Examples of PIK Rate in a sentence

Since March 2017, the Debtors have paid interest on the 1.75 Lien Term Loan Facility at the PIK Rate through both PIK Shares and PIK Notes.
The 1.75 Lien Term Loan Facility bears interests at a Cash Rate of 12.5 percent per annum, and a PIK Rate of 15 percent per annum.
In addition to the interest payable pursuant to Section 2.08(a) or (b) above, each Roll-Up Loan shall bear additional interest on the outstanding principal amount thereof at a rate per annum equal to the PIK Rate.
On March 31, 2020, the Town & Country Fourth Amendment to Loan Agreement was amended to allow a Maximum Term Loan PIK Rate of 5.00% for the interest accruing in cash to be payable in kind, at the borrowers election.
Section 924(c)’s elements clause defines a crime of violence as one that “has as an element the use, attempted use, or threatened use of physical force against the person or property of another.” We have not yet decided whether § 2119 carjacking satisfies this requirement, but a number of our sister circuits have held that carjacking is a crime of violence under § 924(c)’s elements clause.

More Definitions of PIK Rate

PIK Rate means 2.00% per annum.

PIK Rate means the Preferential Dividend Rate plus 1.00%.

PIK Rate means 1.50% per annum.

PIK Rate means for any day, a per annum rate of interest equal to (a) as of the Closing Date, 1.00% and (b) (i) if the ARR Ratio as of the last date of any calendar quarter is less than 0.55 to 1.00, one percent (1.00%) and (ii) if the ARR Ratio as of the last date of any calendar quarter is 0.55 to 1.00 or greater, one and one-quarter of one percent (1.25%).

PIK Rate a rate per annum equal to 3.50%.

PIK Rate has the meaning specified in Section 2.05(a)(ii).