PIK Margin definition

PIK Margin means 0.75% per annum.
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PIK Margin means the Facility A PIK Margin or the Facility A1 PIK Margin, as applicable.
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PIK Margin means 5.50 per cent.
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Examples of PIK Margin in a sentence

  • Without prejudice to Article 9 (Events of Default), if the Borrower fails to pay any amount payable by it under the Contract on its due date, interest shall accrue on any such overdue amount from the due date to the date of actual payment at an annual rate equal to the higher of: (a) the applicable PIK Margin plus 2% (200 basis points); or (b) EURIBOR plus 2% (200 basis points), and shall be payable in accordance with the demand of the Bank.

  • Any PIK Interest shall accrue for each day during such Interest Period on the Senior Interim Loans that are ABR Loans made pursuant to any of subsections 3.7, 3.9 and 3.10 at a rate per annum equal to the ABR for such day plus the Applicable Margin in effect for such day plus the PIK Margin.

  • Interest on each of the Original Notes for any day during an interest period is the percentage rate per annum which is the aggregate of the applicable (i) Cash Pay Margin and (ii) the PIK Margin, each as defined below.The cash pay element of the margin (the “Cash Pay Margin”) is payable on each of the Original Notes on the last day of each interest period at a rate of 2 per cent.

  • If a Step Up Event occurs, the base PIK Margin as of the Issue Date shall be 4.25% (plus any increase that may occur as a result of any PIK Toggle Option for any applicable Interest Period).

  • Any PIK Interest shall accrue for each day during such Interest Period at a rate per annum that shall at all times be the Applicable LIBOR Margin plus the relevant LIBOR Rate in effect from time to time, plus the PIK Margin.


More Definitions of PIK Margin

PIK Margin means seven per cent. (7%) per annum.
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PIK Margin means 0.50% per annum.
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PIK Margin means, in respect of any Loan outstanding from and after the Second Amendment Effective Date (as defined in Amendment No. 2 to the Credit Agreement) a rate equal to 2.00% per annum.
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PIK Margin means 2.0 per cent. per annum.
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PIK Margin. 75 basis points per annum.
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PIK Margin means 75 basis points.
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PIK Margin means 2.00 percentage points; provided, however, that if, as of Borrower’s fiscal year ended Mxxxx 00, 0000, XXXXXX for the immediately preceding 12-month period equals or exceeds $14,700,000, then commencing on the first day of the fiscal month of Borrower next following the receipt of Borrower’s audited financial statements for its fiscal year ended March 31, 2006, “PIK Margin” shall mean 1.00 percentage point, any such reduction in the PIK Margin to be effective as of April 1, 2006.
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