Common use of PIK Notes Clause in Contracts

PIK Notes. The aggregate principal amount of outstanding Notes shall from time to time be increased, as applicable, to reflect PIK Interest.

Appears in 3 contracts

Sources: Indenture (Getaround, Inc), Convertible Note Subscription Agreement (InterPrivate II Acquisition Corp.), Indenture (Vertical Aerospace Ltd.)

PIK Notes. The aggregate principal amount of outstanding Notes represented by a Global Note shall from time to time be increased, as applicable, to reflect PIK Interest.

Appears in 3 contracts

Sources: Indenture (Boxed, Inc.), Indenture (Seven Oaks Acquisition Corp.), Indenture (MultiPlan Corp)

PIK Notes. The aggregate principal amount of outstanding Notes shall from time to time be increased, as applicable, to reflect PIK InterestInterest (whether pursuant to the issuance of new Notes or an increase in the principal amount of existing Notes).

Appears in 1 contract

Sources: Indenture (Independence Contract Drilling, Inc.)