Examples of PIK Election Notice in a sentence
Irrespective of the date a PIK Election Notice is made, the actual payment in kind will occur on the applicable Interest Payment Date.
If a PIK Election Notice electing to pay interest in kind is made, on the applicable Interest Payment Date, the amount elected to be paid in kind will be capitalized, compounded and added to the unpaid principal amount of this Note effective as of such Interest Payment Date.
Unless otherwise consented to in writing by the Holder, if the Issuers fail to deliver a PIK Election Notice to Holder on or before the date specified above for such notice and do not make an interest payment in cash on the applicable Interest Payment Date for all interest due, it shall be deemed that the Issuers have elected to pay the balance of the interest due on the applicable Interest Payment Date in kind.
If the Borrower does not deliver (or is not deemed to have delivered) a PIK Election Notice in accordance with the immediately preceding sentence, the interest on the Loans will be payable on the related Interest Payment Date entirely in cash.
Thank you in advance for your prompt attention to this PIK Election Notice.
Election Notice pertaining to interest due and payable on any Interest Payment Date may not be given if a PIK Election Notice pertaining to interest due and payable on that Interest Payment Date has been given and not timely revoked.
Nearer the camera are util.c, getopt.c and getopt.h. Together, these five file contain most of the argument parsing and file access functions.On the right side are crypt.h, crypt.h, lzw.h, lzw.c, revision.h and tailor.h. All of these are very small files, which perform very little work in the program.