PIK Period means the period beginning on the first Borrowing Date through and including the earlier to occur of (i) the sixteenth (16th) Payment Date after the first Borrowing Date and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and the sixteenth (16th) Payment Date after the first Borrowing Date).
PIK Period has the meaning set forth in Section 2.06(c)(i).
PIK Period means the period beginning on the First Borrowing Date through and including, the earlier to occur of (i) the nineteenth (19th) Payment Date after the First Borrowing Date (i.e., March 31, 2020), and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and the nineteenth (19th) Payment Date after the First Borrowing Date (i.e., March 31, 2020)).”
Examples of PIK Period in a sentence
Notwithstanding anything to the contrary herein, during the PIK Period, interest on the 2023 Participating Term Loans shall be paid in arrears by adding interest accrued and unpaid (and not previously added to principal) as of such date to the then outstanding principal balance on each Interest Payment Date applicable to such 2023 Participating Term Loans.
More Definitions of PIK Period
PIK Period means the period beginning on the first Borrowing Date through and including the earlier to occur of (i) (A) if only one Borrowing shall be made, the twelfth (12th) Payment Date after the first Borrowing Date, and (B) if more than one Borrowing (other than PIK Borrowings) shall be made, the sixteenth (16th) Payment Date after the first Borrowing Date, and (ii) the date on which any Event of Default shall have occurred (provided that if such Event of Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Event of Default and (x) if only one Borrowing shall be made, the twelfth (12th) Payment Date after the first Borrowing Date), or (y) if more than one Borrowing (other than PIK Borrowings) shall be made, the sixteenth (16th) Payment Date after the first Borrowing Date.
PIK Period shall have the meaning assigned to such term in Section 2.06(d).
PIK Period means the period beginning on the first Borrowing Date through and including the earlier to occur of (a) the sixteenth (16th) Payment Date after the first Borrowing Date (or if Borrower has achieved the Revenue Milestone, the twenty third (23rd) Payment Date after the first Borrowing Date) and (b) the date on which any Default or Event of Default shall have occurred (provided that if such Default or Event of Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default or Event of Default and the sixteenth (16th) Payment Date (or if Borrower has achieved the Revenue Milestone, the twenty third (23rd) Payment Date) after the first Borrowing Date.
PIK Period means the period beginning on the First Borrowing Date through and including, the earlier to occur of (i) (A) if a Qualifying IPO does not occur by the twelfth (12th) Payment Date following the First Borrowing Date, the twelfth (12th) Payment Date after the First Borrowing Date or (B) if a Qualifying IPO does occur by the twelfth (12th) Payment Date following the First Borrowing Date, the sixteenth (16th) Payment Date after the First Borrowing Date, and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and either (A) if a Qualifying IPO does not occur by the twelfth (12th) Payment Date following the First Borrowing Date, the twelfth (12th) Payment Date after the First Borrowing Date or (B) if a Qualifying IPO does occur by the twelfth (12th) Payment Date following the First Borrowing Date, the sixteenth (16th) Payment Date after the First Borrowing Date).
PIK Period means the period beginning on the Closing Date and ending on the earlier to occur of (i) the sixteenth (16th) Payment Date after the Closing Date and (ii) the date on which any Event of Default shall have occurred (provided that if such Event of Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Event of Default and the sixteenth (16th)Payment Date after the Closing Date).
PIK Period has the meaning given to that term in Convertible Note Condition 2.
PIK Period shall have mean the period commencing on the Closing Date and ending on the PIK End Date.