IPO Transactions. Notwithstanding anything to the contrary in the Loan Documents, nothing therein shall prohibit the Qualifying IPO, the IPOCo Formation Transactions, or any transactions related thereto; provided that (a) no Change of Control shall occur as a result of such transactions, (b) such transactions shall not have an adverse effect on the rights of the Secured Parties in respect of the Collateral taken as a whole, and (c) substantially contemporaneously with the consummation of a Qualifying IPO, IPOCo (if any) shall become a guarantor of the Obligations and a pledgor of its applicable assets to secure the Obligations.
Appears in 2 contracts
Sources: Credit Agreement (Athlon Energy Inc.), Credit Agreement (Athlon Energy Inc.)