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
Any PIK Notes shall be issued with the description PIK on the face of such Note, and references to the “principal amount” of the Notes shall include any increase in the principal amount of the outstanding Notes as a result of any PIK Payment.
Following an increase in the principal amount of the outstanding Global Notes as a result of a PIK Payment, the Global Notes shall bear interest on such increased principal amount from and after the date of such PIK Payment.
All PIK Notes issued pursuant to a PIK Payment shall be governed by, and subject to the terms, provisions and conditions of, this Indenture and shall have the same rights and benefits as the Notes issued on the initial issue date of such Notes.
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 an interest payment with respect to the Notes made by increasing the outstanding Principal Amount of the Notes or issuing PIK Notes, in each case by the amount of such payment.
PIK Payment means any payment of PIK Interest on any Interest Payment Date for the Interest Period ending on and including the day immediately preceding such Interest Payment Date.
PIK Payment means the payment of all or a portion of Accrued Dividends in PIK Shares.
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.