PIK Interest Payment Date definition

PIK Interest Payment Date means September 30 of each year, beginning on September 30, 2016.
PIK Interest Payment Date has the meaning provided in Section 2.3.
PIK Interest Payment Date means, if the QIPO Effective Date shall not have occurred on or prior to the PIK Interest Commencement Date, each Interest Payment Date falling after the PIK Interest Commencement Date up to and including the Interest Payment Date falling on or immediately following the QIPO Effective Date.

Examples of PIK Interest Payment Date in a sentence

  • The PIK Interest shall be payable annually in arrears on each PIK Interest Payment Date by issuing to the Holder new notes of the same type in certificated form in an aggregate principal amount equal to the amount of the PIK Interest for the applicable interest period (such new notes, the “PIK Notes”).

  • If an Interest Payment Date, PIK Interest Payment Date, payment date for principal or other payment date falls on a day other than a Business Day, such payment shall be made on the next Business Day after such day.

  • The Issuer shall notify Bondholders in accordance with Condition 16 and the Trustee by not later than five London business days prior to each PIK Interest Payment Date of the aggregate principal amount of Additional Bonds to be issued on such PIK Interest Payment Date and of the aggregate principal amount of Bonds, as increased by such Additional Bonds.

  • Additional Bonds will have the same terms and conditions in all respects as the Initial Bonds except that interest on Additional Bonds will accrue from (and including) the PIK Interest Payment Date on which the relevant Additional Bonds are issued rather than from the Closing Date.

  • Where the Bonds are not represented by the Global Bond, any Additional Bonds to be issued to a holder will be delivered to such holder upon presentation by such Bondholder of the Bonds held by it on the relevant PIK Interest Payment Date at the specified office of any Paying and Conversion Agent at any time on or after the relevant PIK Interest Payment Date, provided that such date of presentation is a business day in the place of the specified office of the relevant Paying and Conversion Agent.


More Definitions of PIK Interest Payment Date

PIK Interest Payment Date means the date which falls on each anniversary of the Issue Date.
PIK Interest Payment Date means (a) the last Business Day of each March, June, September and December to occur during any PIK Interest Accrual Period (or, at the option of Borrower, on the last Business Day of any Interest Period then applicable to Term Loans that occurs prior to any such applicable last Business Day) and (b) the Term Loan Maturity Date
PIK Interest Payment Date means each Interest Payment Date occurring on or after the Sixth Amendment Date.
PIK Interest Payment Date means each Annual PIK Interest Payment Date, Semi-Annual PIK and Cash Interest Payment Date and Semi-Annual PIK and Reduced Cash Interest Payment Date, as applicable.”
PIK Interest Payment Date shall have the meaning set forth in Section 3.1.
PIK Interest Payment Date shall have the meaning specified in Section 3(c)(ii). “Prepayment Premium” means an amount equal to (A)(x) at all times other than in connection with a Change of Control prior to the seventh (7th) anniversary of the Issue Date, 5% or (y) solely with respect to any redemption of this Note pursuant to Section 4(c) and 5(b) in connection with a Change of Control prior to the seventh (7th) anniversary of the Issue Date, the Change of Control Redemption Premium, in each case, times (B) the amount of this Note being redeemed on such date.
PIK Interest Payment Date set forth in Section 14 of the Loan Agreement is hereby amended and restated it in its entirety to read as follows: