Amendment to Loan Documents
THIS AMENDMENT TO LOAN DOCUMENTS (this “Amendment”) is made as of August 25, 2022, by and between WESBANCO, INC. (the “Borrower”), and PNC BANK, NATIONAL ASSOCIATION (the “Bank”).
BACKGROUND
A. The Borrower or another obligor has executed and delivered to the Bank (or a predecessor which is now known by the Bank’s name as set forth above), one or more promissory notes, letter agreements, loan agreements, security agreements, mortgages, pledge agreements, collateral assignments, and other agreements, instruments, certificates and documents, some or all of which are more fully described on attached Exhibit A, which is made a part of this Amendment (collectively as amended from time to time, the “Loan Documents”) which evidence or secure some or all of the indebtedness and other obligations of the Borrower to the Bank for one or more loans or other extensions of credit (as used herein, collectively, together with the Obligations, if and as defined in the Loan Documents, the “Obligations”). Any initially capitalized terms used in this Amendment without definition shall have the meanings assigned to those terms in the Loan Documents.
B. The Borrower and the Bank desire to amend the Loan Documents as provided for in this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree as follows:
1
2
WITNESS the due execution of this Amendment as a document under seal as of the date first written above.
WESBANCO, INC. |
By: /s/ Daniel Weiss |
Name: Daniel Weiss (SEAL) |
Title: Executive Vice President/ |
|
PNC BANK, NATIONAL ASSOCIATION
|
By: /s/ Paul Gleason |
Name: Paul Gleason (SEAL) |
Title: Senior Vice President |
3
EXHIBIT A TO
AMENDMENT TO LOAN DOCUMENTS
DATED AS OF AUGUST 25, 2022
WESBANCO, INC.
1
1. Facility and Use of Proceeds. This is a committed revolving line of credit under which the Borrower may request and the Bank, subject to the terms and conditions of this Agreement, will make advances to the Borrower from time to time until the Expiration Date, in an amount in the aggregate at any time outstanding not to exceed $30,000,000 (the “Line of Credit”). The “Expiration Date” shall have the meaning set forth in the Note evidencing the Line of Credit. Advances under the Line of Credit will be used for general business purposes of the Borrower.
The Borrower shall have the right, at its election, to prepay the outstanding amount of the Loan, as a whole or in part (which in the case of partial prepayments, shall be in a minimum amount equal to $1,000,000 or multiple integrals thereof), at any time without penalty or premium (subject to the provisions of Section 13 of the Note regarding break funding indemnification), and such payment shall be accompanied by the payment of accrued interest on the principal amount prepaid to the date of prepayment to the extent provided in the Note.
2
3