Definition of Term Loan B PIK Amount


Term Loan B PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loan B that has been paid-in-kind by being added to the principal balance of the Term Loan B in accordance with Section 2.04(b).
Sample 1

Examples of Term Loan B PIK Amount in a sentence

The outstanding principal of all Loans, including the Revolving Loans, the Term Loan A and the Term Loan B (inclusive of any Term Loan B PIK Amount), shall be due and payable in full on the Final Maturity Date.
The Administrative Agent shall maintain a loan account (the Loan Account) on its books to record: all Revolving Credit Loans and the Term Loans (including the outstanding Term Loan B PIK Amount), all payments made by the Borrower, and all other debits and credits as provided in this Agreement with respect to the Loans or any other Obligations.
Except as provided to the contrary in Section 3.1(d), interest (other than the Term Loan B PIK Amount) on all Loans and all fees payable hereunder shall be due and payable, in arrears, on each Interest Payment Date that the Obligations are outstanding.
The Term Loan B of each Term Loan B Lender (including the outstanding Term Loan B PIK Amount) shall mature on the Final Maturity Date (or such earlier date on which the Loans become due and payable pursuant to Section 8).
Unless the Company shall elect to pay interest on the Term B Loans in cash in accordance with Section 3.1(d) on any Interest Payment Date, the Term Loan B PIK Amount, if any, for such Interest Period, shall automatically be added to the principal balance of the Term B Loans on such Interest Payment Date.