PIK Period definition

PIK Period means the period beginning on the first Borrowing Date through and including the earlier to occur of (i) the sixteenth (16th) Payment Date after the first Borrowing Date and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and the sixteenth (16th) Payment Date after the first Borrowing Date).

PIK Period has the meaning set forth in Section 2.06(c)(i).

PIK Period means the period beginning on the First Borrowing Date through and including, the earlier to occur of (i) the nineteenth (19th) Payment Date after the First Borrowing Date (i.e., March 31, 2020), and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and the nineteenth (19th) Payment Date after the First Borrowing Date (i.e., March 31, 2020)).”

Examples of PIK Period in a sentence

• Notwithstanding the foregoing, the Purchaser Agent may, by written notice to Issuer, elect to terminate or suspend, or refuse to permit the extension of, the PIK Period for any Note upon the occurrence and during the continuance of a Default or Event of Default, in which case any PIK Interest for the applicable Interest Periods shall be payable in cash on the applicable Payment Date.

More Definitions of PIK Period

PIK Period shall have the meaning assigned to such term in Section 2.06(d).

PIK Period means the period beginning on the first Borrowing Date through and including the earlier to occur of (i) (A) if only one Borrowing shall be made, the twelfth (12th) Payment Date after the first Borrowing Date, and (B) if more than one Borrowing (other than PIK Borrowings) shall be made, the sixteenth (16th) Payment Date after the first Borrowing Date, and (ii) the date on which any Event of Default shall have occurred (provided that if such Event of Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Event of Default and (x) if only one Borrowing shall be made, the twelfth (12th) Payment Date after the first Borrowing Date), or (y) if more than one Borrowing (other than PIK Borrowings) shall be made, the sixteenth (16th) Payment Date after the first Borrowing Date.

PIK Period means the period beginning on the Closing Date and ending on the earlier to occur of (i) June 30, 2018 and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and June 30, 2018).

PIK Period means the period beginning on the First Borrowing Date through and including, the earlier to occur of (i) (A) if a Qualifying IPO does not occur by the twelfth (12th) Payment Date following the First Borrowing Date, the twelfth (12th) Payment Date after the First Borrowing Date or (B) if a Qualifying IPO does occur by the twelfth (12th) Payment Date following the First Borrowing Date, the sixteenth (16th) Payment Date after the First Borrowing Date, and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and either (A) if a Qualifying IPO does not occur by the twelfth (12th) Payment Date following the First Borrowing Date, the twelfth (12th) Payment Date after the First Borrowing Date or (B) if a Qualifying IPO does occur by the twelfth (12th) Payment Date following the First Borrowing Date, the sixteenth (16th) Payment Date after the First Borrowing Date).

PIK Period means the period beginning on the first Borrowing Date through and including the earlier to occur of (a) the sixteenth (16th) Payment Date after the first Borrowing Date (or if Borrower has achieved the Revenue Milestone, the twenty third (23rd) Payment Date after the first Borrowing Date) and (b) the date on which any Default or Event of Default shall have occurred (provided that if such Default or Event of Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default or Event of Default and the sixteenth (16th) Payment Date (or if Borrower has achieved the Revenue Milestone, the twenty third (23rd) Payment Date) after the first Borrowing Date.

PIK Period means the period beginning on the Closing Date and ending on the earlier to occur of (i) the sixteenth (16th) Payment Date after the Closing Date and (ii) the date on which any Event of Default shall have occurred (provided that if such Event of Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Event of Default and the sixteenth (16th)Payment Date after the Closing Date).

PIK Period. On or prior to January 1, 2011, interest on the Notes will be payable semi-annually, at the election of the Issuers, in cash, in the form of Payment-in-Kind Notes in an amount reflecting the applicable PIK Interest, or in combination of cash and Payment-In-Kind Notes reflecting the applicable PIK Interest. After January 1, 2011, all payments of interest must be in cash for the remainder of the term of the Notes. Reference is hereby made to the further provisions set forth on the reverse hereof. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. This Note shall not be valid or obligatory until it shall have been duly signed by the Trustee acting under the Indenture.