Common use of Term Loan PIK Interest Rate Clause in Contracts

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to the Term Loan Cash Interest Rate, the principal balance (including, for the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan PIK Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed, which amount shall be added to the outstanding principal balance so as to increase the outstanding principal balance of such Term Loan Advance on each Payment Date for such Advance, which principal amount shall accrue interest payable as provided in Section 2.2(d)(i) and this Section 2.2(d)(ii), and which accrued and unpaid amount shall be payable when the principal amount of the Advance is payable in accordance with Section 2.2(e).

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to the Term Loan Cash Interest Rate, the principal balance (including, for the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan PIK Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed, which amount shall be added to the outstanding principal balance so as to increase the outstanding principal balance of such Term Loan Advance on each Payment Date for such Advance, which principal amount shall thereafter accrue interest payable as provided in Section 2.2(d)(i2.1(d)(i) and this Section 2.2(d)(ii), and which accrued and unpaid amount shall be payable when the principal amount of the Advance is payable in accordance with Section 2.2(e2.1(e).

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to the Term Loan Cash Interest Rate, the principal balance (including, for the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance shall bear interest thereon from such Advance Date during any PIK Deferral Period at the Term Loan PIK Interest Rate based on a year consisting of three hundred sixty (360) 360 days, with interest computed daily based on the actual number of days elapsedelapsed (the “Term Loan PIK 106 Interest”), which amount shall be added to the outstanding principal balance and so capitalized so as to increase the outstanding principal balance of such the Term Loan Advance Advances on each Payment Date payment date for such Advance, which principal amount shall accrue interest payable as provided in Section 2.2(d)(i) and this Section 2.2(d)(ii), and which accrued and unpaid amount shall be payable when the principal amount of the applicable Advance is payable in accordance with Section 2.2(e2.2(d).

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to the Term Loan Cash Interest Rate, the principal balance (including, for the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan PIK Interest Rate based on a year consisting of three hundred sixty (360) 360 days, with interest computed daily based on the actual number of days elapsed, which amount shall be added to the outstanding principal balance so as to increase the outstanding principal balance of such Term Loan Advance on each Payment Date payment date for such Term Loan Advance, which principal amount shall accrue interest payable as provided in Section 2.2(d)(i2.5(a)(i) and this Section 2.2(d)(ii), and which accrued and unpaid amount shall be payable when the principal amount of the Term Loan Advance is payable in accordance with Section 2.2(e)2.3.

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to the Term Loan Cash Interest Rate, the principal balance (including, for the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance shall bear ​ interest thereon from such Advance Date at the Term Loan PIK Interest Rate based on a year consisting of three hundred and sixty (360) days, with interest computed daily based on the actual number of days elapsedelapsed (the “Term Loan PIK Interest”), which amount shall be added to the outstanding principal balance and so capitalized so as to increase the outstanding principal balance of such Term Loan Advance on each Payment Date payment date for such Advance, which principal amount shall accrue interest payable as provided in Section 2.2(d)(i) and this Section 2.2(d)(ii), Advance and which accrued and unpaid amount shall be payable when the principal amount of the applicable Advance is payable in accordance with Section 2.2(e2.2(d).

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to at the Term Loan Cash Interest RateRate pursuant to Section 2.2(d)(i), the principal balance (including, for the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance outstanding from time to time shall bear interest thereon from such Advance Date at the Term Loan PIK Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed, which amount shall be added to the outstanding principal balance so as to increase the outstanding principal balance of such Term Loan Advance on each Payment Date for such Advance, which principal amount shall accrue interest payable as provided in Section 2.2(d)(i) and this Section 2.2(d)(ii), and which accrued and unpaid amount shall be payable when the principal amount of the Advance is payable on the earlier of the Term Loan Maturity Date or the date on which the principal balance of the Term Loan Advances is paid in accordance with Section 2.2(e)full.

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to the Term Loan Cash Interest Rate, the principal balance (including, for the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan PIK Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed, which amount shall be added to the outstanding principal balance so as to increase the outstanding principal balance of such Term Loan Advance on each Payment Date for such Advance, which principal amount shall accrue interest payable as provided in Section 2.2(d)(i) and this Section 2.2(d)(ii), and which accrued and unpaid amount shall be payable when the principal amount of the Advance is payable in accordance with Section 2.2(e).

Term Loan PIK Interest Rate. In addition to interest accrued pursuant to the Term Loan Cash Interest RateRate in accordance with clause (c)(i) above, the principal balance (including, for of the avoidance of doubt, any Capitalized PIK Interest thereon) of each Term Loan Advance shall bear accrue “payment-in kind” interest thereon from such the Advance Date at the Term Loan PIK Interest Rate based on a year consisting of three hundred sixty (360) 360 days, with interest computed daily based on the actual number of days elapsedelapsed (“PIK Interest”), which amount PIK Interest shall be added to the outstanding principal balance so as to increase the outstanding principal balance of such the Term Loan Advance on each Payment Date for such Advance, which principal amount shall accrue interest payable as provided payment date set forth in Section 2.2(d)(i2.2(d) and this Section 2.2(d)(ii), and which accrued and unpaid amount shall be payable when the principal amount of the Advance is payable in accordance with Section 2.2(e2.2(d).