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 Loans that has been paid in kind by being added to the balance of the Term Loans in accordance with Section 2.04(d).
Sample 1Sample 2
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).
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

Examples of Term Loan PIK Amount in a sentence

  • As used herein, “Conditions” means that, as of any reference date, the Company, on or prior to such date, (i) shall have repaid in full all outstanding principal, accrued interest (including, without limitation, the Term Loan PIK Amount and the 2013 Term Loan PIK Amount, as such terms are defined in the Loan Agreement) and other obligations under the Loan Agreement (other than inchoate indemnification obligations), and (ii) shall have consummated the IPO (as hereinafter defined).

  • All outstanding principal and accrued and unpaid interest under the Term Loan Advances (including the Term Loan PIK Amount), and all other outstanding Obligations with respect to the Term Loan Advances, are due and payable in full on the Term Loan Maturity Date.

  • All amounts outstanding under the Term Loan (inclusive of the Term Loan PIK Amount) shall constitute Obligations.

  • Subject to the terms and conditions of this Agreement, during the Draw Period, upon Borrower’s request, Bank shall make advances (each advance plus the Term Loan PIK Amount, a “Term B Loan Advance” and collectively, the “Term B Loan Advances”) to Borrower in an aggregate original principal amount not to exceed Forty Million Dollars ($40,000,000.00) minus the Term A Loan Advance Amount.

  • Subject to the terms and conditions of this Agreement, upon Borrower’s request, Bank shall make one (1) advance (such advance plus the Term Loan PIK Amount, the “Term A Loan Advance”) to Borrower on the Effective Date in an original principal amount not to exceed Forty Million Dollars ($40,000,000.00).

  • The Term Loan PIK Amount shall be added to the principal balance of the Term Loan monthly, on the first Business Day of each month, in accordance with Section 2.2(a) and thereafter shall bear interest at the then applicable rate.

  • Interest (other than the Term Loan PIK Amount) and all fees payable hereunder shall be due and payable, in arrears, on the first Business Day of each month at any time that Obligations are outstanding.

  • Beginning on July 1, 2007, on the first day of each month thereafter through and including June 1, 2008 $74,480 On July 1, 2008 A payment equal to $173,785 plus the then outstanding Term Loan PIK Amount equal to $429,000 for a total principal and Term Loan PIK Amounts installment payment of $602,785.

  • 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) or any portion thereof shall be either a Reference Rate Loan or a SOFR Loan.

  • All accrued but unpaid interest on the Term Loan Advances (including the Term Loan PIK Amount) shall be due and payable on the Term Loan Maturity Date.


More Definitions of Term Loan PIK Amount

Term Loan PIK Amount means, as at 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 outstanding principal balance of the Term Loan in accordance with Section 2.04(a).
Sample 1
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:
Sample 1
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.
Sample 1

Related to Term Loan PIK Amount

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Commitment Amount means, as to any Lender, the term loan commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.2(c) (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 17.3(c) or (d), the term loan commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 17.3(c) or (d).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Term Loan B Commitment means, with respect to each Lender, the commitment of such Lender to make the Term Loan B to the Borrowers in the aggregate amount extended prior to the Amendment No. 9 Effective Date or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement. The Term Loan B Commitment as of the Amendment No. 9 Effective Date is $0.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.