PBCC definition
Examples of PBCC in a sentence
Thus, the Members agree to contribute the Members’ share of costs allocated under the Fiscal Year 2024-2025 PBCC budget previously approved by each of the Members under the terms of the MOA (“FY 2024-2025 PBCC Budget”) to the Authority’s initial and Fiscal Year 2025-2026 budgets.
Within ninety (90) days of the Effective Date of this Agreement, the Board shall adopt an initial budget that is consistent with the FY 2024-2025 PBCC Budget.
By entering into this Agreement, the Members agree that they are hereby unanimously terminating the MOA pursuant to Section 9.1. of the MOA and the existence of the PBCC.
To the extent the FY 2024-2025 PBCC Budget is insufficient to cover Authority costs through December 2025 and additional funding has been approved by a 4/5 vote of the Board of Directors, the Members agree to contribute to the additional funding based on the same percentage shares approved by the Members in connection with the FY 2024-2025 PBCC Budget for costs through December 2025.
Promptly following the Closing, PBCC shall cause the Seller and each of its Affiliates to take any and all action necessary to effectuate a change of the name of the Seller and each of its Affiliates to eliminate any reference to any Transferred Names and Marks.
The execution, delivery and performance by PBCC of this Agreement and all of the other documents expressly required to be delivered by PBCC in connection herewith, and the taking of all acts and things as are expressly required or contemplated hereunder or thereunder to be done, observed or performed by it have been duly authorized by all necessary corporate and stockholder action.
All rights, remedies and powers granted to PBCC in this Agreement, or in any note or other agreement given by Client to PBCC, are cumulative and may be exercised singularly or concurrently with such other rights and PBCC may have.
PBCC shall continue to charge its full service fee on the gross invoice amount until full payment is received.
In addition, the undersigned confirms to ▇▇▇▇▇ Fargo that, as of the date hereof, the statements in Recital G of this Amendment, regarding (i) PBCC no longer being the Designated Portfolio Lender upon the conveyance of the Exhibit I Properties as described therein and (ii) PBCC being the initial first secured priority lender as to all Exhibit I Properties for Assignee Master .Landlord or its Wholly-Owned Subsidiaries, as the borrower(s), are true and correct.
The Servicing Agreement shall have been duly executed and delivered to the Buyer by the Seller, PBCC and CPLC.