrants to purchase 332,820 shares of the Company's common stock, consented to the transactions contemplated under the PNC Agreement and the financing provided by Mr. Lenfest, including the below market issuance of warrants to Mr. Lenfest.
In addition, in the event the Company shall be required to pay a fee pursuant to clause (i) of the preceding sentence and, prior to the date which is ninety days following the termination of this Agreement, the Company shall acquire all or substantially all of the assets subject to the PNC Agreement, the Company shall pay to one or more designees of the Xxxxxx X.
The Collection Agent shall, within one Business Day after the Collection Agent's receipt thereof, remit to the Collection Account any payment received by the Collection Agent pursuant to the PNC Agreement which relates to an amount due and owing under this Agreement, unless otherwise previously paid by the Collection Agent or Transferor hereunder or by PNC directly to the Administrative Agent.
Bank Credit and Facility The PNC Agreement has had numerous amendments the most recent of which is discussed below.
At the Closing, NET shall provide to the Surviving Corporation any funds necessary to repay all indebtedness owed to PNC by the Company pursuant to the PNC Agreement.
All material contracts to which the Company or its Subsidiaries are parties on or prior to the date hereof which will be required to be described or filed as an Exhibit in the SEC Documents required to be filed following the date hereof, including any amendment to the PNC Agreement have been provided to the Purchasers or are listed on Schedule 3.11 and are in full force and effect.
The Company shall use the net proceeds from the sale of the Securities hereunder for the repayment of debt incurred under the PNC Agreement and for working capital purposes and not for the satisfaction of any portion of the Company's debt (other than pursuant to the PNC Agreement and payment of (a) trade payables in the ordinary course of the Company's business and consistent with prior practices or (b) capital lease obligations).
Create, incur, assume or suffer to exist any Indebtedness, except: 69 CHAR1\2011656v6 (a) (i) Indebtedness under the Loan Documents, (ii) Indebtedness incurred under the BofA Agreement, (iii) Indebtedness incurred under the PNC Agreement and (iv) Indebtedness under the Capital One Agreement.
Create, incur, assume or suffer to exist any Indebtedness, except: (a) (i) Indebtedness under the Loan Documents, (ii) Indebtedness incurred under the PNC Agreement, (iii) Indebtedness incurred under the Key Agreement and (iii) Indebtedness incurred under the Capital One Agreement.