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

For the avoidance of doubt, following the increase in the aggregate principal amount of any outstanding Global Note as a result of a PIK Payment, such Global Note will bear interest on such increased aggregate principal amount from and after the date of such PIK Payment at the rate applicable to the Notes in the manner set forth on Exhibit A.
Any certificated Notes will be issued with the description “PIK” on the face of such Notes, 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.
For the avoidance of doubt, references in this Indenture to the principal amount of Notes shall include any PIK Notes and any increases of principal as a result of a PIK Payment, as applicable.
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.
In connection with a PIK Payment in respect of the Notes, the Company will, without the consent of Holders, either increase the aggregate principal amount of an outstanding Global Note or issue PIK Notes under this Indenture.

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

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 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.