MLP Receipt of Cash Contribution Sample Clauses

MLP Receipt of Cash Contribution. The MLP acknowledges receipt of $70,251,300 in cash obtained from the Offering (net of the Spread) as a capital contribution to the MLP, and the Parties acknowledge that the MLP has used all of such capital contribution (a) to pay the Offering Costs that are due and payable or that have been previously paid and (b) to make an additional capital contribution to the OLP as described in Section 2.7.
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MLP Receipt of Cash Contribution. The Parties acknowledge MLP's issuance of 7,000,000 Common Units in exchange for the IPO Proceeds in cash as a capital contribution to MLP, and MLP's use of the IPO Proceeds (a) to pay the Underwriters' discounts and commissions of $_________ (which may be withheld by the Underwriters from the IPO Proceeds as payment thereof), (b) to pay other Offering expenses incurred by MLP of approximately $__ million and (c) with respect to the remaining IPO Proceeds, to repay the Notes.
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MLP Receipt of Cash Contribution. MLP acknowledges receipt of the Offering Proceeds (which are net of the underwriting discounts and commissions and structuring fees withheld by the underwriters from the Offering Proceeds as payment thereof) in cash as a capital contribution to MLP, and the Parties acknowledge that MLP has used all of such capital contributions to (a) pay transaction expenses associated with the transactions contemplated by this Agreement in the estimated amount of approximately $2.9 million (exclusive of the underwriters’ discounts and commissions and structuring fees and net of a reimbursement for certain expenses received from the underwriters), (b) distribute the Distributable Proceeds to EPD OLP as a portion of the cash consideration, (c) provide approximately $18.9 million to make a capital contribution to South Texas NGL in connection with the planned expansions to the South Texas NGL pipeline, and (d) provide approximately $9.3 million to make a capital contribution to Mont Belvieu LLC in connection with planned construction projects to expand brine production capacity and above-ground storage reservoirs.
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MLP Receipt of Cash Contribution. In exchange for the MLP's issuance of 5,500,000 Common Units, the MLP acknowledges receipt of the Offering Proceeds in cash as a capital contribution to the MLP, and the Parties acknowledge that the MLP has used all of such capital contribution to (a) pay the Underwriters' discounts and commissions of $8.1 million (which may be withheld by the Underwriters from the Offering Proceeds as payment thereof), (b) pay other Offering expenses incurred by the MLP of approximately $3.4 million and (c) repay the Note.
Sample 1
MLP Receipt of Cash Contribution. The MLP acknowledges receipt of the Offering Proceeds in cash as a capital contribution to the MLP, and the Parties acknowledge that the MLP has used all of such capital contribution to (a) pay the Underwriters’ discounts and commissions and structuring fees (which may be withheld by the Underwriters from the Offering Proceeds as payment thereof), (b) pay the approximately $3.1 million of Offering expenses incurred by the MLP, (c) redeem the 899,968 Common Units held by USSM and (d) make a capital contribution to the OLLC of the remaining Offering Proceeds as described in Section 3.5 below.
Sample 1
MLP Receipt of Cash Contribution. MLP acknowledges receipt of the Offering Proceeds in cash as a capital contribution to MLP, and the Parties acknowledge that MLP has used all of such capital contributions to (a) pay the underwriting discounts and commissions and structuring fees (which may be withheld by the underwriters from the Offering Proceeds as payment thereof), (b) pay transaction expenses associated with the transactions contemplated by this Agreement in the amount of approximately $2.9 million, (c) distribute approximately $ million to EPD OLP as a portion of the cash consideration and reimbursement for capital expenditures relating to the Subject Interests and (d) provide approximately $ million to make a capital contribution to South Texas NGL in connection with the planned expansions to the South Texas NGL pipeline.
Sample 1
MLP Receipt of Cash Contribution. The MLP acknowledges receipt of the Offering Proceeds in cash as a capital contribution to the MLP, and the Parties acknowledge that the MLP has used all of such capital contribution to (a) pay the underwriting discounts and commissions (which may be withheld by the underwriters from the Offering Proceeds as payment thereof), (b) distributes $[35.0] million to [WXX/Wxxxxxxx Pipeline] to reimburse for certain capital expenditures incurred prior to formation, (c) distributes $[48.5] million to [any or all of the other transferors], (d) convey $[1.6] million in cash to MCFS and CTP as capital contributions for them to replenish working capital and (e) pay the approximately $[4.6] million of Offering expenses incurred by the MLP.
Sample 1
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MLP Receipt of Cash Contribution. The MLP acknowledges receipt of the Offering Proceeds in cash as a capital contribution to the MLP, and the Parties acknowledge that the MLP has used all of such capital contribution to (a) pay the underwriting discounts and commissions and structuring fees (which may be withheld by the underwriters from the Offering Proceeds as payment thereof), (b) pay transaction costs estimated to be $4.3 million (excluding the underwriters’ discount and commissions and structuring fees and net of a reimbursement for certain expenses received from the underwriters), (c) provide $12.8 million of additional working capital, (d) distribute $35.0 million to Wxxxxxxx Pipeline to reimburse for certain capital expenditures incurred prior to formation, (e) distribute $18.6 million to Holdings to reimburse for certain capital expenditures incurred prior to formation and for the Gas Purchase Contract, (f) distribute $3.8 million to WE to reimburse for certain capital expenditures incurred prior to formation, (g) distribute $1.3 million to WXX to reimburse for certain capital expenditures incurred prior to formation and (h) provide $24.4 million to make a capital contribution to Discovery to fund an escrow account in connection with the Tahiti pipeline lateral expansion.
Sample 1

Related to MLP Receipt of Cash Contribution

  • Public Cash Contribution The Parties acknowledge that, in connection with the Offering, the public, through the Underwriters, has made a capital contribution to the Partnership of $380,600,000.00 in cash in exchange for 17,300,000 Common Units (the “Firm Units”) representing a 22.9% limited partner interest in the Partnership and new limited partners are being admitted to the Partnership in connection therewith.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • DISTRIBUTION OF EXCESS AGGREGATE CONTRIBUTIONS The Advisory Committee will determine excess aggregate contributions after determining excess deferrals under Section 14.07 and excess contributions under Section 14.08. If the Advisory Committee determines the Plan fails to satisfy the ACP test for a Plan Year, it must distribute the excess aggregate contributions, as adjusted for allocable income, during the next Plan Year. However, the Employer will incur an excise tax equal to 10% of the amount of excess aggregate contributions for a Plan Year not distributed to the appropriate Highly Compensated Employees during the first 2 1/2 months of that next Plan Year. The excess aggregate contributions are the amount of aggregate contributions allocated on behalf of the Highly Compensated Employees which causes the Plan to fail to satisfy the ACP test. The Advisory Committee will distribute to each Highly Compensated Employee his respective share of the excess aggregate contributions. The Advisory Committee will determine the respective shares of excess aggregate contributions by starting with the Highly Compensated Employee(s) who has the greatest contribution percentage, reducing his contribution percentage (but not below the next highest contribution percentage), then, if necessary, reducing the contribution percentage of the Highly Compensated Employee(s) at the next highest contribution percentage level (including the contribution percentage of the Highly Compensated Employee(s) whose contribution percentage the Advisory Committee already has reduced), and continuing in this manner until the ACP for the Highly Compensated Group satisfies the ACP test. If the Highly Compensated Employee is part of an aggregated family group, the Advisory Committee, in accordance with the applicable Treasury regulations, will determine each aggregated family member's allocable share of the excess aggregate contributions assigned to the family unit.

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

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