Common use of Transaction Proceeds Clause in Contracts

Transaction Proceeds. The aggregate amount to be issued and paid by the Partnership to Operations shall be the Transaction Proceeds. At the Closing, the Partnership shall deliver the Transaction Proceeds as follows: (a) A wire transfer of the Cash Amount in immediately available funds paid to Operations or its designee(s); and (b) The issuance to Operations of a number of Common Units equal to the Common Unit Quantity.