PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Loans that has been paid in kind by being added to the balance thereof in accordance with Section 2.04(b).
PIK Amount shall have the meaning specified in Section 2.2.
PIK Amount has the meaning set forth in Section 2.4.
Examples of PIK Amount in a sentence
The principal amount of the Loans increased by the addition of any PIK Amount may be evidenced in writing only by the Administrative Agent (at the direction of the Required Lenders), which writing shall be deemed to be correct absent manifest error.
More Definitions of PIK Amount
PIK Amount shall have the meaning assigned to such term in Section 2.13(a).
PIK Amount has the meaning specified in Section 2.03(a).
PIK Amount means, as of any date of determination, the amount of the Third Amendment Fee that has been paid-in-kind.
PIK Amount means, as of any date of determination, an amount to be added to the outstanding principal amount under each Note on such date equal to the product of (i) the Daily Interest Rate multiplied by (ii) the Principal Amount of the applicable Note outstanding as of the immediately preceding Interest Payment Date (or in the case of the first Interest Period for each Note, the date hereof), subject to any reduction in the Principal Amount of the applicable Note as a result of any repayment of the principal of such Note prior to such date of determination in accordance with the terms hereof and the Intercreditor Agreement.
PIK Amount has the meaning set forth in Section 2.13(b)(i).
PIK Amount shall, in respect of any Interest Payment Date, be an amount equal to one-sixth of the interest otherwise payable on such Interest Payment Date. Any interest paid in kind by adding such interest then due to the unpaid principal amount shall be referred to as “PIK Interest.”
PIK Amount has the meaning ascribed to such term in Section 2.2(a)(ii).