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.
Appears in 2 contracts
Sources: Contribution, Purchase and Sale Agreement, Contribution, Purchase and Sale Agreement (Hoegh LNG Partners LP)
Use of the IPO Proceeds. (a) The Partnership shall use $[ ] 15,660,000 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 $[ ] 16,340,000 of the IPO Proceeds to Höegh LNG.
Appears in 2 contracts
Sources: Contribution, Purchase and Sale Agreement (Hoegh LNG Partners LP), Contribution, Purchase and Sale Agreement