PIK Fee definition

PIK Fee means the fees that are paid-in-kind pursuant to Sections 2.06 and 2.17.
Sample 1Sample 2
PIK Fee has the meaning provided in Section 2.12.1(ii) (Fees).
Sample 1Sample 2
PIK Fee shall have the meaning provided in Section 3.01(c) of the Credit Agreement.
Sample 1Sample 2

Examples of PIK Fee in a sentence

  • The Specified PIK Fee shall be deemed paid and discharged, without the taking of any further action by the Borrowers, by automatically adding such Specified PIK Fee to the principal balance of the Term Loans.

  • After such Specified PIK Fee is added to the principal balance, such Specified PIK Fee shall be treated as principal for all purposes hereunder and shall itself bear interest.

  • The Fifth Amendment PIK Fee shall be paid in full on the Fifth Amendment Effective Date by increasing the outstanding principal amount of Loans by the amount of the Fifth Amendment PIK Fee on the Fifth Amendment Effective Date.

  • Any Warrant PIK Fee so added to the principal amount of the Loans shall bear interest as provided in Section 2.04 beginning on the corresponding Warrant PIK Fee Date.

  • The Fifth Amendment PIK Fee so added to the principal amount of the Loans shall bear interest as provided in Section 2.04 beginning on the Fifth Amendment Effective Date.

  • Any Warrant PIK Fee shall be paid in full on any Warrant PIK Fee Date by increasing the outstanding principal amount of Loans by the amount of such Warrant PIK Fee on such Warrant PIK Fee Date.

  • The Borrower agrees to pay the First Amendment PIK Fee on the First Amendment Effective Date in accordance with Section 2.05(e) of the Credit Agreement.

  • If an Election is not made by CME or CME BV, as applicable, in a timely fashion or at all with respect to the method of payment of such amount, a PIK Election shall be deemed to have been made for (x) the full amount of such payment in the case of the Commitment Fee and (y) the amount of the 2014 Refinancing PIK Fee Portion, the 2015 Refinancing PIK Fee Portion or the 2016 Refinancing PIK Fee Portion of the corresponding Guarantee Fees as to which an Election was not timely made.

  • December 2012 Interest and PIK Fee 1,038,649 $0.19 $197,343 Ram Power, Corp.

  • All references to the term PIK Fee Shares appearing in Section 7.14 of the Purchase Agreement shall be deemed to also include the PIK Fee Shares (as such term is defined in the Prior Certificate of Designation) and the PIK Fee Shares (as such term is defined in the Certificate of Designation).


More Definitions of PIK Fee

PIK Fee shall have the meaning provided in Section 2.01(c).
Sample 1
PIK Fee and “PIK Fees” has the meaning set forth in Section 7.15(b).
Sample 1

Related to PIK Fee

  • PIK Payment means an interest payment with respect to the Notes made by increasing the outstanding principal amount of the Notes or issuing PIK Notes.

  • L/C Fee has the meaning specified in Section 2.03(i).

  • Ticking Fee has the meaning specified in Section 2.09(b).

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • 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).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Issuance Fee is defined in Section 2(h)(ii).

  • Break Fee means an amount to compensate a Proponent for some of the costs the Proponent had incurred in developing and submitting a Proposal in the event that the RFP Process is cancelled, as determined by the Sponsors in accordance with RFP Section 10.3.3;

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Base Rate.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.

  • Structuring Fee has the meaning set forth in the Fee Letter.

  • PIK Interest has the meaning specified in Section 2.05(a).

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Hire Fee the hire fee specified in Item 13.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • L/C Fees has the meaning set forth in Section 3.4(c).

  • Joining Fee means the one-off fee charged by the trustee/sponsor of a scheme and payable by the employers and/or members upon joining the scheme.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Advisory Fee shall have the meaning given to it in Section 2.2(f) hereof.

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.