PIK Amount definition

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 thereof in accordance with Section 2.04(b).

PIK Amount shall have the meaning specified in Section 2.2.

PIK Amount has the meaning set forth in Section 2.4.

Examples of PIK Amount in a sentence

• In the case of individual practice, the calculation of the cost is carried out at the rate of 0.5 hours for one missed 2-hour lesson.

• Downed power lines block roadways, disrupt businesses when power is lost, and pose threats to people when lines are severed.

• On any Interest Payment Date on or prior to June 30, 2020, interest on the Principal Amount of this Debenture at the Contract Rate that shall have accrued and shall remain unpaid as of such Interest Payment Date (for any Interest Payment Date, a “PIK Amount”) may, at the option of the Maker, be paid on such Interest Payment Date by addition of such PIK Amount to the then outstanding Principal Amount.

• Authorize The Sale Of A 2013 Ford F150 4-Door Pickup (Declared Surplus Earlier On The Agenda) VS394 VIN#1FTFW1CF3DKF99162 To The Town Of Scranton In The Amount Of $10,000 And Approve The Expenditure Of Up To $5,000 From Council District 1 Infrastructure Funding Allocation To Assist The Town With The Purchase ($5,000 From The Town And $5,000 From District 1 Infrastructure).

• The principal amount of the Loans increased by the addition of any PIK Amount may be evidenced in writing only by the Administrative Agent (at the direction of the Required Lenders), which writing shall be deemed to be correct absent manifest error.

More Definitions of PIK Amount

PIK Amount shall have the meaning assigned to such term in Section 2.13(a).

PIK Amount has the meaning specified in Section 2.03(a).

PIK Amount means, as of any date of determination, the amount of the Third Amendment Fee that has been paid-in-kind.

PIK Amount means, as of any date of determination, an amount to be added to the outstanding principal amount under each Note on such date equal to the product of (i) the Daily Interest Rate multiplied by (ii) the Principal Amount of the applicable Note outstanding as of the immediately preceding Interest Payment Date (or in the case of the first Interest Period for each Note, the date hereof), subject to any reduction in the Principal Amount of the applicable Note as a result of any repayment of the principal of such Note prior to such date of determination in accordance with the terms hereof and the Intercreditor Agreement.

PIK Amount shall, in respect of any Interest Payment Date, be an amount equal to one-sixth of the interest otherwise payable on such Interest Payment Date. Any interest paid in kind by adding such interest then due to the unpaid principal amount shall be referred to as “PIK Interest.”

PIK Amount has the meaning assigned to such term in Section 2.2(c).

PIK Amount shall have the meaning specified in Article II.