Use of the IPO Proceeds Sample Clauses

Use of the IPO Proceeds. (a) The Company will use a portion of the IPO Proceeds to pay (i) underwriting discounts and commissions and structuring fees of $12,512,500 and (ii) other transaction expenses incurred in connection with the Offering of approximately $4,500,000. (b) The Company will contribute $23,739,244 of the IPO Proceeds to Seadrill Operating for further contribution to Seadrill Opco Sub to permit Seadrill Opco Sub to repay its obligations under the Seadrill Canada Payment Obligation and the SMU Payment Obligation. Seadrill Opco Sub will issue 100 of its units to Seadrill Operating in exchange for this contribution. (c) The Company will contribute $38,556,649 of the IPO Proceeds to Seadrill Capricorn Holdings to permit Seadrill Capricorn Holdings to repay its obligations under the Seadrill US Gulf Payment Obligation. Seadrill Capricorn Holdings will issue 1,000 of its units to the Company in exchange for this contribution. (d) The Company distributes the remaining $113,191,607 of the IPO Proceeds to Seadrill in partial consideration for the Company’s interest in each of Seadrill Operating and Seadrill Capricorn Holdings, as such companies are constituted following the contributions and sales by Seadrill and its affiliates at the Initial Effective Time as described above.
View SourceView Similar (5)
Use of the IPO Proceeds. (a) The Partnership will use a portion of the IPO Proceeds to pay (i) underwriting discounts and commissions and structuring fees of $10,560,375 and (ii) other transaction expenses incurred in connection with the Offering of approximately $7,500,000; (b) The Partnership will loan $39,400,000 of the IPO Proceeds to KNOT 17 in exchange for an intercompany payment obligation; (c) The Partnership will loan $13,400,000 of the IPO Proceeds to KNOT 18 in exchange for an intercompany payment obligation; (d) The Partnership will loan $14,700,000 of the IPO Proceeds to ▇▇▇▇▇▇▇ XII LP in exchange for an intercompany payment obligation; (e) The Partnership will contribute $14,700,0000 of the IPO Proceeds to KNOT UK, to be further contributed to KNOT Shuttle Tankers and KNOT 17, to repay a portion of its debt obligations related to the M/T ▇▇▇▇▇ ▇▇▇▇▇▇▇; (f) The Partnership will contribute $11,000,000 of the IPO Proceeds to KNOT UK, to be further contributed to KNOT Shuttle Tankers and KNOT 18, to repay a portion of its debt obligations related to the M/T Windsor ▇▇▇▇▇▇▇; and (g) The Partnership will contribute $33,700,000 of the IPO Proceeds to KNOT UK, to be further contributed to KNOT Shuttle Tankers and KNOT 12 and ▇▇▇▇▇▇▇ XII, pro rata, to be further contributed to ▇▇▇▇▇▇▇ XII LP, to repay a portion of the debt obligations related to the M/T Fortaleza ▇▇▇▇▇▇▇ and M/T Recife ▇▇▇▇▇▇▇.
View SourceView Similar (4)
Use of the IPO Proceeds. (a) The Partnership shall use $[ ] of the IPO Proceeds to pay underwriting discounts, structuring fees and estimated offering expenses. (b) The Partnership shall use $140,000,000 of the IPO Proceeds to make an intercompany loan to Höegh LNG, in exchange for the $140 Million Demand Note. (c) The Partnership shall retain $20,000,000 of the IPO Proceeds to be used for general partnership purposes. (d) The Partnership shall distribute the remaining $[ ] of the IPO Proceeds to Höegh LNG.
View SourceView Similar (4)
Use of the IPO Proceeds. (a) The Partnership will use a portion of the IPO Proceeds to (i) pay underwriting discounts and commissions and structuring fees of $[•], (ii) pay other transaction expenses incurred in connection with the Offering of approximately $[•] and (iii) make a payment to GasLog of approximately $[•]. (b) The Partnership will contribute $[•] of the IPO Proceeds to New Holdings, to be further contributed to GAS-five, to repay a portion of the debt obligations related to the GasLog Sydney.
View SourceView Similar (2)
Use of the IPO Proceeds. (a) The Partnership will use a portion of the IPO Proceeds, together with $124.38 million of borrowings under the term loan facility of the New Credit Facility, to: (a) pay underwriting discounts and commissions and structuring fees of $[●] million; (b) repay within 10 business days of the closing of the Offering approximately (i) $[●] of borrowings under the $90.0 million Credit Agricole Credit Facility, (ii) $[●] of borrowings under the $140.0 million ING Credit Facility and (iii) $[●] of borrowings under the $152.8 million DnB Credit Facility; and (c) make a payment to Costamare of approximately $[●] million, which Costamare will use to pay other fees and expenses, including a portion of the swap termination fee, in connection with the Offering.
View SourceView Similar (2)
Use of the IPO Proceeds. (a) The Partnership shall use a portion of the IPO Proceeds to pay (i) underwriting discounts and commissions and structuring fees of $ million and (ii) other transaction expenses incurred in connection with the Offering of approximately $ million. (b) The Partnership shall use $ million of the IPO Proceeds to make a loan to Exmar Netherlands BV in exchange for the Demand Note. (c) The Partnership shall use (i) $ million of the IPO Proceeds to repay debt outstanding under the Excelerate Credit Facility and (ii) $2.3 million of the IPO Proceeds to pay refinancing fees. (d) The Partnership shall retain $ million of the IPO Proceeds for general partnership purposes.
View Source
Use of the IPO Proceeds. The MLP shall use a portion of the IPO Proceeds to fund (a) underwriting discounts and commissions of approximately $[—] million, (b) other transaction expenses incurred in connection with the IPO of approximately $[—] million and (c) the Cash Payment.
View Source

