Common use of Initial Offering Clause in Contracts

Initial Offering. (a) On the Closing Date and pursuant to the Underwriting Agreement, each Underwriter shall pay cash to the Partnership in exchange for the issuance and sale by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement. (b) Upon the exercise, if any, of the Underwriters’ Option, each Underwriter shall pay cash to the Partnership in exchange for the issuance and sale by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement. (c) No Limited Partner will be required to make any additional Capital Contributions to the Partnership pursuant to this Agreement.