PIK Payment definition

PIK Payment has the meaning specified in Section 2.06.

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

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

Examples of PIK Payment in a sentence

• All Notes issued pursuant to a PIK Payment will mature on the same maturity date as the Notes issued on the Issue Date and will be governed by, and subject to the terms, provisions and conditions of, the Indenture and shall have the same rights and benefits as the Notes issued on the Issue Date.

• Following an increase in the principal amount of the outstanding Global Notes as a result of a PIK Payment, such 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 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.

More Definitions of PIK Payment

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.

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

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 means, in connection with a payment of PIK Interest, any increase in the outstanding aggregate principal amount of the Notes or any issuance of PIK Notes.

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