New Mirant definition

New Mirant means the legal entity to be formed pursuant to the Plan to serve as the ultimate parent of (a) the Debtors (excluding Mirant and the Trading Debtors), and (b) the other direct and indirect subsidiaries of Mirant that are not Debtors in the Chapter 11 Cases.
New Mirant has the meaning set forth in the first paragraph.
New Mirant. Mirant Corporation (formerly known as Newco 2005 Corporation), a Delaware corporation.

Examples of New Mirant in a sentence

  • If no request is made as provided in the preceding sentence within ninety (90) days of the Effective Date, all such Plan Distributions shall revert to New Mirant.

  • New Mirant Secured Credit Agreement On the Effective Date, Mirant would be authorized and directed to execute and deliver the New Mirant Secured Credit Agreement to govern the New Mirant Secured Credit Facility.

  • All property in respect of such forfeited Claims shall revert to New Mirant.

  • Neither New Mirant, its Affiliates nor the Debtors shall be responsible for any pre-Effective Date obligations of the Debtors or the Debtors-in-Possession, except those expressly assumed by New Mirant, its Affiliates or any such Debtor, as applicable.

  • New Mirant shall notify Pepco within two (2) business days after the Effective Date of the number of shares to be distributed as part of the Second Distribution, with the number of shares to be determined by New Mirant so as to be reasonably likely to minimize any Shortfall Payment (as hereinafter defined) or Excess Payment (as hereinafter defined) when liquidated and combined with the proceeds from the liquidation of the First Distribution.

  • The issuance of the New Mirant 7.5% Senior Secured Notes would be authorized without the need for any further corporate action.

  • The Plan shall be binding upon New Mirant and its Affiliates, the Debtors, the holders of all Claims and Equity Interests, parties in interest, Persons and Entities and their respective successors and assigns.

  • Upon the occurrence of the Effective Date, New Mirant shall be appointed to serve as the Disbursing Agent, and shall have all powers, rights, duties and protections afforded the Disbursing Agent under the Plan.

  • As soon as available, but in any event within sixty (60) days after the end of each fiscal year of Holdings, (i) an annual budget of Holdings and its Subsidiaries on a Consolidated basis and (ii) projected Consolidated balance sheets and statements of income or operations of Holdings and its Subsidiaries on a monthly basis for the immediately following fiscal year, prepared by management of Holdings, in form reasonably satisfactory to the Administrative Agent and the Required Lenders, of.

  • New Mirant shall reserve sufficient shares of New Mirant Common Stock for issuance under the New Mirant Employee Stock Programs in order that such shares shall represent 5% of the New Mirant Common Stock.


More Definitions of New Mirant

New Mirant has the meaning set forth in the Plan of Reorganization.

Related to New Mirant

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