PIK Margin definition

PIK Margin means 0.75% per annum.

PIK Margin means seven per cent. (7%) per annum.

PIK Margin means 5.50 per cent.

Examples of PIK Margin in a sentence

• In addition to the Cash Interest, a further amount of interest shall accrue on each Note for each Interest Period from (but excluding) the Issue Date up to (and including) the relevant Redemption Date with an amount equal to the applicable PIK Margin applied to the Nominal Interest Amount (the "PIK Interest").

• If the applicable Test Condition is not met on a subsequent Test Date, the PIK Margin shall decrease to 0.500% per annum with effect from the date falling three months after such subsequent Test Date.Cash Interest and PIK Interest (to the extent applicable) shall accrue from the last date on which interest was paid.

• Fixed Rate, comprising 3.000% cash interest (“ Cash Interest”) and 0.500% (the “PIK Margin”) payment-in-kind interest (the “PIK Interest”), provided that the PIK Margin shall increase to 1.500% in the circumstances described in paragraph 14 below.

• Without prejudice to Article 9 (Events of Default), if the Borrower fails to pay any amount payable by it under the Contract on its due date, interest shall accrue on any such overdue amount from the due date to the date of actual payment at an annual rate equal to the higher of: (a) the applicable PIK Margin plus 2% (200 basis points); or (b) EURIBOR plus 2% (200 basis points), and shall be payable in accordance with the demand of the Bank.

• Teenage mothers have an increased predisposition to poor antenatal health, low birth weight and infant mortality.

More Definitions of PIK Margin

PIK Margin means the Facility A PIK Margin or the Facility A1 PIK Margin, as applicable.

PIK Margin. 75 basis points per annum.

PIK Margin means 2.00 percentage points; provided, however, that if, as of Borrower’s fiscal year ended Mxxxx 00, 0000, XXXXXX for the immediately preceding 12-month period equals or exceeds $14,700,000, then commencing on the first day of the fiscal month of Borrower next following the receipt of Borrower’s audited financial statements for its fiscal year ended March 31, 2006, “PIK Margin” shall mean 1.00 percentage point, any such reduction in the PIK Margin to be effective as of April 1, 2006.

PIK Margin means 2.0 per cent. per annum.

PIK Margin means, in respect of the Term D Loan Facility, 1.00 per cent. per annum.

PIK Margin means, in respect of any Loan outstanding from and after the Second Amendment Effective Date (as defined in Amendment No. 2 to the Credit Agreement) a rate equal to 2.00% per annum.

PIK Margin means a percentage, per annum, equal to 2.00%. “Platform” as defined in Section 10.1(b). “Pledge and Security Agreement” means that certain Pledge and Security Agreement, dated as of the Closing Date, by and among each Credit Party and Collateral Agent. “Prime Rate” means, for any day, the rate of interest quoted in the print edition of The Wall Street Journal, Money Rates Section as the Prime Rate (currently defined as the base rate on corporate loans posted by at least 70% of the nation’s 10 largest banks), as in effect from time to time, or, if such source or rate is unavailable, any replacement or successor source or rate as determined by Administrative Agent. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Administrative Agent or any Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate. “Principal Office” means, Administrative Agent’s “Principal Office” as set forth on Appendix B, or such other office or office of a third party or sub-agent, as appropriate, as such Person may from time to time designate in writing to Credit Party Representative, Administrative Agent and, as applicable, each Lender; provided, for the purpose of making any payment on the Obligations or any other amount due hereunder or under any other Credit Document, the Principal Office of Administrative Agent shall be 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, 00000 (or such other location within the City and State of New York as Administrative Agent may from time to time designate in writing to Credit Party Representative and each Lender); provided, further, all wires to Administrative Agent shall be made to the wiring instructions provided by Administrative Agent in writing from time to time. “Privacy Laws” means, collectively, (i) all applicable international, federal, state, provincial and local laws, rules, regulations, directives and governmental requirements currently in effect and as they become effective relating in any way to the privacy, confidentiality or security of personal information, including (a) laws imposing minimum information security requirements (such as Cal. Civ. Code § 1798.81.5