Additional PIK Notes definition

Additional PIK Notes means any Note issued by the Company in order to make a PIK Interest Payment.
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Additional PIK Notes means the additional 6.00% Convertible Senior PIK Notes due 2015 issued in compliance with and pursuant to the provisions of this Note as payment for accrued interest on the Notes in lieu of the payment of cash interest.
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Additional PIK Notes means (a) Notes issued on any Interest Payment Date pursuant to Section 2.02 in payment of a portion of the aggregate installment of Cash Interest due and payable on any Notes on such Interest Payment Date to the extent the Company has made an Additional PIK Interest Election; and (b) PIK Notes issued in payment of PIK Interest on any Additional PIK Notes.
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Examples of Additional PIK Notes in a sentence

  • Any Additional PIK Notes shall be issued and delivered to each Holder at the Company's expense on or as soon as practicable (and in any event within 10 days) after the applicable PIK Interest Payment Date.

  • Following the delivery of such a notice of acceleration, any interest that would have otherwise been payable through the issuance of Additional PIK Notes shall be payable in cash.

  • The Notes will be issued in denominations of $2,000 and integral multiples of $1,000; provided, however, that Additional PIK Notes issued in payment of interest will be issued in denominations of $1.00 and integral multiples of $1.00.

  • Notwithstanding any other provision of this Indenture or of the Notes, the right of any Holder to receive payment of the principal of and interest (including interest in the form of Additional PIK Notes) on a Note, on or after the respective due dates expressed in such Note and this Indenture, or to bring suit for the enforcement of any such payment or issuance on or after such respective dates, shall not be impaired or affected without the express prior written consent of such Holder.

  • Any Additional PIK Notes shall be issued and delivered to each Holder at the Company's expense.

  • On or before 10:00 a.m., New York City time, on any the Redemption Date and in accordance with Section 2.15 hereof, the Company shall deposit with the Paying Agent U.S. Legal Tender sufficient into pay the Redemption Price plus accrued interest, if any, of all Notes to be redeemed on that date, plus an amount in cash sufficient to redeem any Additional PIK Notes after the Redemption Date pursuant to the procedures provided in Section 2.3 therefor.

  • In the absence of such instructions, the Company shall make the payment by check (or through the issuance of Additional PIK Notes) timely delivered to the Holder.

  • The Issuer shall be entitled to issue Additional PIK Notes pursuant to Sections 2.01, 2.02 and 4.09 of the Indenture.

  • The Notes issued on the Issue Date, any such Additional PIK Notes and any Additional Notes issued pursuant to Section 2.01 shall be treated as a single class for all purposes under this Indenture.

  • In order for the Plan to be accepted and thereafter confirmed by the Court without resorting to the "cram-down" provisions of Section 1129(b) of the Bankruptcy Code as to other classes of Allowed Claims, votes representing at least two-thirds in amount and more than one-half in number of Allowed Claims of each impaired Class of Claims that are voting must be cast for the acceptance of the Plan.


More Definitions of Additional PIK Notes

Additional PIK Notes means the additional 111/2% Senior PIK Notes due 2015 issued in compliance with and under this Indenture as payment for accrued interest on the Notes in lieu of the payment of cash interest or Additional Interest.
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Additional PIK Notes means additional PIK Notes (other than the Initial PIK Notes, any PIK Interest Notes issued as a result of a PIK Payment on such Initial PIK Notes and Exchange Notes issued in exchange for such Initial PIK Notes and such PIK Interest Notes) issued from time to time under this Indenture in accordance with Sections 2.01(d), 2.02 and 4.09 hereof, as part of the same series as the Initial PIK Notes.
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Related to Additional PIK Notes

  • PIK Notes means Additional Notes issued under this Indenture in connection with a PIK Payment, with the same terms as the Initial Notes, except that interest on any PIK Notes shall accrue from their date of issuance.

  • Additional Series Equipment Notes means Equipment Notes issued under the Indenture and designated as a Series (other than “Series A” or “Series B”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Additional Senior Notes shall have the meaning assigned to such term in Section 11.2(b).

  • Additional Senior Debt Facility means each indenture or other governing agreement with respect to any Additional Senior Debt.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Additional Notes means additional Notes (other than the Initial Notes) issued from time to time under this Indenture in accordance with Sections 2.01 and 4.09 hereof.

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.

  • Initial Additional Notes means Additional Notes issued in an offering not registered under the Securities Act and any Notes issued in replacement thereof, but not including any Exchange Notes issued in exchange therefor.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Series B Equipment Notes means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.

  • Series A Equipment Notes means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Additional Secured Debt Designation means a notice in substantially the form of Exhibit A.

  • Additional Senior Debt Obligations means, with respect to any series, issue or class of Additional Senior Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing.

  • Series AA Equipment Notes means Equipment Notes issued and designated as “Series AA Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series AA Equipment Notes” and bearing interest at the Debt Rate for Series AA Equipment Notes specified in Schedule I to the Indenture.

  • 2022 Notes means the 6.25% Senior Notes due 2022 issued by the MLP and Finance.

  • Initial Notes means the first $500,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof.

  • Initial Note A-2-2 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • New Senior Notes has the meaning set forth in the recitals hereto.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • Initial Note A-2-1 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • Initial Note B-1 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Additional Series or “Additional Series Equipment Notes” means Equipment Notes issued under the Indenture and designated as a Series (other than “Series AA” or “Series A”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Initial Note A-1-2 Holder shall have the meaning assigned to such term in the preamble to this Agreement.