Term Loan B PIK Amount definition

Term Loan B PIK Amount means, as of any date of determination, the amount of all Incremental Interest accrued with respect to the Term Loan B that has been paid in kind by being added to the balance thereof in accordance with Section 2.04(a).
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Term Loan B PIK Amount means, collectively, the US Term Loan B PIK Amount and the UK Term Loan B PIK Amount.
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Term Loan B PIK Amount in Section 1.1 of the Loan Agreement is hereby amended by inserting the following phrase", plus the amount of any fee payable by Borrower pursuant to the terms of this Agreement by being paid-in-kind by being added to the unpaid principal balance of Term Loan B" immediately following the phrase "in accordance with Section 2.6(a)(iii)" appearing in said definition.
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Examples of Term Loan B PIK Amount in a sentence

  • Subject to the terms of this Agreement, at the option of the Administrative Borrower, each Term Loan (including, without limitation, the Term Loan B PIK Amount relating thereto) or any portion thereof shall be either a Reference Rate Loan or a LIBOR Rate Loan.

  • The outstanding principal of the Term Loan A (including the outstanding Term Loan A PIK Amount) and of the Term Loan B (including the outstanding Term Loan B PIK Amount) shall be repaid in full on the Final Maturity Date.

  • Likewise, the termination of the account protects patient PHI, facilities, and the past employee from possible unauthorized use of the User account and HIPAA violations.

  • 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.

  • 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).

  • Any prepayment of Term Loan B pursuant to Section 2.05(b) or Section 2.05(c) will be applied first to any then outstanding Term Loan B PIK Amount and then to the remainder of the Term Loan B.

  • Interest on each Loan shall be payable (or in the case of any Term Loan B PIK Amount, capitalized) (i) monthly, in arrears, on the last Business Day of each month, commencing on the last Business Day of the month following the month in which such Loan is made, and (i)at maturity (whether upon demand, by acceleration or otherwise).

  • 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.

  • Except as provided in Sections 2.04(c) and (d) below, the Term Loan B shall bear interest on the principal amount thereof from time to time outstanding (inclusive of any Term Loan B PIK Amount), from the date of the making of the Term Loan B (or, in the case of any Term Loan B PIK Amount, from the date such Term Loan B PIK Amount is added to the principal balance of the Term Loan B) until such principal is repaid, at a rate per annum equal to 13.00%.

  • Interest on each Loan shall be due and payable monthly, in arrears, on the first day of each month, commencing on May 1, 2005 (or, in the case of any Term Loan A PIK Amount or Term Loan B PIK Amount, capitalized) and at maturity (whether upon demand, upon prepayment, by acceleration or otherwise).

Related to Term Loan B PIK Amount

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).