Payment and Contribution of Cash by the Public Through the Underwriters. The Parties acknowledge that the Partnership is undertaking the Offering and the public, through the Underwriters will, pursuant to the Underwriting Agreement, agree to make a capital contribution to the Partnership of approximately $168 million in cash ($156.2 million net to the Partnership after the underwriting discount of $10.9 million and the Structuring Fee payable to Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated and Barclays Capital Inc.) in exchange for the issuance and sale of 8,000,000 Common Units, representing an aggregate 32.67% limited partner interest in the Partnership.
Appears in 3 contracts
Samples: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Delek US Holdings, Inc.), Contribution, Conveyance and Assumption Agreement (Delek Logistics Partners, LP)
Payment and Contribution of Cash by the Public Through the Underwriters. The Parties acknowledge that the Partnership is undertaking the Offering and the public, through the Underwriters willUnderwriters, pursuant to the Underwriting Agreement, will agree to make a capital contribution to the Partnership of approximately $168 316.3 million in cash ($156.2 million 297.3 million, net of underwriting discounts) to the Partnership after the underwriting discount of $10.9 million and the Structuring Fee payable to Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated and Barclays Capital Inc.) in exchange for the issuance and sale of 8,000,000 13,750,000 Common Units, representing an aggregate 32.6743.3% limited partner interest in the Partnership, and the Over-Allotment Option.
Appears in 2 contracts
Samples: Contribution and Conveyance Agreement, Contribution and Conveyance Agreement (PBF Logistics LP)