PIK Note definition

PIK Note means a junior subordinated promissory note of the Company that is substantially identical to this Note except for the stated principal amount thereof.

PIK Note means a promissory note of the Borrower, in substantially the form of Exhibit K, payable to the order of a Lender in a principal amount equal to such Lender’s pro rata share of the aggregate amount of interest, fees or other obligations capitalized hereunder.

PIK Note means the convertible note that may be issued to the Purchaser pursuant to Section 2.1 below, the form of which is attached hereto as Exhibit B.

Examples of PIK Note in a sentence

• Any certificated PIK Notes will be issued with the description “PIK” on the face of such PIK Note.

• Concurrently, Edmentum Holdings fully repaid the $9.3 million Unsecured Senior PIK Note and the $45.3 million Unsecured Junior PIK Note, and Edmentum, Inc.

• Any certificated PIK Notes will be issued with the description PIK on the face of such PIK Note.

• Each PIK Note bears interest at 10.00% per annum from 2 May 2013 or from the most recent date to which interest has been paid or provided for, payable quarterly on 1 August, 1 November, 1 February and 1 May of each year, commencing 1 August 2013.

• Notwithstanding the foregoing, no such notice of redemption will be given (a) earlier than 90 days prior to the earliest date on which the Payor (as defined in paragraph 8 on the reverse side of any PIK Note) would be obliged to make such payment of Additional Amounts and (b) unless at the time such notice is given, such obligation to pay such Additional Amounts remains in effect.

More Definitions of PIK Note

PIK Note has the meaning given to such term in the introductory paragraph of this Security.

PIK Note has the meaning set forth in Section 4.7.

PIK Note as defined in Section 2.7(d).

PIK Note means that certain Floating Rate Exchangeable PIK Note Due 2009 dated December 15, 1997 in the original principal amount of $30,000,000, issued by Holdings to DLJ, a true, correct and complete copy of which has been delivered to Xxxxxx.

PIK Note is defined in Section 2(c).

PIK Note is defined in Exhibit A.

PIK Note means the second lien loan agreement (outstanding approximately USD 75,000,000) maturing on 14 January 2020 and with Wilmington Savings Fund Society, FSB as agent.