PB Capital definition
Examples of PB Capital in a sentence
The limitations set forth in this Section 5.9 shall no longer apply and shall automatically become ineffective upon (i) the earlier to occur of the payment of the existing PB Capital Loan and the discharge or release in full of all of Newco's obligations and liabilities under the existing PB Capital Loan and (ii) the earlier to occur of the payment in full of the existing FSI Loan and the discharge or release in full of all of Newco's obligations and liabilities under the existing FSI Loan.
Such sums shall be payable by wire transfer to the credit of Agent, at Bank of New York, ABA #▇▇▇-▇▇▇-▇▇▇, in favor of PB Capital Corp., Account #▇▇▇-▇▇▇▇-▇▇▇, Reference: WBBD Portfolio, or to such other account or address as Agent may from time to time designate in writing to Borrower.
If GKK Stars fails to get such consent, it may elect to proceed with such transfer or notify KBS on or prior to October 5, 2011 of its intent not to proceed with such transfer (the "Second PB Capital Notice").
WORKING CAPITAL LOANS AND ACQUISITION LOANS* PB Capital Corp NY $ 5,000,000 10.00 % US Bank National Association 10,882,352.93 21.76 Union Bank of California 8,823,529.42 17.65 City National Bank 5,000,000.00 10.00 Bank One NA 8,823,529.41 17.65 Highland Legacy Ltd 2,941,176.48 5.88 Banque Paribas 8,529,411.76 17.06 Total $ 50,000,000.00 100.00 % *Measures total commitments (not necessarily actual outstanding amounts) as of the Second Amendment Closing Date (March , 2002).
If GKK Stars elects to exercise the option in clause (ii) above, GKK Stars will use commercially reasonable efforts to obtain the applicable mortgage lender consent to the transfer of the Equity Interests in the PB Capital Loan Entity to its designee by September 30, 2011.
If KBS elects to give GKK Stars the option under clause (ii) above with the consent of Citi Financial and ▇▇▇▇▇▇▇, GKK Stars shall have five (5) business days in which to notify KBS of its intention to exercise the option to assign the Equity Interests in the PB Capital Loan Entity to its designee (the "Initial PB Capital Notice").
If GKK Stars elects to exercise its option to transfer of the Equity Interests in the PB Capital Loan Entity, it will effectuate such assignment on or prior to October 17, 2011 and, concurrently with such assignment, KBS shall return the Transfer Instruments with respect to the PB Capital Loan Entity to GKK Stars and such Transfer Instruments and the indemnity contained above in this Section 3.5(d) shall be void and have no further force or effect.
PBF or PBF Bank owns all of the issued and outstanding shares of capital stock of each PBF Subsidiary, other than PB Capital Trust I and PB Capital Trust II (collectively, the “Trusts”).
On the Effective Date, KBS Debt Holdings, LLC shall indemnify, defend and hold harmless the Gramercy Entities against all Losses incurred by any Gramercy Entity in connection with such Transfer of the PB Capital Loan Entity, unless such Losses are caused by an affirmative action of GKK Stars or one of its Affiliates unrelated to effectuating the Transfers hereunder.
The name of the Secured Party is: PB Capital Corporation The address of the Secured Party is: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ This financing statement covers all of the Mortgagor's personal property and fixtures (whether now owned or hereafter acquired).