Permitted Incremental Equivalent Indebtedness definition
Permitted Incremental Equivalent Indebtedness means Indebtedness permitted under Section 6.1(j).
Permitted Incremental Equivalent Indebtedness as each such term is defined in the Term Credit Agreement as in effect on the date hereof), provided, in the case of this clause (C), that the aggregate principal amount of such Indebtedness incurred on any date shall not exceed the Incremental Term Amount as of such date, (ii) any Refinancing Indebtedness in respect of any Indebtedness permitted under clause (i) above or under this clause (ii) and (iii) the Guarantees of any Indebtedness permitted under clause (i) or (ii) above by any Credit Party; provided further that (I) such Indebtedness is not Guaranteed by any Person other than the Credit Parties, (II) such Indebtedness is not secured by any assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (III) if such Indebtedness is secured, the administrative agent, collateral agent and/or any similar representative acting on behalf of the holders of such Indebtedness shall have become party to the ABL Intercreditor Agreement, providing that the Liens on the ABL Priority Collateral securing such Indebtedness shall rank junior in priority to the Liens on the ABL Priority Collateral created under the Credit Documents, (IV) such Indebtedness satisfies the Specified Permitted Indebtedness Documentation Requirements and (V) other than in the case of Indebtedness incurred under the Term Credit Agreement on the Closing Date, the Administrative Agent shall have received a certificate, dated the date such Indebtedness is incurred and signed by an Authorized Officer of the Borrower, confirming compliance with the requirements set forth in this clause and, if such Indebtedness or any portion thereof is being incurred in reliance on clause (c) of the definition of the term “Incremental Term Amount”, setting forth a reasonably detailed calculation of the Incremental Term Amount under such clause; (m)
Permitted Incremental Equivalent Indebtedness. (or any comparable successor provision) in the First Lien Credit Agreement.