PIK Interest has the meaning specified in Section 2.05(a).

PIK Interest shall have the meaning ascribed to such term in Section 2(a) of this Note.

PIK Interest means interest on the Notes payable by increasing the principal amount of the Notes or by issuing PIK Notes.

Examples of PIK Interest in a sentence

Each Subsidiary Guarantor agrees that the increase of any principal amount under any Loan in respect of PIK Interest pursuant to this Loan Agreement constitutes due delivery of the Subsidiary Guarantee with respect thereto set forth in the Loan Agreement on behalf of each Subsidiary Guarantor.

More Definitions of PIK Interest

PIK Interest means interest accrued on a Loan Asset that is added to the principal amount of such Loan Asset instead of being paid as cash interest as it accrues.

PIK Interest shall have the meaning set forth in Section 2.11(d).

PIK Interest has the meaning set forth in Section 3.4(a)(ii).

PIK Interest means interest paid with respect to the Notes in the form of increasing the outstanding principal amount of the Notes or issuing PIK Notes.

PIK Interest means interest accrued on a Loan Asset that is added to the principal amount of such Loan Asset instead of being paid as interest as it accrues.

PIK Interest means any accrued interest payments on Financing Debt that are postponed or made through the issuance of "payment-in-kind" notes or other similar securities (including book-entry accrual with respect to such postponed interest payments), all in accordance with the terms of such Financing Debt; provided, however, that in no event shall PIK Interest include payments made with cash or Cash Equivalents.

PIK Interest means, with respect to any interest payment date, the interest paid-in-kind on the Securities in the form of (i) an increase in the outstanding principal amount of the Securities or (ii) the issuance of PIK Securities as of such interest payment date.