PIK Bond definition
PIK Bond means any Collateral Debt Security that pursuant to the terms of the related Underlying Instruments (a) permits the payment of interest thereon (with respect to such payments due on or after the date on which the security is purchased by the Issuer) to be deferred and capitalized as additional principal thereof or (b) issues identical (except principal and term) securities in place of payments of interest in cash.
PIK Bond means any Collateral Debt Security that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred and capitalized as additional principal thereof or that issues identical securities in place of payments of interest in cash.
PIK Bond means any Collateral Debt Security that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred or capitalized as additional principal thereof or that issues identical securities in place of payments of interest in cash; provided that in no event will a Negative Amortization Security constitute a "PIK Bond" for purposes of this definition.
More Definitions of PIK Bond
PIK Bond means any Collateral Debt Security that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred or capitalized as additional
PIK Bond means (i) any Cash Collateral Debt Security that is a CDO Security and that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred and capitalized as additional principal thereof or that issues identical securities in place of payments of interest in cash and (ii) any Credit Default Swap the Reference Obligation of which is a security having the characteristics specified in clause (i); provided that a Negative Amortization Security shall not be considered a PIK Bond.
PIK Bond means a security or loan the terms of which provide, with respect to all interest payable thereon, for the deferral of interest or payment of such interest in kind.
PIK Bond means any Collateral Debt Security (or any Synthetic Security, the Reference Obligation of which is a PIK Bond) that, pursuant to the terms of the related Underlying Instruments, permits the payment of interest thereon to be deferred, diverted and/or capitalized as additional principal thereof (even if sufficient interest proceeds would have been available to pay interest on the Collateral Debt Security) or that issues identical securities in place of payments of interest in cash (even if sufficient interest proceeds would have been available to pay interest on the Collateral Debt Security); provided that as of the date of such Collateral Debt Security’s inclusion in the Collateral, such Collateral Debt Security has paid in cash all interest accrued thereon up to and including such date. In no event shall a Negative Amortization Security constitute a PIK Bond for purposes of this definition.
PIK Bond means a debt instrument (Sw. skuldförbindelse) for the Nominal Amount and of the type set forth in Chapter 1 Section 3 of the Central Securities Depositories and Financial Instruments Accounts Act and which are governed by and issued under these Terms and Conditions.
PIK Bond means any Collateral Debt Security that pursuant to the terms of the related Underlying Instruments (a) permits the payment of interest thereon (with respect to such payments due on or after the date on which the security is purchased by the Issuer) to be deferred and capitalized as additional principal thereof or