Structuring Fee Equity Issuance Sample Clauses
Structuring Fee Equity Issuance. On the Effective Date, immediately after the consummation of the REIT IPO and simultaneously with the consummation of the Merger, the Partnership shall issue 1,700,000 Common Units to InfraREIT Inc. in respect of the structuring fee issuance of 1,700,000 shares of Public REIT Common Stock by InfraREIT Inc. to the Initial Limited Partner or one of its Affiliates which occurred prior to the consummation of the REIT IPO. The Partner Registry attached hereto as Exhibit A reflects the effect of this issuance.
Structuring Fee Equity Issuance. On the Effective Date, immediately after the consummation of the REIT IPO and simultaneously with the consummation of the Merger, the Partnership shall issue Common Units to InfraREIT Inc. in respect of the structuring fee issuance of shares of Public REIT Common Stock by InfraREIT Inc. to the Initial Limited Partner or one of its Affiliates which occurred prior to the consummation of the REIT IPO. The Partner Registry attached hereto as Exhibit A reflects the effect of this issuance.