Alternative Cash Redemption definition
Alternative Cash Redemption means any of the following: (i) the redemption of certain shares of Unimin Capital Stock in exchange for a note or other evidence of indebtedness; (ii) the repayment, satisfaction, or other discharge of a note or other evidence of indebtedness issued in the redemption described in the immediately-preceding clause (i); or (iii) the repayment, satisfaction, or other discharge of a note or other evidence of indebtedness issued in exchange for cash used to fund or otherwise effect the Cash Redemption.
Examples of Alternative Cash Redemption in a sentence
Sibelco shall be responsible for, and shall indemnify and hold harmless Unimin and its Affiliates and each of their respective officers, directors and employees from and against, any U.S. withholding taxes (including any FIRPTA Taxes) imposed in respect of, or as a result of, the Cash Redemption, any Alternative Cash Redemption, or a combination thereof, with such indemnity being payable within two Business Days after such payment.