SPP Units definition

SPP Units. The SPP limited partnership interests (each such interest being denominated in units) to be delivered on the Closing Date to each Initial Holder who so elects pursuant to Section 4.3(iii) of the Purchase Agreement, together with any additional SPP Units received by the Holders from time to time as the result of any unit split, unit dividend, recapitalization, combination or similar event.
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SPP Units means the Initial SPP Units and any Equity Interests constituting “proceeds” (within the meaning of such term under Section 9-102(64) of the UCC) thereof resulting from any unit split, reorganization, distribution or other similar entity event at SPP, including any Equity Interests constituting proceeds of any such proceeds.
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Examples of SPP Units in a sentence

  • Subject to the Company's right to suspend use of the Prospectus pursuant to Section 2(d) hereof, the Company will not take any action with respect to the Common Stock or the SPP Units which would prevent the Holders from offering and selling such Common Stock pursuant to the Shelf Registration Statement.

  • Each Initial Holder agrees not to sell, contract to sell, pledge or otherwise dispose of any of the Common Stock or SPP Units held by it for a period of 90 days from and after the Closing Date; provided, however, that this Section 9 shall not preclude those Initial Holders who own SPP Units from tendering such SPP Units for redemption or conversion into Common Stock during such 90-day period.

  • This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties hereto, including, without limitation, subsequent Holders of the Common Stock and SPP Units.

  • Each Initial Holder understands that the Common Stock or the SPP Units to be acquired by it on the Closing Date, as the case may be, have not been registered under the Securities Act or any applicable state securities or blue sky law.