“Incremental Equivalent Debt” means Incremental Equivalent First Lien Debt, Incremental Equivalent Junior Lien Debt and/or Incremental Equivalent Unsecured Debt.

in the case of any Permitted Refinancing in respect of any Incremental Equivalent Debt, such Permitted Refinancing shall be subject to the terms of [clause (c)] of the definition of “Incremental Equivalent Debt” as if such Permitted Refinancing were also Incremental Equivalent Debt.

if such Incremental Equivalent Debt is in the form of term loans and is Pari Passu Lien Debt, then the provisions of Section 2.16(h) shall apply as if such Incremental Equivalent Debt was Incremental Term Loans.

Incremental Equivalent Debt and any Permitted Refinancing Indebtedness in respect thereof; provided that it shall be a condition precedent to the effectiveness of any Incremental Equivalent Debt that # after giving effect thereto, the Incremental Amount does not exceed the Incremental Cap, and # no Default or Event of Default shall have occurred and be continuing immediately prior to or immediately after giving effect to such Incremental Equivalent Debt;

with respect to any Incremental Facility or Incremental Equivalent Debt to be incurred as Junior Lien Debt, either:

“MFN Adjustment Excluded Indebtedness” means # Incremental Term Loans or Incremental Equivalent Debt that are customary bridge loans and/or term A loans, and # solely with respect to 2021 Incremental Term Loans, Incremental Term Loans or Incremental Equivalent Debt that are incurred in connection with a Permitted Acquisition or other permitted Investment.

Indebtedness constituting Incremental Equivalent Debt.

“Incremental Maturity Carveout Amount” means up to the greater of # $225,000,000 and # 50% of Consolidated EBITDA for the Test Period then last ended of Incremental Term Loans and/or Incremental Equivalent Debt (less the aggregate principal amount of Second Lien Incremental Facilities and Second Lien Incremental Equivalent Debt that is designated under the definition of “Incremental Maturity Carveout Amount” as defined in the Second Lien Credit Agreement).

“Incremental Equivalent Unsecured Debt” has the meaning set forth in [Section 7.03(w)].

the aggregate principal amount of all Incremental Equivalent Debt on any date such Indebtedness is incurred shall not, together with any Incremental Revolving Facilities and/or Incremental Term Facilities then outstanding, exceed the Incremental Amount;