Common use of Transactions, etc Clause in Contracts

Transactions, etc. The following transactions shall have been consummated, in each case, on terms and conditions reasonably satisfactory to the Lenders: (i) (A) the Parent shall have transferred 65% of the Capital Stock of Haverhill and Middletown to the MLP; and (B) the MLP shall have consummated its registered initial public offering (“IPO”) or shall consummate the IPO substantially simultaneously with the closing of the Revolving Facility and the IPO shall have generated gross proceeds to the MLP of not less than $256,500,000; (ii) the MLP shall have received at least $150,000,000 in gross cash proceeds from the issuance of the Senior Notes.

Transactions, etc. The following transactions shall have been consummated, in each case, on terms and conditions reasonably satisfactory to the Lenders: (i) (A) the Parent shall have transferred 65% of the Capital Stock of Haverhill and Middletown to the MLP; and (B) the MLP shall have consummated its registered initial public offering (“IPO”) or shall consummate the IPO substantially simultaneously with the closing of the Revolving Facility and the IPO shall have generated gross proceeds to the MLP of not less than $256,500,000[ ]; (ii) the MLP shall have received at least $150,000,000 in gross cash proceeds from the issuance of the Senior Notes.