Examples of PIK Notes Indenture in a sentence
Terms defined in the PIK Notes Indenture and not defined herein have the meanings ascribed thereto in the PIK Notes Indenture.
The following summary of certain provisions of the PIK Notes Indenture and the PIK Notes does not purport to be complete and is subject to, and is qualified in its entirety by reference to, all of the provisions of the PIK Notes Indenture.
Except as otherwise provided in Section 4.15 (Withholding Taxes) of the PIK Notes Indenture, all payments made by the Issuer, any Guarantor or a successor of any of the foregoing (each, a "Payor") on the PIK Notes or the Guarantees will be made free and clear of and without withholding or deduction for, or on account of, any Taxes unless the withholding or deduction of such Taxes is then required by law.
The PIK Notes are subject to all the terms and provisions of the PIK Notes Indenture, and the Holders (as defined therein) are referred to the PIK Notes Indenture for a statement of such terms and conditions.
The PIK Notes Indenture provides for the creation of "parallel debt obligations," pursuant to which the collateral agent on behalf of the holders of the PIK Notes will become the holder of a secured claim equal to each amount payable by an obligor under the PIK Notes Indenture, which is secured by the relevant share pledge.