PIK Interest Notes means the promissory notes issued pursuant to the TCC Note in payment of interest on the TCC Note.
PIK Interest Notes in a principal amount equal to such interest (the “PIK Payment”). The Company will pay interest semi-annually in arrears on each of May 31 and November 30 of each year, in the case of the Initial Notes, to the Persons who are registered Holders of Notes on the Regular Record Date immediately preceding the applicable Interest Payment Date. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance to but excluding the actual Interest Payment Date. All PIK Interest shall be paid in accordance with Section 314. The Notes shall be redeemable in accordance with their terms and as provided in Article Eleven and shall be subject to Defeasance and Covenant Defeasance as provided in Article Thirteen. The Notes shall have such other terms as are indicated in Annex A.
PIK Interest Notes means (i) any PIK Interest Note of the Company issued pursuant to paragraph 2 hereof (substantially in the form attached as Exhibit I), (ii) any PIK Interest Notes of the Company issued in payment of any interest accrued on any other PIK Interest Note, (iii) all other notes issued by the Company as payment of interest on the Unsecured Notes or (iv) any notes which may be issued in exchange or substitution for the notes described in clauses (i), (ii) or (iii) above, in whole or in part.
Examples of PIK Interest Notes in a sentence
The Trustee shall authenticate PIK Interest Notes and Additional Notes thereafter from time to time in unlimited amount for original issue upon receipt of a Company Order (subject to compliance by the Company with Sections 201, 1010 and 1012).
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.
More Definitions of PIK Interest Notes
PIK Interest Notes means additional Notes (other than the Initial Notes) issued under this Indenture in accordance with Section 2.16 hereof, as part of the same series as the Initial Notes. The Notes and the PIK Interest Notes, if any, shall be treated as a single class for all purposes of this Indenture, including, without limitation, Article IX hereof.
PIK Interest Notes has the meaning set forth in Section 301 hereof.
PIK Interest Notes has the meaning set forth in Section 301 hereof. “PIK Interest Rate” has the meaning set forth in Section 301 hereof. “PIK Payment” has the meaning set forth in Section 301 hereof.
PIK Interest Notes in a principal amount equal to such interest (the “PIK Payment”). Interest will be payable semi-annually in arrears on May 31 and November 30, beginning on December 2, 2019. Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 365-day or 366-day year, as applicable. For the purposes of the Interest Act (Canada), the annual rate of interest in any year during which the Notes are Outstanding which is equivalent to the interest rate under the Indenture shall be determined by multiplying the interest rate provided under the Indenture by a fraction, the numerator of which is the total number of days in such year and the denominator of which is 360. If a payment date is a Legal Holiday at a Place of Payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. The Company will pay interest (including post-petition interest in any proceeding under any applicable Bankruptcy Law) on overdue principal and premium, if any, at the interest rate specified in the Notes to the extent lawful; and it will pay interest (including post-petition interest in any proceeding under any applicable Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful; in each case as may be increased pursuant to the terms of Section 1001 of the Indenture.
PIK Interest Notes means (i) any PIK Interest Note of the Company issued pursuant to Section 2 hereof (substantially in the form attached as Exhibit I), (ii) any PIK Interest Notes of the Company issued in payment of any interest accrued on any other PIK Interest Note, (iii) all other notes issued by the Company as payment of interest on the Junior Subordinated Notes or (iv) any notes which may be issued in exchange or substitution for the notes described in clauses (i), (ii) or (iii) above, in whole or in part.