CILP Partners definition
CILP Partners. Pre-Emptive Rights. The CILP Limited Partners shall have the first right and option to purchase pro rata according to their Respective Interest Shares, any and all debt or equity interests or instruments which may be issued by CILP or CIC (each an "Issuing Entity"). For purposes of this Section 8.1, the Lenders shall be considered CILP Limited Partners to the extent of the Treasury Interests. The Respective Interest Shares to be applied for purposes of this Section 8.1 shall be those in respect of the Equity Interest held by the CILP Limited Partners, as adjusted for the issuance of the Treasury Interests, in CILP.