PIK Interest Rate definition

PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

PIK Interest Rate means 7.5% per annum.

PIK Interest Rate means 9.25% per annum.

Examples of PIK Interest Rate in a sentence

• In addition to interest accrued pursuant to the Term Loan PIK Interest Rate, the principal outstanding balance (including, for the avoidance of doubt, any accrued and capitalised-in-kind interest added to principal pursuant to Section 2.2(d)(ii)) of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Cash 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.

• Each Term Loan Advance funded by each Lender shall not exceed its respective Term Commitment plus, for the avoidance of doubt, any amount equal to the Term Loan PIK Interest Rate added to principal pursuant to Section 2.2(d)(ii).

• Each Term Loan Advance of each Lender shall not exceed its respective Term Commitment plus, for the avoidance of doubt, any amount equal to the Term Loan PIK Interest Rate added to principal pursuant to Section 2.2(d)(ii).

More Definitions of PIK Interest Rate

PIK Interest Rate shall have the meaning set forth in Section 2.02(a).

PIK Interest Rate means 5.00% per annum.

PIK Interest Rate means the annual rate of interest that shall at all times be equal to 2.00%.

PIK Interest Rate means the rate of 2.75% per annum. “Platform” shall have the meaning set forth in Section 12.23.

PIK Interest Rate means (i) prior to the Implementation Date, 0.00 per cent. per annum, and (ii) from (and including) the Implementation Date, 0.75 per cent. per annum.

PIK Interest Rate means a rate equal to 5.25% per annum, which shall accrue to principal and compound on a quarterly basis as set forth in Section 2.07(a); provided, that at any time during (x) the First Extension Period, the PIK Interest Rate shall be equal to 6.25% per annum and (y) the Second Extension Period, the PIK Interest Rate shall be equal to 7.00%.

PIK Interest Rate means 6.00% per annum.