Accrued PIK Interest definition

Accrued PIK Interest shall have the meaning set forth in Section 2(c).

Accrued PIK Interest means at any time the sum of the PIK Interest accrued on each Note during all Interest Periods preceding such time, less an amount equal to the PIK Interest accrued on that Note and which has been paid in connection with a partial redemption of that Note pursuant to Clause 9 (Redemption and Repurchase of the Notes);

Accrued PIK Interest means at any time, the sum of the PIK Interest accrued on each Bond during all Interest Periods preceding such time, less an amount equal to the PIK Interest accrued on that Bond and which has been repaid in connection with a partial prepayment of that Bond pursuant to Clause 12.4 (Mandatory Partial Prepayment).

Examples of Accrued PIK Interest in a sentence

• The repayment per Note shall equal SEK 534,000 together with accrued but unpaid Interest (including any Accrued PIK Interest) in respect of the redeemed amount.

• It shall be a complete defense to any action brought by any holder under § 15-802 of 23 the Commercial Law Article that, within 30 days from the mailing of "the Notice of 24 Dishonored Check", the maker or drawer has paid the holder the full amount of the 25 check or instrument and collection costs of not more than [$25] $35.

• All Accrued PIK Interest and any PIK Interest accruing during the current Interest Period shall become immediately payable if all amounts due in respect of the Bonds shall be immediately due and payable under Clause 14 ( Events of Defaults and Acceleration of the Bonds) or if the Bonds are redeemed in accordance with Clause 12 (Redemption and Repurchase of the Bonds) or partial prepaid in accordance with Clause 12.4 {Mandatory Partial Prepayment).

• Accrued PIK Interest shall be capitalised on each anniversary of the Issue Date.

• Subject to Clause 11.4, all Accrued PIK Interest shall be paid in full on the Final Redemption Date.

More Definitions of Accrued PIK Interest

Accrued PIK Interest means at any time, the sum of the PIK Interest accrued and capitalised pursuant to Clause 9.2.3 (PIK Interest) on each Note, less an amount equal to the PIK Interest accrued and capitalised on that Note and which has been repaid in connection with a partial prepayment of that Note pursuant to Clause 10.3 (Voluntary partial redemption).

Accrued PIK Interest means, at any time during any calendar quarter, the sum of (i) interest on the outstanding principal amount of Term Loan 2 accrued at the PIK Interest Rate, plus (ii) interest on the Consolidated PIK Amount (calculated as of the first day of such three month period) accrued at the Consolidated PIK Interest Rate during such quarter.

Accrued PIK Interest the aggregate amount of all PIK Interest which has been added to the principal balances of the Revolving Credit Notes and Term Notes, as applicable, but which has not been paid by Borrowers in cash.

Accrued PIK Interest means the payment-in-kind of interest in respect of the Loan by increasing and capitalizing such interest on the outstanding principal amount of the Loan pursuant to Section 2.05(e).

Accrued PIK Interest means $2,500,000, being an amount resulting from the accrual of interest on the principal amount of “Loans” under and as defined in the Pre-Petition Second Lien Credit Agreement at a rate equal to the Adjusted LIBO Rate plus 9% per annum during the period commencing on the Petition Date and ending on the Effective Date.

Accrued PIK Interest has the meaning given to that term in Section 15.3 (PIK Interest).

Accrued PIK Interest has the meaning assigned to such term in Section 2.01(a).