PNC Bank definition
Examples of PNC Bank in a sentence
This Certificate is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of February 1, 2025 (the “Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master 3 The initial approximate Pass-Through Rate as of the Closing Date is 6.127% per annum.
This Certificate is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of February 1, 2025 (the “Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master 3 The initial approximate Pass-Through Rate as of the Closing Date is 5.815% per annum.
PNC Bank, National Association, by execution hereof by its division, Midland Loan Services, a Division of PNC Bank, National Association, acknowledges and agrees that this Agreement is binding upon and enforceable against PNC Bank, National Association to the full extent of the obligations set forth herein with respect to Midland Loan Services, a Division of PNC Bank, National Association.
No later than 10 Business Days after the Second Amendment Effective Date, the Loan Parties shall have delivered updated insurance certificates indicating that PNC Bank, National Association, as Administrative Agent, together with its successors and assigns, is named as additional insured on the certificate for liability coverage and as lender’s loss payee on the certificate for property or casualty insurance.
Each of the Lenders and the Issuing Lender hereby irrevocably appoints PNC Bank, National Association to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.