PIK Interest has the meaning specified in Section 2.05(a).

PIK Interest shall have the meaning ascribed to such term in Section 2(a) of this Note.

PIK Interest means interest on the Notes payable by increasing the principal amount of the Notes or by issuing PIK Notes.

Examples of PIK Interest in a sentence

Subject to Section 1.8, each Credit Extension shall bear interest on the outstanding principal amount thereof from the date when made, continued or converted until paid in full at (i) the Term Loan Interest Rate, and (ii) the Term Loan PIK Interest Rate (until, for the avoidance of doubt, such interest is capitalized and added to principal amount of the applicable Credit Extension pursuant to the terms herein).
Accrued and unpaid interest charged at the Term Loan Interest Rate, and any interest charged at the Term Loan PIK Interest Rate and added to the principal balance of any Credit Extension, shall also be paid on the date of any prepayment or repayment of any Credit Extension pursuant to this Agreement for the portion of any Credit Extension so prepaid or repaid and accrued and unpaid interest, regardless of type, shall be paid upon payment (including prepayment) in full thereof.
Interest charged at the Term Loan PIK Interest Rate shall be assessed in arrears and added to the principal balance of each Credit Extension on each Interest Payment Date.
The Amendment Fee shall bear interest on the outstanding amount thereof at the Amendment Fee PIK Interest Rate from the Fourth Amendment Effective Date until paid in full.

More Definitions of PIK Interest

PIK Interest means interest accrued on a Loan Asset that is added to the principal amount of such Loan Asset instead of being paid as cash interest as it accrues.

PIK Interest shall have the meaning set forth in Section 2.11(d).

PIK Interest has the meaning set forth in Section 3;

PIK Interest means interest paid with respect to the Notes in the form of increasing the outstanding principal amount of the Notes or issuing PIK Notes.

PIK Interest means interest accrued on a Loan Asset that is added to the principal amount of such Loan Asset instead of being paid as interest as it accrues.

PIK Interest means any accrued interest payments on Financing Debt that are postponed or made through the issuance of "payment-in-kind" notes or other similar securities (including book-entry accrual with respect to such postponed interest payments), all in accordance with the terms of such Financing Debt; provided, however, that in no event shall PIK Interest include payments made with cash or Cash Equivalents.