Term Loan PIK Interest Rate definition

Term Loan PIK Interest Rate means, for any day a per annum rate of interest equal to (a) during any PIK Deferral Period, the Cash Interest Reduction Amount, multiplied by 1.2, and (b) otherwise, 0.00%.
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Term Loan PIK Interest Rate means two and one-half percent (2.5%) per annum.
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Term Loan PIK Interest Rate means, for any day a per annum rate of interest equal to (a) during any PIK Deferral Period, the Cash Interest Rate Reduction Level, multiplied by 1.2, and (b) otherwise, 0.00%. For illustrative purposes, if the Cash Interest Rate Reduction Level is 0.50%, then the Term Loan PIK Interest Rate shall be 0.60% and if the Cash Interest Rate Reduction Level is 1.50%, then the Term Loan PIK Interest Rate shall be 1.80%.
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Examples of Term Loan PIK Interest Rate in a sentence

  • Subject to Section 1.8, each Credit Extension shall bear interest on the outstanding principal amount thereof from the date when made, continued or converted until paid in full at (i) the Term Loan Interest Rate, and (ii) the Term Loan PIK Interest Rate (until, for the avoidance of doubt, such interest is capitalized and added to principal amount of the applicable Credit Extension pursuant to the terms herein).

  • Accrued and unpaid interest charged at the Term Loan Interest Rate, and any interest charged at the Term Loan PIK Interest Rate and added to the principal balance of any Credit Extension, shall also be paid on the date of any prepayment or repayment of any Credit Extension pursuant to this Agreement for the portion of any Credit Extension so prepaid or repaid and accrued and unpaid interest, regardless of type, shall be paid upon payment (including prepayment) in full thereof.

  • Interest charged at the Term Loan PIK Interest Rate shall be assessed in arrears and added to the principal balance of each Credit Extension on each Interest Payment Date.


More Definitions of Term Loan PIK Interest Rate

Term Loan PIK Interest Rate means, for any day a per annum rate of interest equal to the Cash Interest Reduction Amount, multiplied by 1.2.
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Term Loan PIK Interest Rate means, for any day, a per annum rate of interest equal to 1.00%.
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Term Loan PIK Interest Rate means 1.35%.
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Term Loan PIK Interest Rate means 3.00% per annum, until the first anniversary of the Closing Date and thereafter, 1.00% per annum.
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Term Loan PIK Interest Rate means, for any day, a per annum rate of interest equal to (a) on any day prior to the Fourth Amendment Effective Date, 3.35%, and (b) thereafter, 2.15%.
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Term Loan PIK Interest Rate means 0.5%.
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Term Loan PIK Interest Rate means ten percent (10%) per annum.
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