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, 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.

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.