PIK Bond definition

PIK Bond means any Collateral Debt Security that pursuant to the terms of the related Underlying Instruments (a) permits the payment of interest thereon (with respect to such payments due on or after the date on which the security is purchased by the Issuer) to be deferred and capitalized as additional principal thereof or (b) issues identical (except principal and term) securities in place of payments of interest in cash.
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PIK Bond means any Collateral Debt Security that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred and capitalized as additional principal thereof or that issues identical securities in place of payments of interest in cash.
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PIK Bond means any Collateral Debt Security that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred or capitalized as additional
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Examples of PIK Bond in a sentence

  • For the purposes of this definition, no PIK Bond shall be deemed to be an Early Conversion Bond.

  • NSA Bondco Limited Unsecured Callable PIK Bond Issue 2020/2021" with ISIN NO 001 0887011, pursuant to separate notices of written resolutions issued under those bond issues on or about the date hereof.

  • NSA Bondco Limited Unsecured Callable PIK Bond Issue 2020/2021" with ISIN NO 001 0887011.

  • He has written a few dozen articles, lectures, guides and papers concerning the strategy and marketing of companies, as well as innovation.

  • Defaulted Securities or Deferred Interest PIK Bonds or (ii) Equity Securities plus (d) for each Defaulted Security or Deferred Interest PIK Bond, the Calculation Amount with respect to such Defaulted Security or Deferred Interest PIK Bond.

  • Those who according to assignment, Security, the provisions of the Swedish Children and Parents Code (Sw. foraldrabalken (1949:381)), conditions of will or deed of gift or otherwise have acquired a right to receive payments in respect of a PIK Bond shall register their entitlements to receive payment in23 accordance with the Central Securities Depositories and Financial Instruments Accounts Act.

  • The Trustee will promptly notify the Issuer if the Collateral Manager has determined that (i) any Collateral Debt Security has become a Defaulted Security, a Deferred Interest PIK Bond, a Credit Risk Security or a Written Down Security or (ii) the Trustee has received an Equity Security in connection with any Collateral Debt Security.

  • The Collateral Manager shall determine whether any item of Collateral is a Collateral Debt Security, Credit Risk Security, Credit Improved Security, Deferred Interest PIK Bond, Written Down Security or Defaulted Security.

  • The repayment per PIK Bond shall equal the repaid percentage of the Outstanding Nominal Amount (rounded down to the nearest EUR 1.00 plus (i) a premium of 7.00 per cent.

  • The Issuer may, at one or several occasions after the First Issue Date, issue Subsequent PIK Bonds (each such issue, a " Subsequent PIK Bond Issue"), always provided that the Incurrence Test (tested pro forma including such issue) is met.


More Definitions of PIK Bond

PIK Bond means (i) any Cash Collateral Debt Security that is a CDO Security and that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred and capitalized as additional principal thereof or that issues identical securities in place of payments of interest in cash and (ii) any Credit Default Swap the Reference Obligation of which is a security having the characteristics specified in clause (i); provided that a Negative Amortization Security shall not be considered a PIK Bond.
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PIK Bond means a debt instrument (Sw. skuldförbindelse) for the Nominal Amount and of the type set forth in Chapter 1 Section 3 of the Central Securities Depositories and Financial Instruments Accounts Act and which are governed by and issued under these Terms and Conditions.
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PIK Bond means a security or loan the terms of which provide, with respect to all interest payable thereon, for the deferral of interest or payment of such interest in kind.
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PIK Bond means any Collateral Debt Security (or any Synthetic Security, the Reference Obligation of which is a PIK Bond) that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred, diverted and/or capitalized as additional principal thereof (even if sufficient interest proceeds would have been available to pay interest on the Collateral Debt Security) or that issues identical securities in place of payments of interest in cash (even if sufficient interest proceeds would have been available to pay interest on the Collateral Debt Security); provided that as of the date of such Collateral Debt Security’s inclusion in the Collateral, such Collateral Debt Security has paid in cash all interest accrued thereon up to and including such date. In no event shall a Negative Amortization Security constitute a PIK Bond for purposes of this definition.
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PIK Bond means any Collateral Debt Security that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred or capitalized as additional principal thereof or that issues identical securities in place of payments of interest in cash; provided that in no event will a Negative Amortization Security constitute a "PIK Bond" for purposes of this definition.
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Related to PIK Bond

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • 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.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

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

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • PIK Payment has the meaning specified in Section 2.06.

  • Global Bond means a 2013 Bond in registered global form without interest coupons.

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • 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.

  • 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.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • Floating Rate Notes means the Class A-2b Notes.

  • 2024 Notes means the 7.625% unsecured notes due April 15, 2024, issued pursuant to the 2009 Notes Indenture.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Special Note State agencies may make purchases under this Requirements Contract up to $2500.00 using the state of Ohio payment card. Any purchase that exceeds $2500.00 will be made using the official state of Ohio purc hase order (ADM- 0523). Any non-state agency, institution of higher education or Cooperative Purchasing member will use forms applicable to their respective agency. This Requirements Contract and any Amendments thereto are available from the DAS Web site at the following address: xxxx://xxx.xxxx.xxx/procure Signed: Xxxxxx Xxxxx, Director Date *Reflects mutual renewal of contract, effective with amendment No. 2. Index No. MAC013 Rev. 04/01/16 Page 11 CONTRACTOR INDEX CONTRACTOR AND TERMS: BID CONTRACT NO.: OT905812-1* 0000090134 DELIVERY: As Specified Take-A-Ticket, Inc. 130 N. E. Xxxxxxxxxx Street TERMS: Net 30 Days Albany, OR 97321 CONTRACTOR'S CONTACT: Xxxx Xxxxxx Xxxx Free: (000) 000-0000 Telephone: (000) 000-0000 FAX: (000) 000-0000 Email: xxxx@xxxxxx.xxx CONTRACTOR AND TERMS: BID CONTRACT NO.: OT905812-2 * 0000009073 DELIVERY: 30 Days A.R.O. Xxxxxxx Systems, Inc. 0000 Xxxx Xxxx TERMS: Net 30 Days Adair, IA 50002 CONTRACTOR'S CONTACT: Xxxxxx Xxxxx Xxxx Free: (000) 000-0000 Telephone: (000) 000-0000 FAX: (000) 000-0000 E-mail: xxxxxx.xxxxx@xxxxxx.xxx *Reflects removal of expiration date with amendment 2. Index No.: MAC013 Eff. Date: 04/01/2016 Page 12 SUMMARY OF AMENDMENTS Amendment Number Effective Date Description

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Discount Notes means the Company's 14-3/4% Senior Discount Notes due 2010.

  • Equipment Notes means and includes any equipment notes issued under any Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of such Indenture) and any Equipment Note issued under any Indenture in exchange for or replacement of any other Equipment Note.

  • Principal Amount at Maturity of a Security means the principal amount at maturity as set forth on the face of the Security.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • 2018 Notes means the Company’s 7.75% Senior Subordinated Notes due 2018 issued under the Indenture dated December 14, 2010 among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee.

  • Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.