THE OFFERING AND CONCURRENT TRANSACTIONS. After the consummation of the transactions as described in ARTICLE II, the following transactions shall be completed in the order set forth below:
THE OFFERING AND CONCURRENT TRANSACTIONS. After the consummation of the transactions occurring as of the Initial Effective Time as described in ARTICLE II, the following transactions shall be completed in the order set forth below as of the Second Effective Time:
THE OFFERING AND CONCURRENT TRANSACTIONS. Conversion of Seadrill’s Interest in the Company 9 Section 3.2 Conversion of the Seadrill Member’s Interest in the Company 9 Section 3.3 The Offering 9 Section 3.4 Use of the IPO Proceeds 9 Section 3.5 Payment of Intercompany Obligations 10 ARTICLE IV
THE OFFERING AND CONCURRENT TRANSACTIONS. The Offering 7 Section 3.2 Use of the IPO Proceeds 7 Section 4.1 Deferred Issuance and Distribution 7
THE OFFERING AND CONCURRENT TRANSACTIONS. After the consummation of the transactions occurring as of the Initial Effective Time as described in ARTICLE II, the following transactions shall be completed in the order set forth below as of the Second Effective Time:
Section 3.1 Conversion of Seadrill’s Interest in the Company. Seadrill hereby exchanges its limited liability company interest in the Company for 16,065,025 Common Units and 16,543,350 Subordinated Units.
Section 3.2 Conversion of the Seadrill Member’s Interest in the Company. The Seadrill Member hereby exchanges its limited liability company interest in the Company for the IDRs and the Seadrill Member Interest.
Section 3.3 The Offering. The Company issues 8,750,000 Common Units to the public in the Offering pursuant to the Underwriting Agreement in exchange for the IPO Proceeds.
THE OFFERING AND CONCURRENT TRANSACTIONS. Section 2.1 Sale of the Operating Company 5 Section 2.2 The Offering 5 Section 2.3 Use of the IPO Proceeds 5
THE OFFERING AND CONCURRENT TRANSACTIONS. As of the Effective Time, the following transactions will be completed in the order set forth below:
THE OFFERING AND CONCURRENT TRANSACTIONS. After the consummation of the transactions occurring as of the Initial Effective Time and as of the Second Effective Time, as described in Article II, the following transactions will be completed in the order set forth below, as of the Third Effective Time:
Section 3.1 Sale of the Operating Company, the SRV Promissory Note and the Höegh Lampung Promissory Note. Höegh LNG hereby (a) sells, assigns and transfers to the Partnership 100% of the equity interests in the Operating Company and (b) sells, assigns and transfers to the Partnership (without recourse or warranty other than as set forth in Article VI) (i) the SRV Promissory Note and (ii) the Höegh Lampung Promissory Note, in exchange for [ ] Common Units, [ ] Subordinated Units, the IDRs and the deferred issuance and distribution rights set forth in Section 4.1.
THE OFFERING AND CONCURRENT TRANSACTIONS. The Offering 9 Section 3.2 Use of the IPO Proceeds 9 Section 3.3 Payment of Intercompany Obligations 10
