PIK Fees definition

PIK Fees has the meaning specified in Section 2.10.
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PIK Fees shall have the meaning provided in Section 5.1.
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PIK Fees shall have the meaning provided in Section 2.01(c).
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Examples of PIK Fees in a sentence

  • For purposes of computing commitment fees, a Commitment of a Lender shall be deemed to be used to the extent of the outstanding Loans funded by such Lender other than any Loans attributable to PIK Interest and PIK Fees.

  • The Commitment of each Lender shall be reduced by the aggregate amount of Loans funded by such Lender, but not the amount of Loans attributable to PIK Interest or PIK Fees.

  • All reductions of the Commitments shall reduce the Commitments ratably among the Lenders according to their respective Pro Rata Shares (excluding for such purposes any Loans attributable to PIK Interest or PIK Fees).

  • For the avoidance of doubt, once paid, PIK Interest and PIK Fees shall be treated as principal for all purposes hereunder and shall accrue interest thereon in accordance with Section 4.1 hereof.


More Definitions of PIK Fees

PIK Fees has the meaning set forth in Section 7.15(b).
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PIK Fees means the payment-in-kind of the Undrawn Commitment Fee by increasing the outstanding principal amount of the Loans.
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Related to PIK Fees

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

  • Advisory Fees means financial advisory fees, closing fees, transaction fees, monitoring fees, oversight fees and similar fees, expenses and indemnities payable by the Loan Parties pursuant to the Advisory Agreement, but in the case of any such fees not to exceed the amounts payable in respect thereof under the Advisory Agreement as in effect on the Closing Date.

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