PIK Interest Note definition

PIK Interest Note has the meaning specified in Section 2.15.
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PIK Interest Note means a promissory note of the Borrower, payable to the order of the Lender, substantially in the form of Exhibit A-3, evidencing the aggregate Indebtedness of the Borrower to the Lender resulting from the capitalization of accrued interest payable on the Loans pursuant to Section 2.5(b).
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PIK Interest Note means any payment-in-kind subordinated note of ----------------- Universal (substantially in the form of Exhibit I to Exhibit A-2 of the Redemption Agreement) issued pursuant to Section 2 of the PIK Note, or any note which could be issued in substitution for any such PIK Interest Note.
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Examples of PIK Interest Note in a sentence

  • Any certificated PIK Interest Notes shall be issued with the description “PIK” on the face of such PIK Interest Note.

  • Any PIK Interest Note shall, after being executed and authenticated pursuant to Section 2.02 hereof, be mailed to the Person entitled thereto as shown on the register for the Definitive Notes as of the relevant Record Date.

  • Any PIK Interest Note shall, after being executed and authenticated pursuant to Section 2.04 hereof, be mailed or delivered via overnight courier to the Person entitled thereto as shown on the register for the Physical Notes as of the relevant Regular Record Date.

  • Any PIK Interest Note shall, after being executed and, if applicable, authenticated pursuant to Section 303 hereof, be (i) if such PIK Interest Notes are Definitive Notes, mailed to the Person entitled thereto as shown on the register for the Definitive Notes as of the relevant Regular Record Date or (ii) if such PIK Interest Notes are Global Notes, deposited into the account specified by the Holder or Holders thereof as of the relevant Regular Record Date.

  • Any PIK Interest Note shall, after being executed and, if applicable, authenticated pursuant to Section 2.02 hereof, be (i) if such PIK Interest Notes are Definitive Notes, mailed to the Person entitled thereto as shown on the register for the Definitive Notes as of the relevant Record Date or (ii) if such PIK Interest Notes are Global Notes, deposited into the account specified by the Holder or Holders thereof as of the relevant record date.

  • Any PIK Interest Note shall, after being executed and authenticated pursuant to Section 2.04 hereof, be mailed to the Person entitled thereto as shown on the register for the Physical Notes as of the relevant Regular Record Date.

  • The Lender is hereby authorized to endorse on the grid attached to the PIK Interest Note the amount of interest capitalized and evidenced by the PIK Interest Note.

  • Any certificated PIK Notes will be issued with the description “PIK” on the face of such PIK Interest Note.

  • The principal amount of each PIK Interest Note shall equal the amount of PIK Interest that accrued on the Note for which PIK Interest is being paid.

  • On any Interest Payment Date on which the Issuer makes a PIK Payment by issuing definitive Notes (a “PIK Interest Note”) under this Indenture having the same terms as the Notes, the principal amount of any such PIK Interest Note issued to any Holder, for the relevant interest period as of the relevant Record Date for such Interest Payment Date, will be rounded up to the nearest whole dollar.


More Definitions of PIK Interest Note

PIK Interest Note has the meaning set forth in the DIP Facility;
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PIK Interest Note means a Note evidencing the obligation to pay PIK Interest issued in accordance with Section 3.1(d).
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PIK Interest Note has the meaning given to the term in Section 2.6(d).
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PIK Interest Note has the meaning assigned to such term in Section 2.4(b).
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PIK Interest Note. 2.01(a) “PIK Notice” 4.01 “PIK Payment” 2.01(a) “Register” 2.03 “Registrar” 2.03
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PIK Interest Note shall have the meaning given in Section 1.03(b) of this Second Supplemental Indenture. “PIK Notice” shall have the meaning given in Section 1.03(b) of this Second Supplemental Indenture. “PIK Payment” shall have the meaning given in Section 1.03(b) of this Second Supplemental Indenture. “Redemption Date” means the date fixed for the redemption of the 2027 Notes by or pursuant to the Indenture. “Regular Record Date” means, with respect to each Interest Payment Date, the close of business on the preceding January 12, April 12, July 12 and October 12, as the case may be (whether or not a Business Day). “Stated Maturity” means April 27, 2027.
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Related to PIK Interest Note

  • PIK Interest has the meaning specified in Section 2.05(a).

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.

  • 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.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.