PCS Facility Loan definition

PCS Facility Loan means the aggregate principal amount of all PCS Advances (and excluding any interest payable on any PCS Advances) made by the Guarantors to the Franchisee under the PCS Facility (including any Bond Payments where a demand has been made under the Bond in satisfaction of [either/the relevant25] Guarantor’s obligation to advance a PCS Advance) which has not been repaid at the relevant time; “PCG Ratio Trigger” means following the Date of Establishing PCG Facility Amount:

Related to PCS Facility Loan