Second Lien PIK Notes definition

Second Lien PIK Notes means the 11.000% / 12.000% Second Lien PIK Notes due 2024 issued under the Second Lien Note Indenture.
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Second Lien PIK Notes means the 6 5/8% Senior Secured Convertible PIK Toggle Notes due 2019 issued pursuant to the Second Lien PIK Notes Indenture.
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Second Lien PIK Notes means the 10% Second Lien Secured PIK Notes due 2023 issued to CEVA Holdings on May 2, 2013;
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Examples of Second Lien PIK Notes in a sentence

  • Accrued paid in-kind interest is assumed to be settled in cash at the date of maturity of the Second Lien PIK Notes.

  • Amounts are based on the aggregate outstanding principal balances of the Revolving Credit Facility, the First Lien Notes and the Second Lien PIK Notes.

  • Beginning with the August 15, 2018 interest payment on the Prepetition Second Lien PIK Notes, the Debtors were required to pay interest on their Prepetition Second Lien PIK Notes at 10% in cash (instead of 1% in cash and 9% in payment in kind).

  • Interest on the First Lien Notes and the Second Lien PIK Notes at their respective interest rates of 8.375% and 12.0%, which assumes the interest on the Second Lien PIK Notes will be paid in-kind.

  • The Company did not make the approximately $31.4 million interest payment due on October 1, 2020 with respect to the Prepetition First Lien Notes and the approximately $19.6 million PIK interest payment due October 1, 2020 with respect to the Prepetition Second Lien PIK Notes and used the 30-day grace period provided under the Indentures.


More Definitions of Second Lien PIK Notes

Second Lien PIK Notes means those certain 6 5/8% secured convertible notes due October 2019, issued by SHC pursuant to that certain Indenture, dated March 20, 2018 (as at any time amended, restated, amended and restated or otherwise modified) by and among SHC, as issuer, Computershare Trust Company, N.A., as trustee, and California Builder Appliances, Inc., Florida Builder Appliances, Inc., Kmart Corporation, Kmart Holding Corporation, Kmart Operations LLC, Sears Operations LLC, Sears, Roebuck and Co., Sears Holdings Management Corporation, Sears Home Improvement Products, Inc., Sears Roebuck Acceptance Corp., A&E Factory Service, LLC, A&E Home Delivery, LLC, A&E Lawn & Garden, LLC, A&E Signature Service, LLC, KLC, Inc., Kmart of Michigan, Inc., Private Brands, Ltd., Sears Brands Management Corporation, Sears Protection Company, Sears Protection Company (Florida) L.L.C., Sears Roebuck de Puerto Rico, Inc., SOE, Inc., Starwest, LLC, Kmart.com LLC, Kmart of Washington LLC, Kmart Stores of Illinois LLC, Kmart Stores of Texas LLC, and Mygofer LLC, as guarantors.
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Second Lien PIK Notes means the “Notes” as such term is defined in the Second Lien Note Purchase Agreement.
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Second Lien PIK Notes means the Issuer’s Second Lien Senior Secured PIK Notes due 2018 issued pursuant to the Second Lien PIK Indenture.”
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Second Lien PIK Notes means those certain 6 5/8% secured convertible notes due October 2019, issued by SHC pursuant to that certain Indenture, dated March 20, 2018 (as at any time amended, restated, amended and restated or otherwise modified) by and among SHC, as issuer, Computershare Trust Company, N.A., as trustee, and California Builder Appliances, Inc., Florida Builder Appliances, Inc., Kmart Corporation, Kmart Holding Corporation, Kmart Operations LLC, Sears Operations LLC, Sears, Xxxxxxx and Co., Sears Holdings Management Corporation, Sears Home Improvement Products, Inc., Sears Xxxxxxx Acceptance Corp., A&E Factory Service, LLC, A&E Home Delivery, LLC, A&E Lawn & Garden, LLC, A&E Signature Service, LLC, KLC, Inc., Kmart of Michigan, Inc., Private Brands, Ltd., Sears Brands Management Corporation, Sears Protection Company, Sears Protection Company (Florida) L.L.C., Sears Xxxxxxx de Puerto Rico, Inc., SOE, Inc., Starwest, LLC, Xxxxx.xxx LLC, Kmart of Washington LLC, Kmart Stores of Illinois LLC, Kmart Stores of Texas LLC, and Mygofer LLC, as guarantors.
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Second Lien PIK Notes means the 10% Second Lien Senior Secured PIK Notes due 2018 issued under the Second Lien PIK Indenture, as the same may be amended, amended and restated, modified, supplemented and/or extended from time to time in accordance with the terms hereof and thereof.”
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Second Lien PIK Notes means additional New 2050 Second Lien Notes issued under the New 2050 Second Lien Notes Indenture on the same terms and conditions as the related New 2050 Second Lien Notes issued on the Issue Date in connection with payments of PIK interest pursuant to the New Second Lien Notes Indenture.
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Second Lien PIK Notes means the 11.000% / 12.000% Second Lien PIK Notes due 2024 issued under the Second Lien NoteIndenture.
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