Related to Use of the IPO Proceeds

  • Use of Loan Proceeds The Borrower shall use the credit extended under this Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4 hereof.

  • Use of Proceeds The Company will use the net proceeds received by it from the sale of the Securities in the manner specified in the Prospectus under “Use of Proceeds.”

  • Gross Proceeds The aggregate purchase price of all Shares sold for the account of the Company through all Offerings, without deduction for Sales Commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization and Offering Expenses. For the purpose of computing Gross Proceeds, the purchase price of any Share for which reduced Sales Commissions are paid to the Dealer Manager or a Soliciting Dealer (where net proceeds to the Company are not reduced) shall be deemed to be the full amount of the offering price per Share pursuant to the Prospectus for such Offering without reduction.

  • USE OF THE VEHICLE 15.1 The Customer agrees that, during the Rental Period, the Customer will not allow the Vehicle to be: (a) driven otherwise than in a prudent and cautious manner. A single Vehicle rollover is considered a breach of this condition. A single Vehicle rollover may include, but is not limited to, a vehicle that has rolled, tipped or fallen over and this has caused damage to the side and/or roof area of the Vehicle in circumstances within the control of the Customer. Customers who have purchased The Bundle (in conjunction with the Liability Reduction Option) or the maui Inclusive Pack will have the cost of damage resulting from an accidental single vehicle rollover covered, provided that the Customer has not otherwise breached this agreement in relation to the rollover; (b) driven by a person under the influence of alcohol or drugs or with a blood alcohol level in excess of that permitted by law; (c) left with the ignition key in the Vehicle while it is unoccupied; (d) submerged in water, brought into contact with salt water, used in a creek or river crossing, driven on a beach or through flooded areas; (e) used for any illegal purpose or in any race, rally or contest; (f) used to tow any vehicle or trailer; (g) used to carry passengers or property for hire or reward; (h) used to carry more persons than is permitted by any relevant authority or detailed in the Vehicle manual or on the Vehicle or specified in this Agreement; (i) used to carry volatile liquids, gases, explosives or other corrosive or inflammable material; and (j) used for transporting and haulage of goods other than what might be reasonably expected of a leisure rental. 15.2 Road restrictions apply as follows: (a) maui vehicles may only be driven on sealed/bitumen or well-maintained roads. (b) Vehicles are not permitted to be driven on Skippers Road (Queenstown), the Crown Range Road (Queenstown), Ball Hut Road (Mt. Cook), Ninety Mile Beach (Northland), North of Colville Township (Coromandel Peninsula) and all ski field access roads (from 01 June to 31 October). The Customer is responsible for all damage if travelling on these roads. 15.3 We value your well-being, and for safety purposes, maui reserves the right, at its sole discretion, to restrict Vehicle movements in certain areas due to: (a) adverse road or weather conditions; (b) the distance to nominated destinations in relation to the length of the hire period; and informed and confirm the repair in advance. Repairs will be approved and reimbursement for expenditure will be made (where applicable) provided the Customer was not responsible for the damage. In all cases, receipts must be submitted for any repair or the claim will not be paid. 16.2 Unless the Customer has taken the Liability Reduction Option, the Customer will pay for the cost of repairing or replacing tyres damaged during the Rental Period except if the tyre is defective, and inspected and confirmed by a maui authorised service centre.

  • Net Proceeds The Company will apply the net proceeds from the Offering and the sale of the Private Placement Warrants received by it in a manner consistent with the applications described under the caption “Use of Proceeds” in the Statutory Prospectus and the Prospectus.