IPO Proceeds definition
Examples of IPO Proceeds in a sentence
The Partnership shall distribute to HIP LP an amount in cash equal to (a) the IPO Proceeds less (a) the sum of the Transaction Expenses and the Retained Proceeds.
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 Partnership will issue [•] Common Units to the public in the Offering pursuant to the Underwriting Agreement in exchange for the IPO Proceeds.
Pursuant to the Buyout Agreement, Lazard Group and the Historical Partners agreed to treat the consideration paid to the Historical Partners in the Redemption (i) as a sale or exchange pursuant to Section 707(a)(2)(B) of the Code (the “Sale”) to the extent such consideration originated from IPO Proceeds and (ii) as a distribution pursuant to Section 736(b)(1) and Section 731(b) of the Code (the “Distribution”) to the extent the total Redemption consideration exceeded the IPO Proceeds.
Subject to Section 17-607 of the Delaware Act, on the IPO Closing Date and immediately prior to the commencement of the Subordination Period, the IPO Proceeds and New Credit Facility Proceeds shall be distributed to (x) the General Partner in accordance with its Percentage Interest and (y) AIM Midstream and the LTIP Partners, as Unitholders, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest.