PIK Interest
PIK Interest. Means: with respect to any Debt, accrued interest on such Debt payable in kind which is added to the principal balance and due on the Maturity Date. For sake of clarity, no PIK Interest is or may be payable in cash until the Maturity Date.
Found in
Spy Inc. contract
PIK Interest. With respect to any Debt, accrued interest on such Debt to the extent such interest is not paid in cash but is added to the principal balance and due on the Maturity Date.
Found in
Spy Inc. contract
PIK Interest. With respect to the Outstanding Balance under this Note, accrued interest on such Outstanding Balance to the extent such interest is not paid in cash but is added to the principal balance and due on the Maturity Date.
Found in
True Drinks Holdings, Inc. contract
PIK Interest. The portion of the interest that accrues on the Principal of this Note as the PIK Interest Rate
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