Incremental Equivalent Cash Component Debt has the meaning specified in the first paragraph of Section 7.01.
Incremental Equivalent Cash Component Debt. (each as defined in the Second Lien Credit Agreement) incurred in reliance on the “Cash-Capped Incremental Facility” or the “Prepayment-Based Incremental Facility” (each as defined in the Second Lien Credit Agreement), (VIII) other Indebtedness that is secured by the Collateral on a first lien pari passu or senior basis with Liens securing the Obligations and (IX) any refinancing, replacement or extension of any of the foregoing (in each case of prepayments of a revolving facility or “Loans” as defined in the ABL Credit Agreement as in effect on the Closing Date, to the extent accompanied by a corresponding permanent commitment reduction), to the extent, in each case, not funded with the proceeds of long term Indebtedness (other than any (I) revolving indebtedness and intercompany loans or (II) without duplication, any (A) New Term Loans, New Incremental Notes or Incremental Equivalent Debt incurred in reliance on the Prepayment-Based Incremental Facility and (B) “New Term Loans”, “New Incremental Notes” or “Incremental Equivalent Debt” incurred in reliance on the “Prepayment-Based Incremental Facility” (each as defined in the Second Lien Credit Agreement)) (the “Prepayment-Based Incremental Facility”);
Incremental Equivalent Cash Component Debt has the meaning specified in the first paragraph of Section 7.01. “Incremental Equivalent Debt” has the meaning specified in the first paragraph of Section 7.01. “Incremental Equivalent Prepayment Component Debt” has the meaning specified in the first paragraph of Section 7.01. “Incremental Equivalent Ratio Component Debt” has the meaning specified in the first paragraph of Section 7.01. “Incur” means, with respect to any Indebtedness, Capital Stock or Lien, to issue, assume, guarantee, incur or otherwise become liable for such Indebtedness, Capital Stock or Lien, as applicable; provided that any Indebtedness, Capital Stock or Lien of a Person existing at the time such Person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary. “Incurrence-Based Amounts” has the meaning specified in Section 1.11(b). “Indebtedness” means, with respect to any Person, without duplication: (a) the principal of any indebtedness of such Person, whether or not contingent, (i) in respect of borrowed money, (ii) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in
More Definitions of Incremental Equivalent Cash Component Debt
Incremental Equivalent Cash Component Debt. (each as defined in the Second Lien Credit Agreement) under the Second Lien Credit Agreement, minus (IV) Incremental Equivalent Cash Component Debt, plus (y) an unlimited amount (the “Ratio-Based Incremental Facility”) so long as the Maximum Leverage Requirement is satisfied and (z) an amount equal to all voluntary prepayments, redemptions and repurchases and payments (including prepayments at a discount to par and open market purchases, with credit given for the actual amount of the cash payment, giving credit to the principal amount of the Indebtedness repurchased and all prepayments and permanent commitment reductions (including pursuant to Section 3.08 or any substantially similar provisions in the documentation governing any applicable Indebtedness)) made by the Borrower or any of its Restricted Subsidiaries in respect of (I) Initial Term Loans, (II) 2022 Incremental Term Loans, (III) 2023 Term Loans, (IV) New2024 Term Loans, (V) New RevolvingTerm Loans, (VI) New Revolving Loans, (VII) Refinanced First Lien Indebtedness (to the extent previously applied for the prepayment, redemption, repurchase, buyback or permanent commitment reduction, as applicable, of any Indebtedness specified in clauses (I), (II), (III), (IV) and, (V) and (VI) above and clause (IX) below), (VIIVIII) the “Loans” as defined in the ABL Credit Agreement as in effect on the Closing Date, (VIII) “New Term Loans”, “New Incremental Notes” or “Incremental Equivalent Cash Component Debt” (each as defined in the Second Lien Credit Agreement) incurred in reliance on the “Cash-Capped Incremental Facility” or the “Prepayment-Based Incremental Facility” (each as defined in the Second Lien Credit Agreement), (IX) other Indebtedness that is secured by the Collateral on a first lien pari passu or senior basis with Liens securing the Obligations and (X) any refinancing, replacement or extension of any of the foregoing (in each case of prepayments of a revolving facility or “Loans” as defined in the ABL Credit Agreement as in effect on the Closing Date, to the extent accompanied by a corresponding permanent commitment reduction), to the extent, in each case, not funded with the proceeds of long term Indebtedness (other than any (I) revolving indebtedness and intercompany loans or (II) without duplication, any (A) New Term Loans, New Incremental Notes or Incremental Equivalent Debt incurred in reliance on the Prepayment-Based Incremental Facility and (B) “New Term Loans”, “New Incremental Notes” or...