Incremental Equivalent Term Debt means secured or unsecured Indebtedness of the Borrower in the form of term loans or notes; provided that:
Incremental Equivalent Term Debt has the meaning assigned to such term in the Term Loan Credit Agreement.
Incremental Equivalent Term Debt means the “Incremental Equivalent Term Debt” as defined in the Term Loan Credit Agreement.
Examples of Incremental Equivalent Term Debt in a sentence
Incremental Equivalent Term Debt will include any Registered Equivalent Notes issued in exchange therefor.
For the avoidance of doubt, any Permitted Refinancing Indebtedness incurred to refinance any Obligations, Incremental Equivalent Term Debt or Credit Agreement Refinancing Indebtedness will be required to satisfy the requirements of the definition of “Incremental Equivalent Term Debt” or “Credit Agreement Refinancing Indebtedness”, as applicable.
More Definitions of Incremental Equivalent Term Debt
Incremental Equivalent Term Debt means Indebtedness in an amount not to exceed the then Available Incremental Amount consisting of the issuance of senior secured or junior lien notes, subordinated notes or senior unsecured notes, in each case issued in a public offering, Rule 144A or other private placement or bridge facility in lieu of the foregoing, or secured or unsecured “mezzanine” debt, in each case on customary terms and conditions; provided that (a) such Incremental Equivalent Term Debt shall not be subject to the requirement set forth in clause (h) or the proviso of clause (k) of the second paragraph in this “Incremental Facilities” section, (b) the maturity date of such Incremental Equivalent Term Debt shall be no earlier than the maturity date of the Term Facilities and (c) the weighted average life to maturity of such Incremental Equivalent Term Debt shall be no shorter than the remaining average life to maturity of the Term Facilities.
Incremental Equivalent Term Debt means Indebtedness issued in accordance with Section 2.15 consisting of one or more series of junior lien term loans or notes, subordinated notes or senior unsecured notes, and, in the case of any issuance of notes, issued in a public offering, Rule 144A or other private placement transaction, a bridge facility in lieu of the foregoing, or junior lien or subordinated loans, secured or unsecured mezzanine Indebtedness or debt securities, in each case subject to the terms set forth in Section 2.15 and, if secured, shall be secured on a junior lien basis to the Revolving Facility and shall be subject to customary intercreditor arrangements reasonably satisfactory to the Administrative Agent.
Incremental Equivalent Term Debt means Indebtedness of the Borrower consisting of senior secured first lien loans or notes or junior lien loans or notes, subordinated loans or notes or senior unsecured term loans or notes, or any Customary Bridge Loans and Guarantees thereof by any Loan Party; provided that:
Incremental Equivalent Term Debt means secured or unsecured Indebtedness of the Borrower in the form of term loans or notes;
Incremental Equivalent Term Debt means Indebtedness consisting of senior secured first lien or junior lien notes, junior lien term loans, subordinated notes or senior unsecured notes, in each case, issued in a public offering, Rule 144A or other private placement, a bridge facility in lieu of the foregoing or secured or unsecured “mezzanine” or high yield debt, in each case, subject to the terms set forth in Section 2.19(f).
Incremental Equivalent Term Debt has the meaning assigned to such term in the Term Loan Credit Agreement. “Incremental Facility” has the meaning assigned to such term in Section 2.21(1).
Incremental Equivalent Term Debt. (each as defined in the Term Loan Facility or any equivalent term under any Term Loan Facility) in an aggregate principal amount that does not exceed (x) $810,000,000 plus (y) the aggregate principal amount of such “Incremental Facility” and “Incremental Equivalent Term Debt” not in excess of the “Available Incremental Term Loan Facility Amount” (as defined in the Term Loan Facility as in effect on the Amendment No. 4 Effective Date) and (B) any Permitted Refinancing Indebtedness incurred to Refinance any Indebtedness originally incurred pursuant to this clause (b) (and any successive Permitted Refinancing Indebtedness in respect thereof);