PIK Payment definition
PIK Payment means an interest payment with respect to the Notes made by increasing the outstanding principal amount of the Notes or issuing PIK Notes.
PIK Payment has the meaning specified in Section 2.06.
PIK Payment means the payment of any PIK Interest on the Notes.
Examples of PIK Payment in a sentence
Notwithstanding the foregoing, the Borrower may not make a PIK Payment on any Interest Payment Date that is the Maturity Date or at any time that an Event of Default shall have occurred and be continuing.
For the avoidance of doubt, payments of interest shall not be considered past due to the extent the Borrower has made a PIK Payment in accordance with Section 2.05.
More Definitions of PIK Payment
PIK Payment shall have the meaning set forth in Section 2.03(b).
PIK Payment means an interest payment with respect to the Notes made by increasing the outstanding Principal Amount of the Notes or issuing PIK Notes, in each case by the amount of such payment.
PIK Payment means any payment of PIK Interest on any Interest Payment Date for the Interest Period ending on and including the day immediately preceding such Interest Payment Date.
PIK Payment means the Borrower’s payment of PIK Interest.
PIK Payment means any payment of PIK Interest on any Interest Payment Date for the interest period ended on such date.
PIK Payment means the payment of all or a portion of Accrued Dividends in PIK Shares.
PIK Payment means an interest payment made by increasing the outstanding principal amount of the Notes.