PIK means payment in kind.
PIK means payable-in-kind.
PIK means payment-in-kind interest payable by the issuance of payment-in-kind notes or by increasing the principal amount of an obligation.
Examples of PIK in a sentence
Any PIK Notes issued in certificated form will be dated as of the applicable Interest Payment Date and will bear interest from and after such date.
The principal amount of each PIK Loan shall accrue interest in accordance with the provisions of this Agreement applicable to the Loans.
Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount.
Any certificated PIK Notes will be issued with the description “PIK” on the face of such PIK Note.
Any PIK Notes issued in certificated form will be dated as of the applicable interest payment date and will bear interest from and after such date.
More Definitions of PIK
PIK shall have the meaning assigned to such term in Section 2.04(b).
PIK means interest payable in kind.
PIK has the meaning given thereto in the definition of Interest Rate.
PIK means payments of interest on the Subordinate Note which are made solely in the form of increases to the principal amount of the Subordinate Notes pursuant to terms and conditions of the Subordinate Note.
PIK has the meaning set forth in the definition of Loan Rate.”; and
PIK has the meaning assigned to that term in the definition of “Consolidated Interest Expense.”
PIK shall have the meaning given to such term in the Purchase Agreement.