Examples of PIK Notes in a sentence
Subject to the issuance of PIK Notes as described herein, the Notes are in registered form without coupons in minimum denominations of U.S.$2,000 and integral multiples of U.S.$1.00 in excess thereof; provided that after a payment of PIK Interest, the Notes shall be in registered form without coupons in minimum denominations of U.S.$1.00 and any integral multiple of U.S.$1.00 in excess thereof.
The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes outstanding (including any outstanding PIK Notes and any increased principal amounts as a result of any payment of PIK Interest) at such date of determination.
Name: Title: EXHIBIT C FORM OF NET SHORT REPRESENTATION The undersigned, ________________, and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”) have heretofore executed an indenture, dated as of August 8, 2024 (as amended, supplemented or otherwise modified, the “Indenture”), providing for the issuance of the Issuer’s Super-Priority Senior Secured PIK Notes due 2025 (the “Notes”).
The amount of PIK Interest shall be calculated based on the aggregate principal amount of the Notes and the PIK Notes (excluding PIK Interest to be issued on the related Interest Payment Date) outstanding on the related record date provided in this Note.
The Initial Notes (including any increase in the principal amount of the Notes as a result of a payment of PIK Interest) and any PIK Notes subsequently issued under this Indenture will be treated as a single class for all purposes hereunder, including, without limitation, waivers, amendments, redemptions and offers to purchase.