Conversion Incentive Amount definition
Conversion Incentive Amount means, with respect to each Lender, an amount equal to (a) the aggregate amount of the Secured Obligations payable to such Lender through the Term Loan Maturity Date (including, without limitation, PIK Interest to be accrued and paid to such Lender through such date and any end of term charge payable to such Lender under Section 2.5 of the Agreement on such date) discounted to present value utilizing the Discount Rate, minus (b) the aggregate principal balance of the Term Loan Advance owed to such Lender on the date of conversion.”