Tranche C Facility definition
Examples of Tranche C Facility in a sentence
For the avoidance of doubt, the Tranche C Facility shall be the primary resource for the Company and its subsidiaries to use to satisfy any Transco Capital Call in respect of costs for the Expansion Project, and no Member shall be obligated to make any Capital Contribution in respect thereof unless sufficient funds are not available under the Tranche C Facility to satisfy such Transco Capital Call.
The Company shall contribute to its appropriate subsidiaries, and shall cause such subsidiaries to contribute to Xxxxx Pipeline, the amount thereof so that Xxxxx Pipeline may use such amount to fund its proportionate share of such Transco Capital Call (together with the proceeds from the Tranche C Facility received in respect of such Capital Call).