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.