PIK Component definition

PIK Component means (i) if Grid Level 2 (as set forth in the definition of Applicable Rate) is applicable, 0.50% per annum, or (ii) if Grid Level 3 (as set forth in the definition of Applicable Rate) is applicable, 1.00% per annum.”
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PIK Component means the portion of the outstanding principal balance of a Loan Asset which represents interest which has accrued in kind and has been added to the principal balance of such Loan Asset.
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PIK Component means the portion of the Applicable Rate which shall be paid in kind.
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Examples of PIK Component in a sentence

  • Coupon Rate PIK Component Cash Component PIK OptionGalls LLC S+7.38% 0.50 % S+6.88% The Portfolio Company may elect PIK up to 0.50%.Polyvision Corp.

  • Coupon Rate PIK Component Cash Component PIK OptionGalls LLC L+7.25% 0.50% L+6.75% The Portfolio Company may elect PIK up to 0.50%.Galls LLC L+7.25% 0.50% L+6.75% The Portfolio Company may elect PIK up to 0.50%.Polyvision Corp.

  • GUGGENHEIM CREDIT INCOME FUNDCONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED) Coupon Rate PIK Component Cash Component PIK OptionGalls LLC S+7.42% 0.50% S+6.92% The Portfolio Company may elect PIK up to 0.50%.Galls LLC S+7.20% 0.50% S+6.70% The Portfolio Company may elect PIK up to 0.50%.Polyvision Corp.

  • On any interest payment date, so long as no Default or Event of Default exists, the Borrower may elect to pay in kind, in lieu of in cash, a portion of the interest then due in an amount up to the Margin PIK Component for such Interest Period.


More Definitions of PIK Component

PIK Component has the meaning set forth in Section 2.6(g).”
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Related to PIK Component

  • Class C Component The Component having such designation.

  • Class D Component The Component having such designation.

  • Class E Component The Component having such designation.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Class B Component The Component having such designation.

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Class A-S Component The Component having such designation.

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Class A-4 Component The Component having such designation.

  • Class A-2 Component The Component having such designation.

  • Cash Component means that portion, if any, of the Conversion Shares Offer Consideration consisting of cash.

  • Component means an article, material, or supply incorporated directly into an end product.

  • Class A-1 Component The Component having such designation.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Dilution Volatility Component means the product (expressed as a percentage) of (i) the difference between (a) the highest three (3)-month rolling average Dilution Ratio over the past 12 Calculation Periods and (b) the Adjusted Dilution Ratio, and (ii) a fraction, the numerator of which is equal to the amount calculated in (i)(a) of this definition and the denominator of which is equal to the amount calculated in (i)(b) of this definition.

  • Basket Component means each of the SPDR S&P 500 ETF Trust, iShares Russell 2000 Index Fund, iShares MSCI EAFE Index Fund, and iShares MSCI Emerging Markets Index Fund.

  • Accrual Components As specified in the Preliminary Statement.

  • Structural component means a component that supports non-variable forces or weights (dead loads) and variable forces or weights (live loads).

  • Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • M2 Target Amount For any Distribution Date, an amount equal to the lesser of (a) the product of (1) 75.40% and (2) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • Component Notional Amount Not applicable.

  • Service Component means certain enabling Software, hardware peripherals and associated documentation which may be separately provided by Symantec as an incidental part of a Service.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):