PNC Agent definition
Examples of PNC Agent in a sentence
PNC, Agent and Borrower entered into an Amended and Restated Revolving Credit Agreement dated as of August 20, 1993 (the "Original Credit Agreement"), as amended by a Modification Agreement dated as of March 11, 1994 and a Modification Agreement dated as of June 28, 1994 (collectively, the "Modification Agreements" and, together with the Original Credit Agreement, as amended thereby, the "Credit Agreement").
Upon delivery of the Collateral Deliverables and the Guarantor Deliverables with respect to a Proposed Borrowing Base Property to the reasonable satisfaction of the Administrative Agent and the PNC Agent, the Proposed Borrowing Base Property shall become a Borrowing Base Property.
PNC, Agent and Borrower entered into an Amended and Restated Revolving Credit Agreement dated as of August 20, 1993 (the "Original Credit Agreement"), as amended by a Modification Agreement dated as of March 11, 1994 (the "Modification Agreement" and, together with the Original Credit Agreement, as amended thereby, the "Credit Agreement").
Within forty-five (45) days after receipt by the Borrower of a Conditional Approval Notice (which period may be extended in the discretion of the Administrative Agent, at the Borrower’s request, for an additional thirty (30) days without the approval of the Requisite Lenders), the Borrower shall, at its expense, deliver (or cause to be delivered) to the Collateral Agent, the Administrative Agent and the PNC Agent all applicable Collateral Deliverables and Guarantor Deliverables.
The Collateral Agent is hereby authorized by the Lenders to enter into a Pledge Agreement dated as of the date hereof and in the form attached as Exhibit H hereto (the “Pledge Agreement”) with the Borrower, the PNC Agent, and each of the Loan Parties identified as a Pledgor on Schedule 1 attached hereto.
In the event Agent elects to require any Lender to assign its interest to Agent or to the Designated Lender, PNC will so notify such Lender in writing within forty five (45) days following such Lender's denial, and such Lender will assign its interest to Agent or the Designated Lender no later than five (5) days following receipt of such notice pursuant to a Commitment Transfer Supplement executed by such Lender, PNC, Agent or the Designated Lender, as appropriate.
PNC, Agent and Borrower entered into an Amended and Restated Revolving Credit Agreement dated as of August 20, 1993 (the "Original Credit Agreement"), as amended by Modification Agreements dated as of 'March 11, 1994, June 28, 1994, June 30, 1994, December 1, 1994 and January 23, 1996 (collectively, the "Modification Agreements" and, the Original Credit Agreement, as amended by the Modification Agreements, the "Credit Agreement").
PNC, Agent and Borrower entered into an Amended and Restated Revolving Credit Agreement dated as of August 20, 1993 (the "Credit Agreement").
In the event Agent elects to require any Lender to assign its interest to Agent or to the Designated Lender, PNC will so notify such Lender in writing within forty five (45) days following such Lender’s denial, and such Lender will assign its interest to Agent or the Designated Lender no later than five (5) days following receipt of such notice pursuant to a Commitment Transfer Supplement executed by such Lender, PNC, Agent or the Designated Lender, as appropriate.
In addition, the Administrative Agent and the PNC Agent may release Surplus Properties from the Borrowing Base Properties in accordance with Section 10.15(b)(i) of the Amended Credit Agreement.