Common use of Contributions by the Underwriters Clause in Contracts

Contributions by the Underwriters. (a) On the Closing Date and pursuant to the Underwriting Agreement, the Underwriters contributed to the Partnership cash in an amount equal to the Issue Price per Initial Common Unit multiplied by the number of Common Units specified in the Underwriting Agreement as being purchased by the Underwriters on the Closing Date. In exchange for such Capital Contributions by the Underwriters, the Partnership issued the number of Common Units specified in the Underwriting Agreement as being purchased by the Underwriters to the Underwriters or their designee(s) in accordance with the Underwriting Agreement, and such Underwriters or their designee(s) were admitted to the Partnership as Limited Partners. (b) Upon the exercise of the Over-Allotment Option, on the Option Closing Date and pursuant to the Underwriting Agreement, the Underwriters contributed to the Partnership cash in an amount equal to the Issue Price per Initial Common Unit multiplied by the number of Common Units purchased by the Underwriters on the Option Closing Date. In exchange for such Capital Contributions by the Underwriters, the Partnership issued to the Underwriters or their designee(s) the number of Common Units subject to the Over-Allotment Option that were purchased by them in accordance with the Underwriting Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Carlyle Group L.P.), Limited Partnership Agreement (Ares Management Lp)

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Contributions by the Underwriters. (a) On the Closing Date and pursuant to the Underwriting Agreement, the Underwriters contributed shall contribute to the Partnership cash in an amount equal to the Issue Price per Initial Common Unit multiplied by the number of Common Units specified in the Underwriting Agreement as being to be purchased by the Underwriters on the Closing Date. In exchange for such Capital Contributions by the Underwriters, the Partnership issued shall issue the number of Common Units specified in the Underwriting Agreement as being to be purchased by the Underwriters to the Underwriters or their designee(s) in accordance with the Underwriting Agreement, and such Underwriters or their designee(s) were shall be admitted to the Partnership as Limited Partners. (b) Upon the exercise exercise, if any, of the Over-Allotment Option, on the Option Closing Date and pursuant to the Underwriting Agreement, the Underwriters contributed shall contribute to the Partnership cash in an amount equal to the Issue Price per Initial Common Unit multiplied by the number of Common Units to be purchased by the Underwriters on the Option Closing Date. In exchange for such Capital Contributions by the Underwriters, the Partnership issued shall issue to the Underwriters or their designee(s) the number of Common Units subject to the Over-Allotment Option that were are to be purchased by them in accordance with the Underwriting Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Carlyle Group L.P.), Limited Partnership Agreement (Ares Management Lp)

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