Examples of PIK Term Loans in a sentence
Any promissory note evidencing a Tranche C-3 Term Loan prior to the Amendment Agreement Effective Date may be exchanged, upon the request of the relevant Lender made through Administrative Agent and surrender of such promissory note to the relevant Borrower through Administrative Agent, for promissory notes evidencing the Tranche C-3 PIK Term Loans into which such Lender’s Tranche C-3 Term Loans were converted on the Amendment Agreement Effective Date.
Any promissory note evidencing a Tranche C-2 Term Loan prior to the Amendment Agreement Effective Date may be exchanged, upon the request of the relevant Lender made through Administrative Agent and surrender of such promissory note to the relevant Borrower through Administrative Agent, for promissory notes evidencing the Tranche C-2 PIK Term Loans into which such Lender’s Tranche C-2 Term Loans were converted on the Amendment Agreement Effective Date.