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 (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.