Common use of Organizational Transactions Clause in Contracts

Organizational Transactions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10,000 and was admitted as the General Partner and NEE Equity made an initial Capital Contribution to the Partnership in the amount of $100 and was admitted as a Limited Partner of the Partnership. (a) On the Closing Date and pursuant to the Underwriting Agreement, each IPO Underwriter contributed cash to the Partnership in exchange for the issuance by the Partnership of Common Units to each IPO Underwriter, all as set forth in the Underwriting Agreement. (b) On the Closing Date, the Partnership made a capital contribution to the Operating Partnership in the amount of $150,000,008.92 in exchange for 6,395,907 OpCo Common Units. (c) On the Closing Date, the Partnership purchased 12,291,593 OpCo Common Units from NEE Equity, for an aggregate purchase price of $288,268,584.83. (d) No Limited Partner Interests will be issued or issuable as of or at the Closing Date other than (i) the Common Units issued to the IPO Underwriters as described in subparagraph (a) in this Section 5.1 and (ii) the Special Voting Units issued to NEE Equity as described in Section 5.3. (e) Neither the General Partner nor any Limited Partner will be required to make any additional Capital Contribution to the Partnership pursuant to this Agreement.

Organizational Transactions. In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10,000 and was admitted as the General Partner and NEE Equity made an initial Capital Contribution to the Partnership in the amount of $100 and was admitted as a Limited Partner of the Partnership. (a) On the Closing Date and pursuant to the Underwriting Agreement, each IPO Underwriter contributed cash to the Partnership in exchange for the issuance by the Partnership of Common Units to each IPO Underwriter, all as set forth in the Underwriting Agreement. (b) On the Closing Date, the Partnership made a capital contribution to the Operating Partnership in the amount of $150,000,008.92 in exchange for 6,395,907 OpCo Common Units. (c) On the Closing Date, the Partnership purchased 12,291,593 OpCo Common Units from NEE Equity, for an aggregate purchase price of $288,268,584.83. (d) No Limited Partner Interests will be were issued or issuable as of or at the Closing Date other than (i) the Common Units issued to the IPO Underwriters as described in subparagraph (a) in this Section 5.1 and (ii) the Special Voting Units issued to NEE Equity as described in Section 5.3. (e) Neither the General Partner nor any Limited Partner will be required to make any additional Capital Contribution to the Partnership pursuant to this Agreement.