SPU Redemption definition
SPU Redemption means the purchase, redemption or other acquisition from time to time of all or a portion of the outstanding Senior Preference Units by Terra and its Subsidiaries (or any of them):
Examples of SPU Redemption in a sentence
Terra contemplates that, in addition to the Proposed Transaction, Holdco may from time to time purchase Senior Preference Units as part of the SPU Redemption or make loans to Terra or one or more Subsidiaries of Terra for such purpose.
Without limiting the foregoing, neither TNCLP nor TNLP shall convert to a corporate form except pursuant to the SPU Redemption.
Terra, the Company and TI may also indemnify the Investor, Holdco and PNC for environmental liabilities that may arise relating to the Port ▇▇▇▇ Facility and for securities law liabilities that may arise relating to the SPU Redemption.