Incremental Equivalent Junior Debt definition

Incremental Equivalent Junior Debt has the meaning set forth in Section 7.03(q).
Sample 1Sample 2Sample 3
Incremental Equivalent Junior Debt has the meaning specified therefor in clause (t) of the definition of “Permitted Indebtedness”.
Sample 1Sample 2Sample 3
Incremental Equivalent Junior Debt or is unsecured (“Incremental Equivalent Unsecured Debt”), subject to the Permitted Earlier Maturity Indebtedness Exception, such Indebtedness shall not be subject to scheduled amortization prior to maturity, (iii) in the case of Incremental Equivalent First Lien Debt, subject to the Permitted Earlier Maturity Indebtedness Exception, such Indebtedness shall have a maturity date that is after the Latest Maturity Date at the time such Indebtedness is incurred, and in the case of Incremental Equivalent Junior Debt and Incremental Equivalent Unsecured Debt, subject to the Permitted Earlier Maturity Indebtedness Exception, such Indebtedness shall have a maturity date that is at least ninety-one (91) days after the Latest Maturity Date at the time such Indebtedness is incurred, (iv) the aggregate outstanding principal amount of all Incremental Equivalent Debt incurred in accordance with this Section 7.03(q), together with the aggregate principal amount of all Incremental Commitments and Incremental Term Loans shall not exceed the Incremental Availability Amount, (v) the security agreements, if applicable, relating to such Indebtedness are substantially the same as, or more favorable to the Loan Parties than, the Collateral Documents (or with such other differences as are reasonably satisfactory to the Administrative Agent), (vi) such Indebtedness is not guaranteed by any Subsidiaries of the Parent other than the Loan Parties, (vii) if such Incremental Equivalent Debt is secured, the Other Debt Representative acting on behalf of the holders of such Indebtedness shall have become party to the Pari Passu Intercreditor Agreement, the Crossing Liens Intercreditor Agreement and/or the Junior Lien Intercreditor Agreement, as applicable, (viii) in the case of Incremental Equivalent First Lien Debt in the form of term loans secured on a pari passu basis with the Initial Term Loans, other than MFN Excluded Debt, such Indebtedness shall be subject to the MFN Protection as if such Indebtedness were an Incremental Term Loan and (ix) subject to clauses (ii), (iii) and (viii) above, the amortization, pricing, rate floors, discounts, fees, premiums and optional prepayment and redemptions provisions applicable to such Incremental Equivalent Debt shall be determined by the Borrower and the holders of such Incremental Equivalent Debt; 161
Sample 1

More Definitions of Incremental Equivalent Junior Debt

Incremental Equivalent Junior Debt means Incremental Equivalent Debt that is secured on a junior lien basis with the Obligations or is unsecured.
Sample 1
Incremental Equivalent Junior Debt means Incremental Equivalent Debt that is secured on a junior lien basis with the Obligations or is unsecured. “Incremental Facility” has the meaning set forth in Section 2.13(a). 172 KE 73718588.20 US-DOCS\142539518.2141222994.8 “Incremental Facility Closing Date” has the meaning set forth in Section 2.13(e). “Incremental First Lien Term Loans” means Incremental Term Loans that are secured on a pari passu basis with the Obligations. “Incremental Junior Term Loans” means Incremental Term Loans that are secured on a junior lien basis with the Obligations or are unsecured. “Incremental Lenders” has the meaning set forth in Section 2.13(d). “Incremental Loan Request” has the meaning set forth in Section 2.13(a). “Incremental Revolving Credit Commitments” has the meaning set forth in Section 2.13(a). “Incremental Revolving Credit Loan” has the meaning set forth in Section 2.13(c). “Incremental Term Commitments” has the meaning set forth in Section 2.13(a). “Incremental Term Loan” has the meaning set forth in Section 2.13(b). “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following: (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) the maximum amount (after giving effect to any prior drawings or reductions which may have been reimbursed) of all outstanding letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and similar instruments issued or created by or for the account of such Person; (c) net obligations of such Person under any Secured Interest Rate Hedge Agreement, it being understood that for purposes hereof the “net obligations” of a Person shall be the Swap Termination Value thereof; (d) all obligations of such Person to pay the deferred purchase price of property or services (other than (i) trade accounts and accrued expenses payable in the ordinary course of business and (ii) any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (iii) accruals for payroll and other liabilities accrued in the ordinary course); (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements and mortgage, i...
Sample 1

Related to Incremental Equivalent Junior Debt

  • Incremental Equivalent Debt means Indebtedness incurred by the Loan Parties in the form of senior secured or unsecured notes or loans or junior secured or unsecured notes or loans and/or commitments in respect of any of the foregoing issued, incurred or implemented in lieu of loans under an Incremental Facility; provided, that:

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in Dollars, the amount hereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by Agent at such time that such amount could be converted into Dollars by Agent according to prevailing exchange rates selected by Agent.

  • Additional Refinancing Amount means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Amount means, at any time, the excess, if any, of (a) $200.0 million over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.