PIK Percentage definition

PIK Percentage means, as to any date, the amount determined by subtracting the Cash Percentage with respect to such date from 2.4375%.
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PIK Percentage means 7.00% per annum.
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PIK Percentage means 9.0% per annum, provided however, in the event of a Merger Termination Event, the PIK Percentage will immediately increase to 13% and will increase by an additional 0.5% on the day following each Dividend Payment Date thereafter, but in no event shall the PIK Percentage exceed 18.0%.
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Examples of PIK Percentage in a sentence

  • No adjustment in the PIK Percentage shall be made until the full $2,000,000 prepayment has been made.

  • Subject to the provisions of Section 2.4, the Term Loan shall bear interest at a per annum rate equal to the sum of (i) the Applicable PIK Percentage plus (ii) the Applicable Cash Percentage.

  • The Loans (including any PIK Amount added to the principal amount of the Loans) shall bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 8.00% plus, on and after May 30, 2020, the PIK Percentage, but in no event to exceed the Highest Lawful Rate.

  • In the event of any prepayments in addition to those referred to in the preceding paragraph, the PIK Percentage shall be further reduced by one-third of one percent for each "qualifying optional prepayment" by the Company of $1,000,000 in principal amount of the Notes pursuant to Section 8.2 on or prior to September 30, 2000.


More Definitions of PIK Percentage

PIK Percentage means six percent (6%); provided, however, that in the event that the Consolidated Debt to EBITDA Ratio for any four fiscal quarter period is less than 3.50 to 1.0, as evidenced by a written certification of a Responsible Officer delivered in accordance with Section 4.2, the PIK Percentage for the fiscal quarter in which such certification is delivered shall mean five and one-half of one percent (5.5%).
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PIK Percentage means 2.00% per annum.
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PIK Percentage means (i) in the case of the A Term Loan Facility and the Revolving Loan Facility, 2.00%, (ii) in the case of the B Term Loan Facility, 3.00%, (iii) in the case of the C Term Loan Facility, 3.50%, and (iv) in the case of the D Term Loan Facility, 3.75%.
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PIK Percentage is defined in Section 9.8.
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PIK Percentage has the meaning specified in Section 2.08(c).
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