PIK Securities definition

PIK Securities means any series of Securities where interest is payable, at the election of the Company or a Holder of such Security, in additional Securities.

PIK Securities means additional Securities issued under this Indenture on the same terms and conditions as the Securities issued on the Issue Date in connection with a PIK Payment.

PIK Securities means additional Securities issued under this Indenture on the same terms and conditions as the Securities issued on the Issue Date in connection with the payment of PIK Interest.

Examples of PIK Securities in a sentence

• These strategic outcomes will reflect the situation and dynamics of a country, in line with national priorities, goals and regulations and consistent with the core values of WFP and the United Nations.

• The PIK Notes issued on the Initial Issue Date and any such PIK Securities and any other PIK Notes issued under the PIK Notes Indenture shall be treated as single class for all purposes under the PIK Notes Indenture.

• The PIK Notes have been issued only in fully registered form without interest coupons in minimum denominations of$75,000 (except in the case of PIK Securities) and integral multiples of $1.00 in excess thereof.

• The Issuer will invest in a Portfolio of Collateral Debt Obligations consisting of Senior Secured Loans, Senior Secured Bonds, Unsecured Senior Obligations, Second Lien Loans, Mezzanine Obligations, PIK Securities, Corporate Rescue Loans, Bridge Loans and High Yield Bonds.

• The Issuer will invest in a portfolio of Collateral Debt Obligations consisting at the time of acquisition of predominately Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Unsecured Senior Obligations, Mezzanine Obligations, PIK Securities, Corporate Rescue Loans, Bridge Loans and High Yield Bonds as well as certain other investments, all of which will have greater credit and liquidity risk than investment grade sovereign or corporate bonds or loans.

More Definitions of PIK Securities

PIK Securities has the meaning set forth in Section 6.2(b)(iii)(B)(6).

PIK Securities means any class or series of Partnership Securities established after the initial Class B Issue Date, the terms of which class or series expressly provide for distributions to be paid in kind in the form of additional Partnership Securities.

PIK Securities means Securities issued in lieu of the payment of cash interest as provided in Section 2.02 or 5.01.

PIK Securities means additional Securities issued under this Indenture on the same terms and conditions as the related Securities issued on the Issue Date in connection with PIK Interest. For the avoidance of doubt, the term “PIK Securities” shall not include any increases to the principal amount of the outstanding Global Notes as a result of a payment of PIK Interest.

PIK Securities means any series of Securities where interest is payable, whether or not at the election of the Company or a Holder of such Security, in additional Securities.

PIK Securities means additional subordinated notes issued as in-kind interest on the outstanding Subordinated Obligations in accordance with the terms of the Subordinated Loan Documents and not prohibited by the terms of this Agreement.

PIK Securities means (i) Common Stock for any dividend payment in shares of Common Stock below the Stock Issuance Cap and (ii) a Warrant for any dividend payment in shares of Common Stock in excess of the Stock Issuance Cap.