Definition of C Facility


C Facility means the term loan facility to be made available to the Company pursuant to Clause 2.1(i) (The Facilities).

Examples of C Facility in a sentence

Upon the occurrence of the Effective Date, the Mirant Notes, the Mirant C Facility, the Mirant 364-Day Revolver, the Mirant 4-Year Revolver, the MAG Revolvers, the Subordinated Notes and the MAG Short-term Notes shall be cancelled and annulled.
The Facility Agents and their agents, successors and assigns shall facilitate the making of Plan Distributions to the holders of the MAG Revolver Claims, Mirant C Facility Claims, Mirant 364-Day Revolver Claims and Mirant 4-Year Revolver Claims, as applicable, and upon the completion thereof, shall be discharged of all their respective obligations associated with the MAG Revolver Claims, Mirant C Facility Claims, Mirant 364-Day Revolver Claims and Mirant 4-Year Revolver Claims.
The rights of holders of MAG Revolver Claims, Mirant C Facility Claims, Mirant 364-Day Revolver Claims and Mirant 4-Year Revolver Claims shall continue in effect for the sole purpose of allowing and requiring the Facility Agents to make Plan Distributions to be made on account of such Claims.
Any actions taken by the Facility Agents with respect to the MAG Revolver Claims, Mirant C Facility Claims, Mirant 364-Day Revolver Claims and Mirant 4-Year Revolver Claims that are not for the purposes authorized herein shall be null and void.
All distributions to the Facility Agents on behalf of the holders of Mirant C Facility Claims, Mirant 364-Day Revolver Claims and Mirant 4-Year Revolver Claims shall be applied by the Facility Agents as provided by the applicable agreement.