Subordinated PIK Notes means the subordinated PIK notes to be issued as contemplated by the SSN Restructuring Term Sheet.

Subordinated PIK Notes means the subordinated PIK notes to be issued by New Holdco in accordance with the Existing Notes Indenture.

Subordinated PIK Notes means the $12,500,000 in new notes, issued by Reorganized Eurofresh, to the New Investors on the Effective Date in exchange for the New Money Investment, with a maturity date seven years after the Effective Date, which shall bear interest at 15% per annum and shall be subordinated to claims under the New Credit Facility. Interest on the Subordinated PIK Notes shall be payable only in kind until the indebtedness under the New Credit Facility is paid in full, and thereafter, interest on the Subordinated PIK Notes shall continue to be payable in kind until the first interest payment date following the adoption by the Board of Directors of Reorganized Eurofresh of a resolution authorizing the payment of cash interest on the Subordinated PIK Notes, at which point the annual rate of interest going forward shall be reduced to 12.5%. A form of Subordinated PIK Note shall be contained in the Plan Supplement.

Examples of Subordinated PIK Notes in a sentence

The Company's indenture for the Notes and Senior Credit Facility restrict the payment of dividends by the Company to Holdings for repayment of the Junior Subordinated PIK Notes.
Senior Notes due 2020, to the extent such funds are being held for repayment of the (i) 7% Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc.
Dated: _____________________________ TALK AMERICA HOLDINGS, INC., by [Seal] TRUSTEE'S CERTIFICATE OF AUTHENTICATION This is one of the 12% Subordinated PIK Notes due 2007 described in the within-mentioned Indenture.
The Division shall prepare and maintain a comprehensive statewide outdoor recreation plan.
Dated as of [_________], 2002 ---------------------------- U.S. [_____________] 12% Senior Subordinated PIK Notes due August 15, 2007 TALK AMERICA HOLDINGS, INC.

More Definitions of Subordinated PIK Notes

Subordinated PIK Notes means New Holdco’s 7.50% subordinated PIK notes due November 30, 2027 pursuant to the Subordinated PIK Notes Indenture.

Subordinated PIK Notes means the 7.50% Euro denominated Subordinated PIK Notes due 30 November 2027 issued by New Holdco under the Subordinated PIK Notes Indenture outstanding as at the date of this Agreement.

Subordinated PIK Notes means any increasing Rate Promissory Notes ---------------------- issued in payment of interest in kind pursuant to Section 1.3 of the Subordinated Note Agreement.

Subordinated PIK Notes means the 12% pay-in-kind Senior Subordinated Notes due 2008 to be issued by the Borrower and a special purpose co-obligor of the Borrower pursuant to the Restructuring.

Subordinated PIK Notes means notes issued pursuant to the Subordinated Pay-in-Kind Notes Indenture, dated as of the date of this Indenture.

Subordinated PIK Notes means the Subordinated Pay-In-King Notes due 2009 with Contingent Interest of the Authority.

Subordinated PIK Notes means the Subordinated Pay-In-Kind Notes due 2009 with contingent interest, issued on the date of this Indenture by the Authority, as in effect on the date of this Indenture.