Common use of Deferred Issuance and Distribution Clause in Contracts

Deferred Issuance and Distribution. Upon the exercise of the Underwriters’ Option, any Common Units not purchased by the Underwriters pursuant to the Underwriters’ Option were issued to the Contributing Parties in accordance with each such Contributing Party’s Interest Percentage. Upon the exercise of the Underwriters’ Option, the Partnership distributed to each Contributing Party an amount of cash equal to the product of (a) such Contributing Party’s Interest Percentage and (b) the net proceeds (after the underwriting discount and structuring fee incurred by the Partnership or the other Contribution Agreement Parties in connection therewith) of such exercise of the Underwriters’ Option (such net proceeds, together with any Common Units issued to the Contributing Parties pursuant to this Section 5.4, the “Deferred Issuance and Distribution”).

Appears in 4 contracts

Samples: Kimbell Royalty Partners, LP, www.sec.gov, Kimbell Royalty Partners, LP

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Deferred Issuance and Distribution. Upon the exercise expiration of the Underwriters’ Option, any Common Units not purchased by the Underwriters pursuant to the Underwriters’ Option were shall be issued to the Contributing Parties in accordance with each such Contributing Party’s Interest Percentage. Upon the each exercise of the Underwriters’ Option, the Partnership distributed shall distribute to each Contributing Party an amount of cash equal to the product of (a) such Contributing Party’s Interest Percentage and (b) the net proceeds (after the underwriting discount and structuring fee incurred by the Partnership or the other Contribution Agreement Parties in connection therewith) of each such exercise of the Underwriters’ Option (such net proceeds, together with any Common Units issued to the Contributing Parties pursuant to this Section 5.4, the “Deferred Issuance and Distribution”).

Appears in 2 contracts

Samples: Kimbell Royalty Partners, LP, www.lw.com

Deferred Issuance and Distribution. Upon the exercise of the Underwriters’ Option, any Common Units not purchased by the Underwriters pursuant to the Underwriters’ Option were issued to the Contributing Parties in accordance with each such Contributing Party’s Interest Percentage. Upon the exercise of the Underwriters’ Option, the Partnership distributed to each Contributing Party an amount of cash equal to the product of (a) such Contributing Party’s Interest Percentage and (b) the net proceeds (after the underwriting discount and structuring fee incurred by the Partnership or the other Contribution Agreement Parties in connection therewith) of such exercise of the Underwriters’ Option (such net proceeds, together with any Common Units issued to the Contributing Parties pursuant to this Section ‎Section 5.4, the “Deferred Issuance and Distribution”).

Appears in 1 contract

Samples: Kimbell Royalty Partners, LP

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Deferred Issuance and Distribution. Upon the exercise of the Underwriters' Option, any Common Units not purchased by the Underwriters pursuant to the Underwriters' Option were issued to the Contributing Parties in accordance with each such Contributing Party’s 's Interest Percentage. Upon the exercise of the Underwriters' Option, the Partnership distributed to each Contributing Party an amount of cash equal to the product of (a) such Contributing Party’s 's Interest Percentage and (b) the net proceeds (after the underwriting discount and structuring fee incurred by the Partnership or the other Contribution Agreement Parties in connection therewith) of such exercise of the Underwriters' Option (such net proceeds, together with any Common Units issued to the Contributing Parties pursuant to this Section 5.4, the "Deferred Issuance and Distribution").

Appears in 1 contract

Samples: Recapitalization Agreement (Kimbell Royalty Partners, LP)

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