PIK Term Loans definition

PIK Term Loans the Term Loans of each Lender made pursuant to Section 2.2(b).

PIK Term Loans means the approximately $105.5 million in Term Loans to be converted to PIK term loans under the New First Lien Credit Agreement.

PIK Term Loans means (a) Tranche C-2 PIK Term Loans and (b) Tranche C-3 PIK Term Loans.

Examples of PIK Term Loans in a sentence

• Any promissory note evidencing a Tranche C-3 Term Loan prior to the Amendment Agreement Effective Date may be exchanged, upon the request of the relevant Lender made through Administrative Agent and surrender of such promissory note to the relevant Borrower through Administrative Agent, for promissory notes evidencing the Tranche C-3 PIK Term Loans into which such Lender’s Tranche C-3 Term Loans were converted on the Amendment Agreement Effective Date.

• Any promissory note evidencing a Tranche C-2 Term Loan prior to the Amendment Agreement Effective Date may be exchanged, upon the request of the relevant Lender made through Administrative Agent and surrender of such promissory note to the relevant Borrower through Administrative Agent, for promissory notes evidencing the Tranche C-2 PIK Term Loans into which such Lender’s Tranche C-2 Term Loans were converted on the Amendment Agreement Effective Date.