PIK Notes definition

PIK Notes means additional Notes issued under this Indenture on the same terms and conditions as the Notes issued on the Issue Date in connection with a PIK Payment. For purposes of this Indenture, all references to “PIK Notes” shall include the Related PIK Notes.

PIK Notes shall have the meaning specified in Section 2.03(d)(ii).

PIK Notes has the meaning set forth in Section 2.07.

Examples of PIK Notes in a sentence

• Consists of 125,301,032 ADSs registered for resale by certain selling security holders pursuant to the prospectus supplement dated April 21, 2023, which are issuable upon conversion of certain 9.25% Convertible Senior PIK Notes due 2028 issued by the Registrant to such selling security holders.

• Consists of 41,536,253 ADSs registered for resale by the selling security holders pursuant to the prospectus supplement dated March 21, 2024, which are issuable upon conversion of certain 9.25% Convertible Senior PIK Notes due 2028 issued by the Registrant to such selling security holders.

• This Note is one of a duly authorized issue of notes of Oatly Group AB, a public limited liability company established under the laws of Sweden (the “Company”), designated as its 9.25% Convertible Senior PIK Notes due 2028 (the “Notes”), all issued or to be issued pursuant to the terms and conditions of the notes, dated as of March 14, 2023 (as the same may be amended from time to time, the “Terms and Conditions”).

• The Notes shall be designated as the “9.25% Convertible Senior PIK Notes due 2028” and shall bear interest at the rate of 9.25% per annum.

• To request a copy of the Indenture, which the Company will provide to any Holder at no charge, please send a written request to the following address: Oatly Group AB Ångfärjekajen 8, 211 19 Malmö, Sweden SCHEDULE A to EXHIBIT A SCHEDULE OF EXCHANGES OF NOTES OATLY GROUP AB 9.25% Convertible Senior PIK Notes due 2028 The initial principal amount of this Global Note is [__] DOLLARS (US$[__]).

More Definitions of PIK Notes

PIK Notes means additional Notes issued under this Indenture on the same terms and conditions as the Notes issued on the Closing Date in connection with the payment of PIK Interest.

PIK Notes mean additional Notes issued under this Indenture on the same terms and conditions as the Notes issued on the Issue Date in connection with a PIK Payment. For purposes of this Indenture, all references to “PIK Notes” shall include the Related PIK Notes.

PIK Notes means the $20 million 14.75% Senior Subordinated PIK Notes due July 1, 2015, issued by TOUSA and guaranteed by certain subsidiaries of TOUSA, pursuant to the indenture dated July 31, 2007.

PIK Notes has the meaning specified in Section 2.08. “PIK Option” has the meaning specified in Section 2.06.

PIK Notes means any Notes issued pursuant to a PIK Payment.

PIK Notes means Additional Notes issued under this Indenture in connection with a PIK Payment, with the same terms as the Initial Notes, except that interest on any PIK Notes shall accrue from their date of issuance.

PIK Notes has the meaning set forth in Exhibit A hereto.