PCB Loan definition
PCB Loan means that certain loan to Bluegreen Vacations Corporation and Bluegreen Vacations Unlimited, Inc., jointly and severally, as the Borrower, from Zions Bancorporation, N.A., dba, National Bank of Arizona, as Administrative Agent, as of October 4, 2022, in connection with the acquisition of a resort located in Panama City Beach, FL.
PCB Loan means a Loan made in accordance with Section 4.02(d).
PCB Loan has the meaning set forth in Section 3.22(c).
Examples of PCB Loan in a sentence
Other than participation loans purchased by PCB from third parties that are described on PCB Disclosure Schedule 3.22(d), no PCB Loans are presently serviced by third parties and there is no obligation which could result in any PCB Loan becoming subject to any third party servicing.
No claims of defense as to the enforcement of any PCB Loan have been asserted in writing against PCB or any of its Subsidiaries for which there is a reasonable possibility of a material adverse determination, and PCB has no Knowledge of any acts or omissions which would give rise to any claim or right of rescission, set-off, counterclaim or defense for which there is a reasonable possibility of a material adverse determination to its Subsidiaries.