Definition of PNC Loans


PNC Loans means the loans made by PNC Bank, National Association, a national banking association ("PNC Bank"), which loans are listed on Exhibit C attached hereto and made a part hereof.
Sample 1

Examples of PNC Loans in a sentence

Chrysalis and its subsidiaries will not incur any Indebtedness in excess of an aggregate amount of $500,000, except for amounts outstanding under the PIDA and PNC Loans, the PanLabs Loan, other Indebtedness outstanding as of the Closing Date as identified on Schedule 53 and amounts available under credit facilities existing on the Closing Date." 3.
Section 6.10(h) of the Loan Agreement is hereby amended to read as follows: "(h) certain existing real estate of the Borrowers located in Pennsylvania for which mortgages have been granted to the Pennsylvania Industrial Development Authority and PNC Bank (the "PIDA and PNC Loans") and liens or security interests created pursuant to a Note and Warrant Purchase Agreement, dated the date hereof, by and between Chrysalis International Corporation and PanLabs International, Inc.
Master Servicer No. 1 hereby agrees and the other parties hereto acknowledge that the annual fees of each of S&P and Moody's for ongoing surveillance allocable to the KeyBank Loans, the CSFB Loans, the NCB Loans and the PNC Loans will be paid on an ongoing basis by Master Servicer No. 1.
Collectively, any and all Claims held by PNC Bank against the MJC Debtors arising from or relating to such MJC Debtors' respective absolute and unconditional guarantees of payment and performance of all indebtedness and obligations that are now or hereafter owed to PNC Bank under and in connection with the PNC Loans and the PNC Loan Documents.
Chrysalis and its Subsidiaries will not incur any Indebtedness in excess of an aggregate amount of $500,000, except for amounts outstanding under the PIDA and PNC Loans, other Indebtedness outstanding as of the Closing Date as identified on Schedule 53 and amounts available under credit facilities existing on the Closing Date.