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PNC » Topics » SECTION 6.2 Pari Passu Guarantees

This excerpt taken from the PNC 8-K filed Feb 13, 2008.

SECTION 6.2 Pari Passu Guarantees

The obligations of the Guarantor under this Trust Preferred Securities Guarantee shall rank pari passu with the obligations of the Guarantor under (i) any similar guarantee agreements issued by the Guarantor on behalf of the holders of preferred or trust preferred securities issued by any PNC Trust (as defined in the Indenture) to the extent the related subordinated notes rank, by their terms, pari passu with the JSNs in right of payment and upon a liquidation of the Guarantor, (ii) any subordinated notes issued by the Guarantor after the date of this Trust Preferred Securities Guarantee to the extent such notes rank, by their terms, pari passu with the JSNs in right of payment and upon a liquidation of the Guarantor, and (iii) any other security, guarantee or other obligation of the Guarantor (whether existing at the date of this Trust Preferred Securities Guarantee or incurred after such date) to the extent that such security, guarantee or obligation ranks, by its terms, pari passu with the JSNs in right of payment and upon a liquidation of the Guarantor.

"SECTION 6.2 Pari Passu Guarantees" elsewhere:

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