PIK Loans definition

PIK Loans has the meaning set forth in Section 2.3.1.
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PIK Loans as defined in Section 2.8(d).
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PIK Loans has the meaning assigned in Section 2.4(b).
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Examples of PIK Loans in a sentence

  • Subject to the terms and conditions of this Agreement (including Section 6), each Borrowing (other than a Borrowing of PIK Loans) shall be made on written notice in the form of Exhibit B given by Borrower to the Lenders not later than 11:00 a.m. (Central time) on the Borrowing Notice Date (a “Notice of Borrowing”).

  • The Lender may supplement this Note by attaching to this Note a schedule (the “Note Schedule”) to evidence additional PIK Loans made by the Lender to Borrower following the date first above written.

  • Subject to the terms and conditions of this Agreement (including Section 6), each Borrowing (other than a Borrowing of PIK Loans) shall be made on written notice in the form of Exhibit B given by Borrower to Administrative Agent not later than 11:00 a.m. (Central time) on the Borrowing Notice Date (a “Notice of Borrowing”).

  • Subject to the terms and conditions of this Agreement (including Section 6), each Borrowing (other than a Borrowing of PIK Loans) shall be made on written notice in the form of Exhibit B given by the Borrower to the Lenders not later than 11:00 a.m. (Central time) on the date required under Section 6.01(i) or 6.02(d), as applicable (a “Notice of Borrowing”).

  • After giving effect to such Borrowing, no more than two Borrowings shall have been made; provided that, for purposes of this Section 6.02(c), “Borrowing” shall not be deemed to include any borrowing of PIK Loans.

  • Commencing on the first Interest Payment Date following the Interest-Only Period, the Borrower shall repay to the Agent for the account of the Lender on each Interest Payment Date an installment payment in respect of the Loans (including, if applicable, any PIK Loans).

  • Such installment payments shall be in equal principal amounts (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.7), plus accrued and unpaid interest, which principal amounts shall be determined by the Agent based on the principal amount of the Loans (including, if applicable, any PIK Loans) outstanding on the first Interest Payment Date following the Interest Only Period.

  • On each Borrowing Date, the Borrower shall pay to each Lender a financing fee in an amount equal to 1.25% of the Loans to be advanced by such Lender on such Borrowing Date; provided that, for purposes of this Section 2.03, “Borrowing” shall not be deemed to include borrowing of PIK Loans.

  • Subject to the terms and conditions of this Agreement (including Section 6), each Borrowing (other than a Borrowing of PIK Loans) shall be made on written notice in the form of Exhibit B given by the applicable Borrower to the Lenders not later than 11:00 a.m. (Central time) on the Borrowing Notice Date (a “Notice of Borrowing”).

  • To the extent not previously paid, the principal amount of the Loans (including, for the avoidance of doubt, PIK Loans), together with all other outstanding Obligations (other than Warrant Obligations), shall be due and payable on the Maturity Date.


More Definitions of PIK Loans

PIK Loans means (a) Extended Revolving Loans and (b) PIK Term Loans.
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PIK Loans has the meaning specified in Section 2.1(c).
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PIK Loans means the senior secured accreting convertible loans owed by Parent under the terms of the Secured PIK/Term Loan Documents.
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PIK Loans the collective reference to the PIK Initial Loans and the PIK Term Loans.
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Related to PIK Loans

  • PIK Loan means a Loan to an Obligor, which provides for a portion of the interest that accrues thereon to be added to the principal amount of such Loan for some period of the time prior to such Loan requiring the cash payment of interest on a monthly or quarterly basis.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • New Revolving Loans as defined in Section 2.25.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Term Loan as defined in Section 2.1.