Definition of PNC Base Rate

  1. PNC Base Rate means, for any day, a fluctuating interest rate per annum as shall be in effect from time to time, which rate shall be at all times equal to the higher of:

Definition of PNC Base Rate in Receivables Purchase Agreement

PNC Base Rate means, for any day, a fluctuating interest rate per annum as shall be in effect from time to time, which rate shall be at all times equal to the higher of: