Alkali Preferred Units means (a) the redeemable preferred units issued by Genesis Alkali Holdings Company, LLC to GSO Capital Partners LP, a Delaware limited partnership, for up to $350,000,000 of proceeds pursuant to the unit purchase agreement dated as of and as in effect on the Ninth Amendment Effective Date or (b) other redeemable preferred units issued by Genesis Alkali Holdings, LLC on terms no less favorable to it than the terms of the preferred units described in clause (a) to the extent that the net proceeds thereof (i) do not exceed the amount necessary to fully redeem the preferred units described in clause (a) (plus all accrued and unpaid distributions on such preferred units and the amount of all premiums, fees and expenses incurred in connection therewith) and (ii) are used to fully redeem the preferred units described in clause (a).

Alkali Preferred Units means (a) the redeemable preferred units issued by Genesis Alkali Holdings Company, LLC to GSO Capital Partners LP, a Delaware limited partnership, for up to $351,750,000 of proceeds pursuant to the unit purchase agreement dated as of September 23, 2019, as amended on April 1413, 2020, and as in effect on such date, or (b) other redeemable preferred units issued by Genesis Alkali Holdings, LLC on terms no less favorable to it than the terms of the preferred units described in clause (a) to the extent that the net proceeds thereof (i) do not exceed the amount necessary to fully redeem the |US-DOCS\127003600.2131522459.11||

Alkali Preferred Units means (a) the redeemable preferred units issued by Genesis Alkali Holdings Company, LLC to GSO Capital Partners LP, a Delaware limited partnership, for up to $351,750,000 of proceeds pursuant to the unit purchase agreement dated as of September 23, 2019, as amended on April 14, 2020, and as in effect on such date, or (b) other redeemable preferred units issued by Genesis Alkali Holdings, LLC on terms no less favorable to it than the terms of the preferred units described in clause (a) to the extent that the net proceeds thereof (i) do not exceed the amount necessary to fully redeem the preferred units described in clause (a) (plus all accrued and unpaid distributions on such preferred units and the amount of all premiums, fees and expenses incurred in connection therewith) and (ii) are used to fully redeem the preferred units described in clause (a).

Examples of Alkali Preferred Units in a sentence

It will not permit any member of the Alkali Group to (a) create, incur, assume or permit to exist any Indebtedness for borrowed money or Disqualified Equity (other than the Alkali Preferred Units) prior to such date that all members of the Alkali Group constitute Restricted Subsidiaries or (b) remain an Unrestricted Subsidiary after the redemption of all Alkali Preferred Units.
The latter specifies premises by the valuations of sentences in truth values, and provides an inference procedure which is considered to lead to certain conclusion on the base of given premises.
The parties hereto hereby agree that the Net Cash Proceeds of the ORRI Conveyance shall be applied: (i) first, to redeem in full the Alkali Preferred Units (as defined in Exhibit A |US-DOCS\131482878.6|| attached hereto) and (ii) second, to prepay any outstanding Revolving Loans; provided that there shall be no reduction in the Committed Revolving Amount as a result of such prepayment.

More Definitions of Alkali Preferred Units

Alkali Preferred Units means (a) the redeemable preferred units issued by Genesis Alkali Holdings Company, LLC to GSO Capital

Related to Alkali Preferred Units

Series C Preferred Units shall have the meaning provided in Section 1.
Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).
Preferred Units means the Series A Preferred Units and the Series B Preferred Units.
Series B Preferred Units shall have the meaning provided in Section 1.
Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.
Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.
Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.
Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).
Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.
Parity Preferred Units shall have the meaning provided in Section 4.
Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.
Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.
Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.
Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.
Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.
Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.
Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.
Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.
Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.
Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.
Common Units is defined in the Partnership Agreement.
Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.
Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.
Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.
Partnership Units or “Units” has the meaning provided in the Partnership Agreement.
Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

Alkali Preferred Units definition

Filter & Search

Related Definitions

Related to Alkali Preferred Units