PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.
PIK Interest Rate means 9.25% per annum.
PIK Interest Rate shall have the meaning set forth in Section 2.02(a).
Examples of PIK Interest Rate in a sentence
Each Term Loan Advance of each Lender shall not exceed its respective Term Commitment plus, for the avoidance of doubt, any amount equal to the Term Loan PIK Interest Rate added to principal pursuant to Section 2.1(d)(ii).
In addition to interest accrued pursuant to the Term Loan PIK Interest Rate, the principal balance (including, for the avoidance of doubt, any payment-in-kind interest added to principal pursuant to Section 2.1(d)(ii)) of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Cash Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed.
More Definitions of PIK Interest Rate
PIK Interest Rate means 7.5% per annum.
PIK Interest Rate means 5.00% per annum.
PIK Interest Rate means 6.00% per annum.
PIK Interest Rate means 4.5% per annum.