PCBI definition
Examples of PCBI in a sentence
I have carefully read this letter and reviewed the Agreement and discussed their requirements and other applicable limitations upon my ability to sell, transfer, or otherwise dispose of United Stock, to the extent I felt necessary, with my counsel or counsel for PCBI.
As specified elsewhere in this Agreement, no fractional PCBI Common Shares and no certificates or scrip therefor, or other evidence of ownership thereof, will be issued in the Parent Merger.
Mercantile shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to the Effective Time, and PCBI shall have received a certificate, dated the Effective Date, signed on behalf of Mercantile by the Chief Executive Officer and the Chief Financial Officer of Mercantile to such effect.
The parties hereto expressly agree that any condition or requirement to any regulatory approval that requires Peoples Bank or any affiliate thereof to sell or otherwise dispose of any rental property on the balance sheet of Mercantile Bank or any affiliate thereof shall not constitute a condition, restriction or requirement not customary and usual or materially reduce the benefits of the Merger to PCBI.
Vide sanction letter No. PCB-I /CR-235/1772/2013 Dated 30.09.2013, Canara Bank having one of its branches at Specialised Prime Corporate Branch, Cuffe Parade, Mumbai has sanctioned Term Loan of Rs. 1000 crores for the above said purpose.
As of the date hereof, PCBI is not aware of any reason why the approvals set forth in Section 7.01(b) will not be received without the imposition of a condition, restriction or requirement of the type described in Section 7.01(b).
The Agreement to Merge, when executed by Peoples Bank, shall have been approved by the Board of Directors of Peoples Bank and by PCBI, as the sole shareholder of Peoples Bank.
This Agreement and the transactions contemplated hereby have been authorized by all necessary corporate action of PCBI and the PCBI Board prior to the date hereof and no shareholder approval is required on the part of PCBI.
Subject to the provisions hereof, as of the Effective Time, each Mercantile shareholder will be entitled to receive his pro rata portion of the Merger Consideration in cash and in PCBI Common Shares, provided, however, that fractional shares will not be issued and cash (payable by wire transfer of immediately available funds or by check) will be paid in lieu thereof as provided in Section 3.04.
Mercantile’s representations, warranties and covenants contained in this Agreement shall not be deemed to be untrue, incorrect or to have been breached as a result of effects on Mercantile arising solely from actions taken in compliance with a written request of PCBI.