Capitalized PIK definition

Capitalized PIK has the meaning set forth in Section 2.07(a).
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Capitalized PIK is defined in Section 2.3(a).
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Capitalized PIK has the meaning set forth in Section 2.07(a). 3NTD: To include release of applicable parties in the Borrower Assignment Agreement. 4NTD: To be updated to reflect transaction documents and structure, once final.
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Examples of Capitalized PIK in a sentence

  • For the avoidance of doubt, the Capitalized PIK will accrue interest (x) in the case of All PIK Interest, at the All PIK Interest Rate, and (y) in all other cases, at the PIK Interest Rate and not the Aggregate Interest Rate.

  • The principal amount of the Loans increased by the addition of any Capitalized PIK may be evidenced in writing only by the Administrative Agent, which writing shall be deemed to be correct absent manifest error.


More Definitions of Capitalized PIK

Capitalized PIK has the meaning set forth in Section 2.07(a). “Cash Equivalents” means any of the following, to the extent owned by the applicable Loan Party, any of its Subsidiaries or any of its Joint Ventures free and clear of all 4 26203076.0000000000.8 ​ ​ ​
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Related to Capitalized PIK

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Capitalized Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).