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PIK Fee definition

PIK Fee means the fees that are paid-in-kind pursuant to Sections 2.06 and 2.
PIK Fee has the meaning provided in Section 2.12.1(ii) (Fees).
PIK Fee shall have the meaning provided in Section 3.01(c) of the Credit Agreement.

Examples of PIK Fee in a sentence

  • After such Specified PIK Fee is added to the principal balance, such Specified PIK Fee shall be treated as principal for all purposes hereunder and shall itself bear interest.

  • The Specified PIK Fee shall be deemed paid and discharged, without the taking of any further action by the Borrowers, by automatically adding such Specified PIK Fee to the principal balance of the Term Loans.

  • The Fifth Amendment PIK Fee shall be paid in full on the Fifth Amendment Effective Date by increasing the outstanding principal amount of Loans by the amount of the Fifth Amendment PIK Fee on the Fifth Amendment Effective Date.

  • In consideration of amendments and limited consent requested by the Borrower in Amendment Number Seven, an additional 2024 Term Loan in an aggregate principal amount of the July PIK Fee Amount shall be deemed to have been made on the Seventh Amendment Effective Date, on a pro rata basis, to the Lenders holding Term Loans hereunder immediately prior to the Seventh Amendment Effective Date.

  • Notwithstanding anything to the contrary herein or in the Notes, in addition to the principal and interest on the Series 2023-A Notes as set forth in Exhibit A to the Indenture, the 2023-A Exit Premium (including, for the avoidance of doubt, the 2023-A PIK Fee) shall be payable on the final Note Interest Payment Date (being the Stated Maturity Date of the Series 2023-A Notes).

  • Any Warrant PIK Fee so added to the principal amount of the Loans shall bear interest as provided in Section 2.04 beginning on the corresponding Warrant PIK Fee Date.

  • All prepayments made pursuant to this Section 2.08(a) shall be paid to the Administrative Agent for application to the prepayment of outstanding Loans, including PIK Interest, if any, and the PIK Fee together with any accrued and unpaid interest, ratably in accordance with each Lender’s Aggregate Exposure Percentage.

  • The PIK Fee shall be paid in full on the Closing Date by increasing the outstanding principal amount of Loans by the amount of the PIK Fee on the Closing Date.

  • Any Warrant PIK Fee shall be paid in full on any Warrant PIK Fee Date by increasing the outstanding principal amount of Loans by the amount of such Warrant PIK Fee on such Warrant PIK Fee Date.

  • The obligation of the Borrower to pay the PIK Fee shall be automatically evidenced by this Agreement or, if applicable, any Notes issued pursuant to this Agreement.


More Definitions of PIK Fee

PIK Fee and “PIK Fees” has the meaning set forth in Section 7.15(b).
PIK Fee shall have the meaning provided in Section 2.01(c).

Related to PIK Fee

  • PIK Payment has the meaning specified in Section 2.06.

  • L/C Fee has the meaning specified in Section 2.03(i).

  • Ticking Fee has the meaning specified in Section 2.09(a).

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Funding Fee shall have the meaning specified in the Fee Letter.

  • 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).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Issuance Fee shall have the meaning given in paragraph 2A(8)(ii) hereof.

  • Break Fee means an amount to compensate a Proponent for some of the costs the Proponent had incurred in developing and submitting a Proposal in the event that the RFP Process is cancelled, as determined by the Sponsors in accordance with RFP Section 10.3.3;

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.

  • Structuring Fee has the meaning set forth in the Fee Letter.

  • PIK Interest has the meaning specified in Section 2.05(a).

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Hire Fee the hire fee specified in Item 13.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • L/C Fees has the meaning set forth in Section 3.4(c).

  • Joining Fee means the one-off fee charged by the trustee/sponsor of a scheme and payable by the employers and/or members upon joining the scheme.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof:

  • Advisory Fee shall have the meaning given to it in Section 2.2(f) hereof.

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.