Common use of Use of the IPO Proceeds Clause in Contracts

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 ▇▇▇▇▇▇▇.

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 ▇▇▇▇▇▇▇.

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 t▇ ▇▇▇▇▇▇▇ en 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 M/▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇en; (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 Windso▇ ▇▇▇▇▇▇▇en; 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 an▇ ▇▇▇▇▇▇▇ en XII, pro rata, to be further contributed to t▇ ▇▇▇▇▇▇▇ en XII LP, to repay a portion of the debt obligations related to the M/T Fortaleza Fortalez▇ ▇▇▇▇▇▇▇ en and M/T Recife Recif▇ ▇▇▇▇▇▇▇en.