Payment in Kind definition

Payment in Kind has the meaning given to it in Section 11.1 of the Intercompany Loan Agreement;

Payment in Kind has the meaning given to it in Section 2(b).

Payment in Kind means any payment other than cash made or owing to the farm worker, to a value agreed to in either a contract of employment, collective agreement , provided that the agreed value may not be less than the cost to the employer or farm owner of providing the payment in kind;

Examples of Payment in Kind in a sentence

• The Company may, subject to certain approvals, elect the Payment in Kind election (“PIK Election”), in lieu of paying interest in cash, to satisfy all or any portion of its interest obligation payable on an interest payment date by issuing to each Debenture holder PIK Debentures equal to the amount of the interest obligation to be satisfied.

• Any such sale or Payment in Kind will be subject to the condition that the Asset Coverage Test is satisfied after the receipt or deemed receipt of the proceeds of such sale or Payment in Kind and repayment, after giving effect to such repayment.

• The Guarantor LP is also reliant on the Swap Providers to provide it with the funds matching its obligations under the Intercompany Loan Agreement and the Covered Bond Guarantee and the Bank has agreed to pay and will receive, as applicable, the breakage fees resulting under the Interest Rate Swap Agreement from a portfolio adjustment resulting from a Payment in Kind.

• If the Interest Amount is paid by Payment in Kind, the Principal Amount of the Note shall be increased by the applicable Interest Amount pursuant to Section 2(d) hereof.

• Subject to the terms hereof and provided that no Event of Default has occurred and is continuing, on Interest Payment Dates falling on or before September 30, 2009, the Company shall have the right to satisfy payment of the Interest Amount in full on each Interest Payment Date in cash or to capitalize the Interest Amount by increasing the Principal Amount by the Interest Amount (“Payment in Kind”) (but not in a combination of cash and Payment in Kind) at the Company’s option.

More Definitions of Payment in Kind

Payment in Kind means the payment to be made by the Borrower to the Lender on the Maturity Date in the amount of five percent (5%) of the original principal amount of the Loan. “Additional PIK” means the amount of 20% of the original principal amount of the Loan to be paid by the Borrower to the Lender in the event that the Loan is not repaid in full on the Maturity Date or upon the occurrence of an Event of Default, unless otherwise agreed to in writing by the Borrower and Lender.

Payment in Kind. Date The meaning given in Section 11.1(c) of the Intercompany Loan Agreement

Payment in Kind means the use of crude oil as payment for transportation tariff and related services in accordance with the agreements for transportation of petroleum and the Host Government Agreement;

Payment in Kind with respect to any PIK Dividend Payment Date, means the issuance by the Company to each Holder of Series A Preferred Stock that number of additional shares of Series A Preferred Stock that have a Stated Value, as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares, equal to the amount of accrued PIK Dividends on such Holder’s shares of Series A Preferred Stock outstanding as of such PIK Dividend Payment Date. Notwithstanding anything to the contrary contained herein, each Redemption Amount, Liquidation Preference and the number of shares of Series A Preferred Stock convertible hereunder shall be increased in accordance with this Certificate of Designations for all accrued and unpaid PIK Dividends, regardless of whether there has been any Payment-in-Kind with respect thereto.

Payment in Kind means the Trust’s prerogative to receive as a partial consideration for the subscription price of the Securities offered in the First Round, Payments in Kind corresponding to the ownership transfer of a particular property or real estate or part thereof.

Payment in Kind. Notice The meaning given in Section 11.1(c) of the Intercompany Loan Agreement Payment Ledger The ledger on the GDA Account of such name maintained by the Cash Manager pursuant to the Cash Management Agreement (or, if applicable, the ledger of such name maintained by the Standby Account Bank pursuant to the Standby Bank Account Agreement) to record the credits and debits of Available Revenue Receipts and Available Principal Receipts for application in accordance with the applicable Priority of Payments Perfect In respect of any relevant Loan and its Related Security in the Portfolio, delivery of notice to the Borrower of the sale, assignment and transfer of such Loan and its Related Security to the Guarantor and a direction to make all future repayments of the Loan to the Standby Account Bank for the account of the Guarantor by the Seller or, as necessary, by the Guarantor (or the Servicer on behalf of the Guarantor) on behalf of the Seller (under applicable powers of attorney granted to the Guarantor) to the Guarantor of such Loan and its Related Security and if required on the advice of counsel to the Guarantor (or the Servicer on its behalf) to perfect an interest in such Loan and its Related Security, registration of the transfer of legal title to the Mortgages in the appropriate land registry office, land titles office or similar office of public registration for the location where the relevant real property is located and Perfect and Perfection shall have corresponding meanings Performing Eligible Loans The meaning given in Schedule 2 (Asset Coverage Test) to the Guarantor Agreement Permanent Bearer Global Covered Bond A Permanent Global Covered Bond in bearer form Permanent Global Covered Bond A global covered bond substantially in the form set out in Part 2 of Schedule 2 (Forms of Global and Definitive Covered Bonds, Coupons and Talons) to the Trust Deed with such modifications (if any) as may be agreed between the Issuer, the Principal Paying Agent, the Bond Trustee and the relevant Dealer(s) or Lead Manager (in the case of syndicated issued), together with the copy of the applicable Final Terms Document annexed thereto, comprising some or all of the Covered Bonds of the same Series, issued by the Issuer pursuant to the Program Agreement or any other agreement between the Issuer and the relevant Dealer(s) relating to the Program, the Agency Agreement and the Trust Deed in exchange for the whole or part of any Temporary Global Covered Bond issued i...

Payment in Kind means the material contribution or offering of labour services by a parent to a school;