PIK Payment definition

PIK Payment means the payment of any PIK Interest on the Notes.

PIK Payment has the meaning specified in Section 2.06.

PIK Payment means an interest payment with respect to the Securities made by (1) an increase in the outstanding principal amount of the Securities or (2) the issuance of PIK Securities.

Examples of PIK Payment in a sentence

• Following an increase in the principal amount of the outstanding Global Notes as a result of a PIK Payment, the Global Notes will bear interest on such increased principal amount from and after the date of such PIK Payment.

• Following an increase in the principal amount of the outstanding Global Notes as a result of a PIK Payment, the Global Notes will bear interest on such increased principal amount from and after the Interest Payment Date in respect of which such PIK Payment was made.

• Following an increase in the principal amount of the outstanding Global Notes as a result of a PIK Payment, the Notes will bear interest on such increased principal amount from and after the date of such PIK Payment.

• The Board agreed to change the next Regular Meeting to Tuesday, 11/20/2018 instead of the evening before Thanksgiving.

• Following an increase in the principal amount of the outstanding Global Securities as a result of a PIK Payment, the Global Securities will bear interest on such increased principal amount from and after the date of such PIK Payment.

More Definitions of PIK Payment

PIK Payment shall have the meaning set forth in Section 2.03(b).

PIK Payment means an interest payment with respect to the Toggle Notes made by increasing the outstanding principal amount of the Toggle Notes or issuing PIK Notes.

PIK Payment means any payment of PIK Interest on any Interest Payment Date for the interest period ended on such date.

PIK Payment means an interest payment made by increasing the outstanding principal amount of the Notes.

PIK Payment means the payment of all or a portion of Accrued Dividends in PIK Shares.

PIK Payment means, with respect to the Senior Subordinated Debt, payments in the form of additional notes (or the increase of the principal amount of the related notes) in lieu of cash payments.

PIK Payment has the meaning assigned to such term in Section 2.02(d).