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.

  • 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.

  • Such authentication order shall specify (i) the amount of the Notes to be authenticated, (ii) the date on which the Notes are to be authenticated, (iii) whether the Notes are to be Initial Notes, Additional PIK Notes, Exchange Notes or Additional Notes and (iv) whether such Notes shall bear the Global Note Legend, the Regulation S Temporary Global Note Legend and/or the Private Placement Legend.

  • With respect to any payments of principal, interest and premium in the form of Additional PIK Notes, payments shall be made by deposit of such Additional PIK Notes into the account specified by the Holder or Holders thereof to the Issuers, through the Paying Agent or otherwise.

  • The Initial Notes issued on the Issue Date, any Additional PIK Notes, any Additional Notes and all Exchange Notes issued in exchange therefor shall be treated as a single class for all purposes under this Indenture.

  • The Notes shall be issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 (with any Additional PIK Notes issued in payment of interest in accordance with Section 2.19 may be issued in denominations of $1.00 and integral multiples thereof).

  • The Notes are in registered form without coupons in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof; provided, however, that Additional PIK Notes shall be issued in denominations of $1.00 and integral multiples of $1.00.


More Definitions of Additional PIK Notes

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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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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Related to Additional PIK Notes

  • PIK Notes means additional Notes issued under this Indenture on the same terms and conditions as the Notes issued on the Closing Date in connection with the payment of PIK Interest.

  • 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 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 under this Indenture in accordance with Sections 2.02 and 4.09 hereof, as part of the same series as the Initial Notes.

  • 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 Borrower’s 5.00% Convertible Senior Notes due 2022.

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

  • 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.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 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.

  • Additional Senior Debt means any Indebtedness of the Parent Borrower (other than Indebtedness constituting Credit Agreement Obligations) Guaranteed by the Guarantors (and not Guaranteed by any other Subsidiary) which Indebtedness and Guarantees are secured by the Senior Collateral (or a portion thereof) on a pari passu basis (but without regard to control of remedies) with the Credit Agreement Obligations (and not secured by Liens on any other assets of the Parent Borrower or any Subsidiary); provided, however, that, (i) such Indebtedness is permitted to be incurred, secured and Guaranteed on such basis by each Senior Debt Document and Second Priority Debt Document and (ii) the Representative for the holders of such Indebtedness shall have become party to (A) this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof and (B) the First Lien Intercreditor Agreement pursuant to, and by satisfying the conditions set forth in, Section 5.13 thereof, provided further that, if such Indebtedness will be the initial Additional Senior Debt incurred by the Parent Borrower after the date hereof, then the Guarantors, the Senior Collateral Agent and the Representative for such Indebtedness shall have executed and delivered the First Lien Intercreditor Agreement. Additional Senior Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Guarantors issued in exchange therefor.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • Initial Note A-3 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • 2020 Notes means the 6.875% Senior Notes due 2020, issued by Pride International LLC, a Delaware limited liability company.