Partial PIK Interest definition

Partial PIK Interest has the meaning set forth in Exhibit A hereto.
Partial PIK Interest means the payment of interest on the Notes through an increase in the principal amount of the outstanding Notes equal to some portion (but not all) of the amount of accrued and unpaid interest due on the relevant Interest Payment Date, to the extent that only a portion of the interest due on an Interest Payment Date is so paid.
Partial PIK Interest means a portion of the interest on the Notes due on an Interest Payment Date, which is paid, at the Company’s election, by increasing the amount of outstanding Notes or by issuing additional PIK Notes, to the extent that only a portion of the interest due on an Interest Payment Date is so paid.

Examples of Partial PIK Interest in a sentence

  • Notwithstanding any other provision of these Note Terms but subject to the Intercreditor Deed, the Issuer may (in its absolute discretion) elect at any time (upon 5 Business Days’ notice to the Trustee and the Paying Agent) to pay in cash any interest that had previously been paid in kind (being PIK Interest and Partial PIK Interest).

  • It can be analyzed that clan politicians can afford to be less concerned with their districts since their local support base is more solid than non-clan legislators, while non-clan members are more pressed to attend district needs to build up their machines.Figure 1 Role as a Legislator Q.

  • Casas-Rojo JM, Antón-Santos JM, Milla´ n-Nu´ ñez-Corte´s J, Lumbreras- Bermejo C, Ramos-Rincón JM, Roy-Vallejo E, Artero-Mora A, Arnalich- Ferna´ndez F, Garc´ıa-Bruñe´n JM, Vargas-Nu´ ñez JA, et al (2020) Clinical characteristics of patients hospitalized with COVID-19 in Spain: Results from the SEMI-COVID-19 Registry.

  • I agree to respect and abide by the safety rules and code of conduct of both DTC and the venue owners and their instructions.


More Definitions of Partial PIK Interest

Partial PIK Interest to the extent that only a portion of the interest due on an Interest Payment Date is so paid. Notwithstanding the foregoing, if the Issuer or any of its Restricted Subsidiaries makes an Equity Restricted Payment on any date (other than a Determination Date), then interest on the Notes in respect of the Interest Period corresponding to the Determination Date immediately following the date of such Equity Restricted Payment shall be paid entirely in cash. As used herein,
Partial PIK Interest shall have the meaning specified in Section 2.03(c)(i).
Partial PIK Interest to the extent that only a portion of the interest due on an Interest Payment Date is so paid. As used herein,
Partial PIK Interest has the meaning set forth in Exhibit A-3 hereto.
Partial PIK Interest has the meaning set forth in Section 2 of the Notes.
Partial PIK Interest has the meaning set forth in Exhibit A-2 hereto.
Partial PIK Interest has the meaning given to such term in Exhibit A-2.