PNCCM definition
Examples of PNCCM in a sentence
Receipt by the Administrative Agent, PNCCM and the Lenders of any fees required to be paid on or before the Closing Date.
Until the expiration of the Term Loan Availability Period, Borrower agrees to pay to PNCCM, for the account of each of the Lenders, on a pro rata basis in accordance with their unfunded Commitments, in an amount equal to 0.20% times (1) the average daily undrawn amount of the Loan, times (2) a fraction, the numerator of which is the number of days in such calendar quarter or portion thereof and the denominator of which is 360.
The Borrower agrees to pay the administrative and other fees of the Administrative Agent, PNCCM and the other Lenders, as provided in the Fee Letter and as may be otherwise agreed to in writing from time to time between Borrower, the Administrative Agent, PNCCM and/or any Lender.
PNC desires to become a party to the Receivables Purchase Agreement as a Related Committed Purchaser, an LC Bank and a Purchaser Agent, and PNCCM desires to become a party to the Receivables Purchase Agreement as the Structuring Agent, in each case, on the terms set forth herein.
Each of the parties hereto consents to the foregoing joinder of PNCCM in the capacity of Sustainability Agent, and any otherwise applicable conditions precedent thereto under the Receivables Financing Agreement or any other Transaction Documents.
The Borrower shall pay to the Administrative Agent a nonrefundable fee (the “Administrative Agent’s Fee”) under the terms of that certain fee letter, dated as of April 6, 2021 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Administrative Agent’s Letter”), by and among the REIT Guarantor, Administrative Agent and PNCCM.
Effective as of the date hereof, PNCCM shall be the Sustainability Agent under the Receivables Financing Agreement for all purposes thereof and the other Transaction Documents and PNCCM assumes all related rights and agrees to be bound by all of the terms and provisions applicable to the Sustainability Agent contained in the Receivables Financing Agreement and the other Transaction Documents.
In connection with the Amendments, PNC, PNCCM, the SPV and Peabody are entering into that certain commitment letter agreement (as amended, the “Commitment Letter”), dated as of January 27, 2017 (the “Commitment Letter Closing Date”).
Effective as of the date hereof, PNCCM shall be the Structuring Agent under the Receivables Purchase Agreement for all purposes thereof and of the other Transaction Documents and PNCCM assumes all related rights and agrees to be bound by all of the terms and provisions applicable to the Structuring Agent contained in the Receivables Purchase Agreement and the other Transaction Documents.
In consideration for the commitment and other obligations of PNC and PNCCM hereunder with respect to the Amended Securitization Facility, the SPV agrees to pay the “Initial Structuring Fee” specified in the Term Sheet in immediately available funds to the account designated by PNC and PNCCM on the date that the Bankruptcy Court’s order approving this Commitment Letter becomes final.