Term Loan PIK Amount definition

Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loan 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 PIK Amount means as of any date of determination, the amount of all interest accrued with respect to the Term Loans that has been paid-in-kind by being added to the balance thereof in accordance with Section 2.04(b).
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Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the applicable Term Loan Advance that is required to be paid in kind by being added to the principal balance thereof in accordance with Section 2.2(b). The Term Loan PIK Amount shall be reduced by any payments made by Borrower to Bank toward the Term Loan PIK Amount for the prior month only, provided (a) such payment is made with written notice to Bank and within two (2) days of the last day of such month, and (b) the Borrower has made all other required payments hereunder, including without limitation any principal, and interest otherwise payable hereunder.
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Examples of Term Loan PIK Amount in a sentence

  • As used herein, “Conditions” means that, as of any reference date, the Company, on or prior to such date, (i) shall have repaid in full all outstanding principal, accrued interest (including, without limitation, the Term Loan PIK Amount and the 2013 Term Loan PIK Amount, as such terms are defined in the Loan Agreement) and other obligations under the Loan Agreement (other than inchoate indemnification obligations), and (ii) shall have consummated the IPO (as hereinafter defined).

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

  • Subject to the terms of this Agreement, at the option of the Borrower, the Initial Term Loan (including the Term Loan PIK Amount relating thereto) or any portion thereof shall be either a Reference Rate Loan or a SOFR Rate Loan.

  • Subject to the terms and conditions of this Agreement, upon Borrower’s request, Bank shall make one (1) advance (such advance plus the Term Loan PIK Amount, the “Term A Loan Advance”) to Borrower on the Effective Date in an original principal amount not to exceed Forty Million Dollars ($40,000,000.00).

  • Any interest to be so capitalized pursuant to this clause (a) shall be capitalized, in arrears, on the fifth (5th) Business Day of each month (commencing on the fifth (5th) Business Day of the month following the month on which such Term Loan PIK Amount is incurred) and added to the then outstanding principal amount of the Term Loan and, thereafter, shall bear interest as provided hereunder as if it had originally been part of the outstanding principal of the Term Loan.

  • All accrued but unpaid interest on the Term Loan Advances (including the Term Loan PIK Amount) shall be due and payable on the Term Loan Maturity Date.

  • With respect to each Term Loan Advance, commencing on the first (1st) Interest Payment Date following the Funding Date of such Term Loan Advance, and continuing on each Interest Payment Date thereafter, Borrower shall make payments of interest, in arrears, on the principal amount of such Term Loan Advance (including the Term Loan PIK Amount) at the rate set forth in Section 2.3(a).

  • Thus, if the areas of Sites 1, 2, and 3A (eastern portion) are aggregated, then a suitable site area for the purpose of calculating net residential density can be established, i.e. with public open space omitted: 0.52 + 0.4584 + 0.816 = 1.7944 hectares.

  • Subject to the terms and conditions of this Agreement, during the Draw Period, upon Borrower’s request, Bank shall make advances (each advance plus the Term Loan PIK Amount, a “Term B Loan Advance” and collectively, the “Term B Loan Advances”) to Borrower in an aggregate original principal amount not to exceed Forty Million Dollars ($40,000,000.00) minus the Term A Loan Advance Amount.

  • Beginning on July 1, 2007, on the first day of each month thereafter through and including June 1, 2008 $74,480 On July 1, 2008 A payment equal to $173,785 plus the then outstanding Term Loan PIK Amount equal to $429,000 for a total principal and Term Loan PIK Amounts installment payment of $602,785.


More Definitions of Term Loan PIK Amount

Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loan Amount that has been paid in kind by being added to the balance thereof in accordance with SECTION 2.6(a)(ii).
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Term Loan PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Term Loan Advance that is required to be paid in kind by being added to the principal balance thereof in accordance with Section 2.2(a) of this Agreement. The Term Loan PIK Amount shall be reduced by any payments made by Borrower to Agent toward the Term Loan PIK Amount for the prior month only, provided (a) such payment is made with contemporaneous or prior written notice to Agent specifying that such payment is on account of the Term Loan PIK Amount and within two (2) days of the last day of such month, and (b) Borrower has made all other required payments hereunder, including without limitation any principal, and interest otherwise payable hereunder.
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Term Loan PIK Amount is hereby deleted in its entirety, and the term and the definition of "Term Loan A PIK Amount" is hereby inserted, in appropriate alphabetical order, to read as follows:
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Related to Term Loan 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 Loan A has the meaning set forth in Section 2.2(a).

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

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

  • 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).

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

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

  • 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 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.

  • 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 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.

  • 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 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.

  • 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.

  • 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.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • 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.

  • 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.

  • 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.