Term Loan PIK Amount definition
Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loans that has been paid in kind by being added to the balance of the applicable Term Loans in accordance with Section 2.04(d).
Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loan that has been paid in kind by being added to the balance thereof in accordance with Section 2.04(a).
Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the applicable Term Loan Advance that is required to be paid in kind by being added to the principal balance thereof in accordance with Section 2.2(b). The Term Loan PIK Amount shall be reduced by any payments made by Borrower to Bank toward the Term Loan PIK Amount for the prior month only, provided (a) such payment is made with written notice to Bank and within two (2) days of the last day of such month, and (b) the Borrower has made all other required payments hereunder, including without limitation any principal, and interest otherwise payable hereunder.
Examples of Term Loan PIK Amount in a sentence
Subject to the terms of this Agreement, at the option of the Administrative Borrower, the Term Loan (including, without limitation, the Term Loan PIK Amount related thereto with respect to the Term Loan, and any Revolving PIK Amount) or any portion thereof shall be either a Reference Rate Loan or a SOFR Loan.
More Definitions of Term Loan PIK Amount
Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loan Amount that has been paid in kind by being added to the balance thereof in accordance with SECTION 2.6(a)(ii).
Term Loan PIK Amount is hereby deleted in its entirety, and the term and the definition of "Term Loan A PIK Amount" is hereby inserted, in appropriate alphabetical order, to read as follows:
Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loan Advance that is required to be paid in kind by being added to the principal balance thereof in accordance with Section 2.2(a) of this Agreement. The Term Loan PIK Amount shall be reduced by any payments made by Borrower to Agent toward the Term Loan PIK Amount for the prior month only, provided (a) such payment is made with contemporaneous or prior written notice to Agent specifying that such payment is on account of the Term Loan PIK Amount and within two (2) days of the last day of such month, and (b) Borrower has made all other required payments hereunder, including without limitation any principal, and interest otherwise payable hereunder.