PIK Amendment Fee

PIK Amendment Fee. The Administrative Agent shall have received from the Borrower for the account of each Initial Term Loan Lender signatory hereto holding outstanding Initial Term Loans immediately prior to the Sixth Amendment Effective Date a fee (the "PIK Amendment Fee") in an amount equal to 1.00% of the aggregate outstanding principal amount of the Initial Term Loans held by such Initial Term Loan Lender immediately prior to giving effect to this Agreement and the prepayment set forth in clause (c) below,... which fee will be paid in-kind in the form of an increased amount of Initial Term Loan of such Initial Term Loan Lender in accordance with Section 7 hereof; View More