PIK Notice definition

PIK Notice shall have the meaning set forth in Section 2.08(f).
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PIK Notice shall have the meaning specified in Section 2.03.
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PIK Notice has the meaning set forth for such term in Section 2.11.
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Examples of PIK Notice in a sentence

  • The Trustee, on behalf of the Issuer, shall promptly upon receipt of the PIK Notice, and in no event later than the 10th calendar day immediately prior to the first day of such Interest Period, deliver a corresponding notice to the Holders.

  • Interest on the Notes in respect of any Interest Period for which a PIK Notice is not delivered in accordance with the first sentence of this paragraph must be paid entirely in cash.

  • When you buy a U.S. Treasury bill, you earn the interest rate on dollars because you are lending dollars to the U.S. government.Interest rates play an important role in the foreign exchange market because the large deposits traded there pay interest, each at a rate reflecting its currency of denomination.

  • In the event that the Company shall determine to pay PIK Interest with respect to any Interest Payment Date, then the Company shall deliver a PIK Notice to the Trustee as required by the Form of Security attached hereto as Exhibit A.

  • The Trustee, on behalf of the Company, shall promptly upon receipt of the PIK Notice, and in no event later than the 10th calendar day immediately prior to the Regular Record Date preceding such Interest Payment Date, deliver a corresponding notice prepared by the Company (which may be the same as the PIK Notice) to the Holders.


More Definitions of PIK Notice

PIK Notice has the meaning set forth in Section 4.06. [Redacted]
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PIK Notice has the meaning given to such term in Exhibit A hereto.
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PIK Notice has the meaning ascribed thereto in Section 2.5(3);
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PIK Notice has the meaning set forth in Section 2.20.
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PIK Notice means a notice from Borrower to Administrative Agent in the form of Exhibit F hereto.
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PIK Notice has the meaning set forth for such term in Section 2.01(4).
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PIK Notice means a written notice from Borrower to Agent detailing for such quarterly interest payment the amount of interest that shall be paid (i) in cash, and/or (ii) by adding such PIK Amount to the outstanding principal balance of the Loan for each Lender.
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