PIK Payment Date definition

PIK Payment Date is defined in Section 17.3(c).
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PIK Payment Date has the meaning set forth in Section 5.10(b)(v).
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Examples of PIK Payment Date in a sentence

  • On the Series A PIK Payment Date, the Partnership shall have the option to (i) issue to such Series A Preferred Unitholder a certificate or certificates for the number of Series A PIK Units to which such Series A Preferred Unitholder shall be entitled, or (ii) cause the Transfer Agent to make a notation in book entry form in the books of the Partnership.

  • On the PIK Payment Date, the Partnership shall issue to such holder of Class B Units a certificate or certificates for the number of PIK Units to which such holder of Class B Units shall be entitled.

  • On the Series A PIK Payment Date, the Partnership shall have the option to (1) issue to such Series A Preferred Unitholder a certificate or certificates for the number of Series A PIK Units to which such Series A Preferred Unitholder shall be entitled, or (2) cause the Transfer Agent to make a notation in book entry form in the books of the Partnership.

  • On the Series B PIK Payment Date, the Partnership shall issue to such holder of Series B Units a Certificate or Certificates for the number of Series B PIK Units to which such holder of Series B Units shall be entitled.

  • Immediately upon any issuance of the Common Units in lieu of PIK Units, all rights of the electing Series B Holder in respect the PIK Units payable on that PIK Payment Date shall cease, and such electing Series B Holder shall be treated for all purposes as the owner of Common Units.

  • Such a notice may also specify that it remains in effect for such Series B Eligible Holder with respect to all future PIK Payment Dates until it is revoked in writing by the Series B Eligible Holder no less than 10 days before the first PIK Payment Date for which such revocation is to be effective.

  • On the PIK Payment Date, the Partnership shall issue to such holder of Class B Units a certificate or certificates for the number of PIK Units to which such holder of Class B Units shall be entitled, or, at the request of the holder, a notation in book entry form in the books of the Transfer Agent.

  • On the PIK Payment Date, the Company shall issue to such Series A Unitholder such documents (such as a receipt, confirmation or book-entry statement) in form and substance determined by the Company evidencing the number of PIK Units to which such Series A Unitholder shall be entitled.

  • On the PIK Payment Date, the Partnership shall issue to such holder of Class C Units a certificate or certificates for the number of PIK Units to which such holder of Class C Units shall be entitled.

  • For purposes of determining the Class B Distribution owed in respect of any PIK Unit, each PIK Unit shall be deemed to have been issued on the first day of the Quarter in which the PIK Payment Date occurs.

Related to PIK Payment Date

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

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • PIK Amount means, as of any date of determination, the amount of all interest accrued with respect to the Loans that has been paid in kind by being added to the balance thereof in accordance with Section 2.04(b).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Redemption Payment Date As defined in Section 13.1.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Initial Dividend Payment Date means the Initial Dividend Payment Date as determined by the Board of Directors of the Corporation with respect to the AMPS or Other AMPS, as the case may be.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in August 2022.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Class A-4 Final Scheduled Payment Date means the Payment Date in February 2024.

  • Interest Date means the last day of an Interest Period.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.