Existing PIK Notes definition

Existing PIK Notes means the Orion Engineered Carbons Finance & Co. S.C.A.’s $425,000,000 9.25%/10.00% PIK Toggle Notes due 2019.
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Existing PIK Notes means the 12% senior subordinated pay-in-kind notes due 2013 in an initial aggregate principal amount of $25,000,000 issued by Holdings pursuant to that certain Senior Subordinated Credit Agreement dated as of January 7, 2005, by and between Holdings, as borrower thereunder, and Citicorp Mezzanine III, L.P. (as assignee of Court Square Capital Limited), as lender.
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Existing PIK Notes means Target's Senior Floating Rate PIK Notes due 2011. NEWYORK 7904486 (2K)
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Examples of Existing PIK Notes in a sentence

  • No appraisals of the fair market value of any collateral have been prepared in connection with the offering of the New PIK Notes or in connection with the previous issuance of the Existing PIK Notes.

  • The New PIK Notes are issued as payment of interest on the Existing PIK Notes in accordance with their terms.

  • DESCRIPTION OF PIK NOTESUnless the context requires otherwise, all definitions contained in this section "Description of the PIK Notes" are for the purposes of this section only and all references in this section to the "PIK Notes" are to the PIK Notes, including the New PIK Notes and the Existing PIK Notes.

  • The New PIK Notes are issued as payment of interest on the Existing PIK Notes in accordance with their terms.Guarantors GUARANTORSCEVA and certain of CEVA's operating subsidiaries located in Australia, Belgium, Brazil, Canada, the Cayman Islands, Germany, Hong Kong, Luxembourg, The Netherlands, the United Kingdom and California, Delaware, Florida and Texas in the U.S., guarantee the PIK Notes.

  • DESCRIPTION OF PIK NOTES Unless the context requires otherwise, all definitions contained in this section "Description of the PIK Notes" are for the purposes of this section only and all references in this section to the "PIK Notes" are to the PIK Notes, including the New PIK Notes and the Existing PIK Notes.

  • The New PIK Notes are issued as payment of interest on the Existing PIK Notes in accordance with their terms.Guarantors GUARANTORS CEVA and certain of CEVA's operating subsidiaries located in Australia, Belgium, Brazil, Canada, the Cayman Islands, Germany, Hong Kong, Luxembourg, The Netherlands, the United Kingdom and California, Delaware, Florida and Texas in the U.S., guarantee the PIK Notes.

  • Immediately after giving effect to the Transactions and the other transactions contemplated hereby, Holdings, the Borrower and the Subsidiaries shall have outstanding no Indebtedness or preferred stock other than (a) Indebtedness outstanding under this Agreement, (b) Indebtedness under the Revolving Loan Credit Agreement (if any), (c) the Senior Notes, (d) the Existing PIK Notes and (e) Indebtedness set forth on Schedule 6.01.

  • Immediately after giving effect to the Transactions and the other transactions contemplated hereby, Holdings, the Borrower and the Subsidiaries shall have outstanding no Indebtedness for Money Borrowed or preferred stock other than (a) Indebtedness outstanding under this Agreement, (b) the Term Loans, (c) the Senior Notes, (d) the Existing PIK Notes and (e) Indebtedness set forth on Schedule 6.01.


More Definitions of Existing PIK Notes

Existing PIK Notes means the Company’s $713 million 10.25% Senior PIK Toggle Notes due 2015 (including any increases in the principal amount or issuances of additional notes in connection with the payment of interest due thereunder).
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Existing PIK Notes means the 10.250% / 11.000% Senior PIK Notes due 2017 of Kleopatra Holdings 1 issued pursuant to that certain Indenture, dated as of May 8, 2013, among Kleopatra Holdings 1 (acting by its general partner and sole manager Kleopatra Holdings GP S.A.), Citibank, N.A., London Branch, as trustee, Citibank, N.A., London Branch, as paying agent and transfer agent, Citibank, N.A., London Branch, as security agent and Citigroup Global Markets Deutschland AG, as registrar.
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Existing PIK Notes means the Issuer’s 11 1/4% Senior Toggle Notes due 2015 issued on October 17, 2007 under the Existing PIK Notes Indenture plus any additional notes issued as pay-in-kind interest thereunder.
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Related to Existing 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.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

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

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • 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.

  • Existing Senior Notes means the Existing 2020 Senior Notes and the Existing 2021 Senior Notes, collectively.

  • 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.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

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

  • 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.

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

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of 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.

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • Existing Senior Notes Indentures means, the indentures governing the Existing Senior Notes, each as may be amended or supplemented from time to time.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Refinancing Equipment Notes and “Refinancing Trust” shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Existing Senior Notes Indenture means the Indenture dated as of April 11, 2013, among the Lux Borrower, as issuer, the Parent, as guarantor and Deutsche Bank Trust Company Americas, as trustee, under which the Existing Senior Notes are outstanding, as amended, modified or supplemented from time to time.

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

  • Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

  • Existing Notes Indentures means, collectively, the Existing Senior Notes Indentures and the Existing Senior Guaranteed Notes Indentures.

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

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • 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.

  • 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.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.