CTS Disposition

CTS Disposition. Means a disposition to third parties of (a) the refinery turnaround and construction services business (including FCC turnaround and revamps, process plant turnarounds and revamps and refractory installation) conducted by the Borrower and the Subsidiaries, whether by means of the sale of assets constituting such business or, subject to the prior or substantially concurrent completion of the Tank Business Reorganization, by means of sale of Equity Interests in CTS or any other Subsidiary of the... Borrower, and (b) the Catoosa Assets, whether by means of the sale of such assets or by means of the sale of Equity Interests in Catoosa. View More