CSL Energy definition
Examples of CSL Energy in a sentence
To the extent not exercised by the Company, the Company shall assign the right to purchase the Called Interest pursuant to this Section 6.7 to CSL Energy at any time and from time to time without notice to the other Members.
In such case, the Company and CSL Energy may consummate the sale of A-1 Additional Units in the required timeframe so long as, within sixty (60) days after the completion of the offering, the Company and CSL Energy make the same investment opportunity available to all Purchase Option Purchasers that were not offered the opportunity in connection with the closing of the initial offering.
From the date of this Agreement through September 16, 2018, the Company shall sell to CSL Energy, in one or more transactions at the sole option and direction of CSL Energy, up to [·](1) additional Class A-1 Units at a per Unit purchase price equal to $1.00 (the “A-1 Additional Units”), at any time.
By: CSL Energy Opportunity ▇▇ ▇▇, LLC, its managing member By: Name: ▇▇▇▇▇▇▇ ▇.
By: CSL Energy Opportunity GP 1, LLC, its general partner By: Name: ▇▇▇▇▇▇▇ ▇.
In the event that CSL Energy purchases A-1 Additional Units, each Purchase Option Purchaser shall have the right to purchase a number of Class A-1 Units equal to the A-1 Participation Units” for such Member.
The sale and issuance of the A-1 Additional Units to CSL Energy pursuant to this Section 4.5, in the sole and absolute discretion of CSL Energy, is hereby approved by the Members and Managers in all respects.
The Company will reimburse CSL Energy for reasonable direct costs and expenses (such as travel) incurred by CSL Energy on behalf of and for the benefit of the Company, including such costs and expenses associated with monitoring the performance of the Company and any costs and expenses associated with the secondment to the Company or its Subsidiaries of any employees of CSL Energy.
All A-1 Additional Units together with the A-1 Participation Units are referred to as the “Additional Units.” From the date of this Agreement through May 17, 2020, CSL Energy shall be entitled to assign the right to purchase up to 8,000,000 A-1 Additional Units pursuant to this Section 4.5 to one or more limited partners of CSL Energy or their Affiliates.
To the extent any Purchase Option Purchaser does not elect or fails to purchase its Purchase Option Percentage, CSL Energy shall be permitted to purchase the additional A-1 Participation Units.