PIK Election definition
PIK Election has the meaning assigned to such term in Section 2.13(e).
PIK Election has the meaning specified therefor in Section 2.5(c)(ii).
PIK Election as defined in Section 2.7(d).
Examples of PIK Election in a sentence
In the event that the Administrative Borrower elects to exercise the PIK Election, it shall deliver a PIK Notice to the Administrative Agent no later than three (3) Business Days prior to the applicable Interest Payment Date specifying the Applicable PIK Amount that the Administrative Borrower is electing (such notice, a “PIK Notice”).
More Definitions of PIK Election
PIK Election shall have the meaning set forth in Section 2.06(d).
PIK Election means an election by the Borrower submitted to the Administrative Agent at least 3 Business Days prior to the commencement of an Interest Period for the interest payable on the Interest Payment Date with respect to such Interest Period to be payable in-kind in accordance with Section 2.08(d).
PIK Election means an election by the Issuer to satisfy an Interest Obligation on the applicable Interest Payment Date by issuing PIK Debentures in accordance with Article 5.
PIK Election has the meaning set forth in Section 1.1(b).
PIK Election means an election by the Borrower pursuant to a written notice delivered to the Administrative Agent to pay accrued and unpaid interest on the Initial Term Loans in-kind by capitalizing and adding such amount of accrued interest to the principal balance of such Initial Term Loans on the applicable Interest Payment Date, which PIK Election shall be delivered at least three days prior to the applicable Interest Payment Date and shall identify the Interest Period or Interest Periods for which such PIK Election shall be applicable.
PIK Election shall have the meaning set forth in Section 3(b).
PIK Election is defined in Section 7.1(b)(ii).