Second Lien Incremental Equivalent Debt means “Incremental Equivalent Debt” as defined in the Second Lien Credit Agreement.
Second Lien Incremental Equivalent Debt means indebtedness of the Borrower or any Restricted Subsidiary in an aggregate principal amount not to exceed (and which shall constitute usage of) the then-available Available Second Lien Incremental Amount, consisting of senior secured first lien notes and/or term loans or junior lien term loans or notes, subordinated term loans or notes or senior unsecured term loans or notes, or any bridge facility, in each case, issued or incurred in (x) a public offering, Rule 144A or other private placement or (y) a bridge facility or in a syndicated loan financing or otherwise in lieu of an Incremental Second Lien Facility, in each case, on terms and conditions that are customary as of the date of incurrence thereof; provided, that (a) such Second Lien Incremental Equivalent Debt (other than Qualifying