PIK Option definition

PIK Option has the meaning specified in Section 2.06.

PIK Option shall have the meaning provided in Section 2.2(e).

PIK Option has the meaning assigned to such term in Section 3.02(d).

Examples of PIK Option in a sentence

• The Notes will bear interest at 7.000% per annum (the “Cash Interest Rate”), subject to the PIK Option as described below, as from the Issue Date until the principal thereof is paid or made available for payment.

• The Notes will bear interest at 4.375% per annum (the “Cash Interest Rate”), subject to the PIK Option as described below, as from the Issue Date until the principal thereof is paid or made available for payment.

• The Notes will bear interest at 7.125% per annum (the “Cash Interest Rate”), subject to the PIK Option as described below, as from the Issue Date until the principal thereof is paid or made available for payment.

• The Notes will bear interest at 6.000% per annum (the “Cash Interest Rate”), subject to the PIK Option as described below, as from the Issue Date until the principal thereof is paid or made available for payment.

• The Notes will bear interest at 5.125% per annum (the “Cash Interest Rate”), subject to the PIK Option as described below, as from the Issue Date until the principal thereof is paid or made available for payment.

More Definitions of PIK Option

PIK Option means the Company's option to pay up to half of the interest payable on the Securities on any three of the first five interest payment dates in the form of PIK Notes instead of cash.

PIK Option has the meaning assigned to such term in Section 2.13(g).

PIK Option as defined in Section 2.1(c).

PIK Option has the meaning specified in Exhibit A and the Notes.

PIK Option is defined in SECTION 2.1.

PIK Option as defined in Section 2.1(c). “Principal Increase” as defined in Section 2.1(b). 3.

PIK Option as defined in subsection 3.1(d).