Common use of Purchase of Additional Common Units Clause in Contracts

Purchase of Additional Common Units. If the remaining portion of the Over-Allotment Option is exercised in whole or in part, (i) the Underwriters will contribute additional cash to the Partnership in exchange for up to an additional 407,500 Option Units on the basis of the initial public offering price per Common Unit set forth in the Registration Statement less the amount of underwriting discounts and applicable Structuring Fee and (ii) the Partnership will pay TO the additional cash received from the Underwriters pursuant to the exercise of the remaining portion of the Over-Allotment Option in order to reimburse Tallgrass Development for a portion of the capital expenditures made by Tallgrass Development to purchase TIGT and TMID.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement

Purchase of Additional Common Units. If the remaining portion of the Over-Allotment Option is exercised in whole or in part, , (i) the Underwriters will contribute additional cash to the Partnership in exchange for up to an additional 407,500 Option Units on the basis of the initial public offering price per Common Unit set forth in the Registration Statement less the amount of underwriting discounts and applicable Structuring Fee and (ii) the Partnership will pay TO the additional cash received from the Underwriters pursuant to the exercise of the remaining portion of the Over-Allotment Option in order to reimburse Tallgrass Development for a portion of the capital expenditures made by Tallgrass Development to purchase TIGT and TMID.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Tallgrass Energy Partners, LP)

Purchase of Additional Common Units. If the remaining portion of the Over-Allotment Option is exercised in whole or in part, , (i) the Underwriters will contribute additional cash to the Partnership in exchange for up to an additional 407,500 Option Common Units on the basis of the initial public offering price per Common Unit set forth in the Registration Statement less the amount of underwriting discounts and applicable Structuring Fee and (ii) the Partnership will pay TO the additional cash received from the Underwriters pursuant to the exercise of the remaining portion of the Over-Allotment Option in order to reimburse Tallgrass Development for a portion of the capital expenditures made by Tallgrass Development to purchase TIGT and TMID.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Tallgrass Energy Partners, LP)