Restructuring Closing. Notwithstanding anything contained in this Agreement to the contrary, none of the provisions of Section 1.2 shall be operative or have any effect until the times specified in Section 1.2, at which times all the provisions of Section 1.2 of this Agreement shall be effective and operative in accordance with Article II, without further action by any Party hereto. The closing of the transactions contemplated hereby (the “Restructuring Closing”) shall occur immediately prior to (and subject to the occurrence of) consummation of the IPO.
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Sources: Restructuring Agreement (Jones Energy, Inc.), Restructuring Agreement (Jones Energy, Inc.)