PIK Interest definition
PIK Interest means interest paid with respect to the Notes in the form of increasing the outstanding principal amount of the Notes or issuing PIK Notes.
PIK Interest has the meaning specified in Section 2.05(a).
PIK Interest means interest accrued on a Loan Asset that is added to the principal amount of such Loan Asset instead of being paid as interest as it accrues.
Examples of PIK Interest in a sentence
All prepayments under this Section 2.03 shall be accompanied by all accrued interest (including, but not limited to, accrued but uncapitalized PIK Interest) thereon plus, solely with respect to any prepayment of the Twenty-First Amendment Term Loans, the Make-Whole Amount.
More Definitions of PIK Interest
PIK Interest shall have the meaning ascribed to such term in Section 2(a) of this Note.
PIK Interest shall have the meaning set forth in Section 2.11(d).
PIK Interest shall have the meaning assigned to such term in Section 2.13(f)(i).
PIK Interest has the meaning set forth in Section 3.02(c).
PIK Interest. Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues, provided, that the interest of any Loan that is paid with the proceeds of a permitted drawing on a Revolving Loan shall not constitute PIK Interest.
PIK Interest means any paid-in-kind interest, fees or other amounts paid or payable in kind in connection with the Loans.
PIK Interest is defined in Section 2.3(a).