Elective Redemption. Upon a Change of Control, each holder of Senior Preferred Units shall have the right to cause the Company to redeem all (but not less than all) of such holder's Senior Preferred Units for cash in the amount of the Senior Preferred Redemption Value of such Units.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (American Commercial Lines LLC), Limited Liability Company Agreement (Acl Capital Corp)