Cash Interest Election definition

Cash Interest Election means the election of the Company on any Interest Payment Date to commence the accrual of cash interest from and after the Cash Interest Election Date.

Cash Interest Election. Section 6(b) “Company” Preamble

Cash Interest Election has the meaning specified in Section 3.1(c).

Examples of Cash Interest Election in a sentence

• For greater certainty, if the Company does not make a Cash Interest Election in respect of any Interest Payment Date as described in this paragraph (g), the interest payable on such Interest Payment Date shall be satisfied by way of PIK Interest being deferred and added to the principal amount of the outstanding Notes.

• We are currently experiencing a positive earnings trend in certain jurisdictions for which a valuation allowance was set up against deferred tax assets in previous years.

• Interest Payment Dates: March 15 and September 15, commencing on the earlier of (x) the March 15 or September 15, as the case may be, immediately following the date of the Cash Interest Election and (y) March 15, 2002.

• Cash interest on the Notes will not accrue on the Notes until May 15, 2003; PROVIDED that if the Company exercises the Cash Interest Election, cash interest will accrue on the Notes from the Semi-Annual Accrual Date with respect to which the Cash Interest Election is made.

• If a Registration Default exists with respect to the Securities prior to the Cash Interest Election Date, the Company will make cash payments of Additional Interest on each interest payment date on the Securities which are Transfer Restricted Securities at the rate set forth in the preceding sentence multiplied by the Accreted Value of the Securities as of the interest payment date on which such payment is made.

More Definitions of Cash Interest Election

Cash Interest Election has the meaning ascribed thereto in the indenture governing the Discount Notes.

Cash Interest Election shall have the meaning provided in Section 2.5(4).

Cash Interest Election see paragraph 1 of the Securities. ---------------------- "Cash Interest Election Date" see paragraph 1 of the Securities. ---------------------------

Cash Interest Election. Section 2.15(g)

Cash Interest Election means the election by the Borrower to pay all or a portion of the PIK Interest on the First Lien Term Loans in cash (and not payable in kind) under Section 2.8(a)(ii) with respect to the interest due on any applicable interest payment date set forth in Section 2.8(b); provided that any such election shall be made by notice to the Administrative Agent at least three (3) Business Days prior to such applicable interest payment date (or such shorter period as agreed to by the Administrative Agent in its reasonable discretion).

Cash Interest Election means an election of cash interest substantially in the form of Exhibit G, or such other form acceptable to Agent.

Cash Interest Election means the election by the Company to begin accruing cash interest on the Notes on any Semi-Annual Accrual Date prior to May 15, 2003, which election shall be given by means of an Officers' Certificate delivered to the Trustee (with notice to the Holders) on or prior to such Semi-Annual Accrual Date.