PNC Agreement definition

PNC Agreement means that certain Credit Agreement dated as of July 2, 2021 among the Borrower, the Parent Entity, the other guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent, as such agreement is amended, modified, restated or replaced from time to time.

PNC Agreement means the Revolving Credit and Security Agreement dated March 14, 2000, among Company, the other borrowers from time to time party thereto, Lenders and Agent, as such agreement may be amended, modified, restated, replaced, extended, refinanced, increased, renewed or supplemented from time to time, any and all agreements relating thereto and any agreement executed with or in favor of the Agent or any of the Lenders in connection with any amendment, modification, restatement, replacement, extension, refinancing, renewal or supplement thereof.

PNC Agreement has the meaning set forth in Section 8.03(a).

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).

• 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.

• 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).

• Xxxxx and [ * ] shall have executed and delivered to the Lender the Subordination, Forebearance and Waiver of Offset Rights Agreement substantially in the form attached hereto as Exhibit G (the "P.N.C. Subordination Agreement") which provides, in part, for the subordination of the Company's obligation to Lender pursuant to this Agreement to the Company's obligations pursuant to the P.N.C. Agreement.

• The Company shall have obtained alternative debt and/or equity financings pursuant to which the Company shall have satisfied all the Company's obligations to P.N.C. Bank under the P.N.C. Agreement (the "Alternative Financing(s)") and pursuant to any debt issued in such Alternative Financing(s), no amounts shall be due and payable for less than one (1) year following the Second Closing.

• 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.

• Simultaneously with the Closing, the Company shall complete the acquisition of assets contemplated by the PNC Agreement and the contemplated securitization of such assets, and the Company shall not have waived any material conditions to closing contained in the PNC Agreement unless such waiver is ratified or approved by the Purchasers, which waiver or approval shall not be unreasonably withheld.

• The current computational facilities at UWA will allow the full com- pletion of this project within the timescale of the DECRA.

More Definitions of PNC Agreement

PNC Agreement means that certain Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of June 5, 2018, by and among PNC Bank, National Association, as lender and as agent, Motorcar Parts of America, Inc., as US Borrower, and D&V Electronics Ltd., Xxxxx Electric Ltd., and Xxxxx Electric Inc., as the Canadian Borrowers, as amended.

PNC Agreement means that certain Credit Agreement, dated as of July 2, 2021 (as amended, restated, amended and restated, replaced, supplemented or otherwise modified from time to time), among the Borrower, the Parent Entity, any other guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent. “Property” means any real estate asset directly owned by any member of the Consolidated Group, any of its Subsidiaries or any Unconsolidated Affiliate. “Property Management Fees” means, with respect to each Property for any period, 3% of the aggregate base rent and percentage rent due and payable under leases with tenants at such Property. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 7.02. “Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualified at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Qualified Fees” means, to the extent earned on a current basis (i.e. expected to be paid or settled in 30 days but excluding any payments made with Equity Interests) and are not deferred (except as set forth in (vii) below) by (a) the Borrower, (b) a wholly-owned Subsidiary of the Borrower or (c) a majority owned Subsidiary of the Borrower in which the Borrower, directly or indirectly, has the sole discretion to distribute any Qualified Fees at such Subsidiary to the Borrower (for clarification purposes, with respect to any non- wholly owned Subsidiary, only the pro rata portion of those fees that can be distributed to the Borrower shall constitute Qualified Fees for the purposes hereunder), all amounts consisting of the following: (i) CHAR1\2011553v5 property management fees, (ii) asset management fees, (iii) leasing commissions, (iv) tenant improvement oversight fees, (v) property acquisition fees, (vi) property financing fees and (vii) deferred asset management fees; provided that if the Qualified Fees attributable to the fees incurred with respect to clauses (v), (vi) and (vii) above accounts for more than 40% of the aggregate Qualified Fees, the amount of such property acquisition fees, property financing fees and deferred asset mana...

PNC Agreement means that certain Credit Agreement dated as of July 2, 2021 (as amended, restated, amended and restated, replaced, supplemented or otherwise modified from time to time), among the Borrower, the Parent Entity, any other guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent. “Property” means any real estate asset directly owned by any member of the Consolidated Group, any of its Subsidiaries or any Unconsolidated Affiliate. 26 CHAR1\2016016v5 “Property Management Fees” means, with respect to each Property for any period 3% of the aggregate base rent and percentage rent due and payable under leases with tenants at such Property. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 7.02. “Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualified at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Qualified Fees” means, to the extent earned on a current basis (i.e. expected to be paid or settled in 30 days but excluding any payments made with Equity Interests) and are not deferred (except as set forth in (vii) below) by (a) the Borrower, (b) a wholly-owned Subsidiary of the Borrower or (c) a majority owned Subsidiary of the Borrower in which the Borrower, directly or indirectly, has the sole discretion to distribute any Qualified Fees at such Subsidiary to the Borrower (for clarification purposes, with respect to any non-wholly owned Subsidiary, only the pro rata portion of those fees that can be distributed to the Borrower shall constitute Qualified Fees for the purposes hereunder), all amounts consisting of the following: (i) property management fees, (ii) asset management fees, (iii) leasing commissions, (iv) tenant improvement oversight fees, (v) property acquisition fees, (vi) property financing fees and (vii) deferred asset management fees; provided that if the Qualified Fees attributable to the fees incurred with respect to clauses (v), (vi) and (vii) above accounts for more than 40% of the aggregate Qualified Fees, the amount of such property acquisition fees, property financing fees and deferred asset mana...

PNC Agreement means that certain Credit Agreement dated as of July 2, 2021 (as amended, restated, amended and restated, replaced, supplemented or otherwise modified from time to time), among the Borrower, the Parent Entity, any other guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent. “PNC Fee Letter” means that certain Fee Letter dated as of the Closing Date by and among the Borrower, PNC Bank, National Association and PNC Capital Markets LLC. “Property” means any real estate asset directly owned by any member of the Consolidated Group, any of its Subsidiaries or any Unconsolidated Affiliate. “Property Management Fees” means, with respect to each Property for any period, 3% of the aggregate base rent and percentage rent due and payable under leases with tenants at such Property. 26 CHAR1\2011656v6 “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 7.02. “Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualified at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Qualified Fees” means, to the extent earned on a current basis (i.e. expected to be paid or settled in 30 days but excluding any payments made with Equity Interests) and are not deferred (except as set forth in (vii) below) by (a) the Borrower, (b) a wholly-owned Subsidiary of the Borrower or (c) a majority owned Subsidiary of the Borrower in which the Borrower, directly or indirectly, has the sole discretion to distribute any Qualified Fees at such Subsidiary to the Borrower (for clarification purposes, with respect to any non- wholly owned Subsidiary, only the pro rata portion of those fees that can be distributed to the Borrower shall constitute Qualified Fees for the purposes hereunder), all amounts consisting of the following: (i) property management fees, (ii) asset management fees, (iii) leasing commissions, (iv) tenant improvement oversight fees, (v) property acquisition fees, (vi) property financing fees and (vii) deferred asset management fees; provided that if the Qualified Fees attributable to the fees incurred with respect to clauses (v), (vi) and ...

PNC Agreement means the Purchase Agreement, dated as of September 4, 1998, by and between PNC and DMCCB, and all schedules and exhibits thereto, together with all agreements, instruments and documents executed in connection therewith, including, without limitation, the Interim Servicing Agreement with respect thereto, as they may be modified, amended and supplemented from time to time.