PIK Interest Payment Date definition

PIK Interest Payment Date means September 30 of each year, beginning on September 30, 2016.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

PIK Interest Payment Date shall have the meaning set forth in Section 2(a) hereof.

PIK Interest Payment Date means the second anniversary of the Closing Date;

Examples of PIK Interest Payment Date in a sentence

• The PIK Interest shall be payable annually in arrears on each PIK Interest Payment Date by issuing to the Holder new notes of the same type in certificated form in an aggregate principal amount equal to the amount of the PIK Interest for the applicable interest period (such new notes, the “PIK Notes”).

• If an Interest Payment Date, PIK Interest Payment Date, payment date for principal or other payment date falls on a day other than a Business Day, such payment shall be made on the next Business Day after such day.

• The Company will determine on March 31 (or if earlier, on the Required Filing Date for an annual report) and August 14 (or if earlier, on the Required Filing Date for a quarterly report for the second quarter) of each year (a "PIK Interest Payment Date"), the Consolidated Leverage Ratio of the Company as of the end of the immediately preceding six-month, semi-annual period ending on the immediately preceding Interest Payment Date (a "PIK Accrual Period").

• Any Additional PIK Notes shall be issued and delivered to each Holder at the Company's expense on or as soon as practicable (and in any event within 10 days) after the applicable PIK Interest Payment Date.

• If the Company elects to issue PIK Notes, the Company shall deliver to the Trustee no later than five Business Days prior to the applicable PIK Interest Payment Date appropriate PIK Notes duly executed by the Company together with a written order to authenticate and deliver such PIK Notes, dated as of the applicable PIK Interest Payment Date, in an aggregate amount equal to the Capitalized Amount for the applicable interest period (rounded up to the nearest $1.00).

More Definitions of PIK Interest Payment Date

PIK Interest Payment Date means, if the QIPO Effective Date shall not have occurred on or prior to the PIK Interest Commencement Date, each Interest Payment Date falling after the PIK Interest Commencement Date up to and including the Interest Payment Date falling on or immediately following the QIPO Effective Date.

PIK Interest Payment Date means the date which falls on each anniversary of the Issue Date.

PIK Interest Payment Date means (a) the last Business Day of each March, June, September and December to occur during any PIK Interest Accrual Period (or, at the option of Borrower, on the last Business Day of any Interest Period then applicable to Term Loans that occurs prior to any such applicable last Business Day) and (b) the Term Loan Maturity Date

PIK Interest Payment Date means each Annual PIK Interest Payment Date, Semi-Annual PIK and Cash Interest Payment Date and Semi-Annual PIK and Reduced Cash Interest Payment Date, as applicable.”

PIK Interest Payment Date means September 30 of each year, beginning on September 30, 2016. “Variable Interest Entity” shall have the meaning ascribed to such term in the SouFun Subscription Agreement. 2. Maturity; Prepayment.

PIK Interest Payment Date is defined in Section 2.1.2(a) of this Agreement.

PIK Interest Payment Date means each Interest Payment Date occurring on or after the Sixth Amendment Date.