FLP Loan definition
FLP Loan means the loans made from Fording LP to the Trust pursuant to Section 5.1 of the Fording LP Agreement;
Examples of FLP Loan in a sentence
The purchase price payable by Enerplus for each Exchangeable Security to be purchased by Enerplus under the Exchange Right shall be: (a) an amount per Exchangeable Security equal to the Class B Unit Price on the last Business Day prior to the day of closing of the purchase and sale of such Exchangeable Securities under the Exchange Right; and (b) the assumption by Enerplus of any FLP Loan Indebtedness in respect of such Exchangeable Security.