Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the Closing, of transaction expenses in the amount of approximately $4.9 million, excluding underwriting discounts of $22,836,000.00 in the aggregate but including a structuring fee of 0.375% of the gross proceeds of the Offering payable to certain of the Underwriters (the “Structuring Fee”), (b) the distribution and payment of $149,144,119.22 to MPLX Logistics Holdings LLC as a reimbursement of qualified capital expenditures, and (c) the contribution by the Partnership of $201,600,000.00 to the Operating Company, of which $10,000,000.00 is to be used by the Operating Company for working capital purposes.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge the Partnership will retain a portion of the net proceeds of the offering in connection with the Closing, in order to pay transaction expenses in the amount of approximately $4.7 million, excluding underwriting discounts of 6.0% of the gross proceeds of the Offering but including a structuring fee of 0.5% of the gross proceeds of the Offering payable to two of the Underwriters (the “Structuring Fee”).
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the Closing, of transaction expenses in the amount of approximately $2,800,000 million, excluding underwriting discounts of $19,700,000 in the aggregate but including a structuring fee of 0.50% of the gross proceeds of the Offering payable to two of the Underwriters (the “Structuring Fee”), (b) the distribution of approximately $110,850,000 to WRSW and $134,550,000 to WRCLP, potentially in whole or in part for reimbursement of pre-formation capital expenditures, and (c) the retention of the Partnership of approximately $75 million in net proceeds from the Offering to be used for general partnership purposes.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (i) the payment by the Partnership, in connection with the transactions contemplated hereby, of estimated transaction expenses in the amount of approximately $3.5 million (exclusive of the Underwriters’ Spread) and (ii) subject to Section 3.1, the contribution of the balance of the proceeds from the Offering to MLP Operating as a capital contribution, to be used to retire the OLLC Debt and reserve the balance for future partnership purposes.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the Closing, of transaction expenses in the amount of approximately $9.3 million, excluding underwriting discounts of $17,062,500 in the aggregate but including a structuring fee of 0.25% of the gross proceeds of the Offering payable to one of the Underwriters (the “Structuring Fee”) and an advisory fee of $2.0 million payable to a third party advisor, (b) the distribution of approximately $107.4 million to Tesoro, in part as a reimbursement of qualified capital expenditures, (c) the distribution of approximately $125.3 million to TRMC, in part as a reimbursement of qualified capital expenditures, (d) the distribution of approximately $8.9 million to Tesoro Alaska, in part as a reimbursement of qualified capital expenditures, and (e) the contribution by the Partnership of approximately $3.0 million to the Operating Company to be used for working capital purposes.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the closing of the Offering, of estimated transaction expenses of approximately $[ ] million, excluding underwriting discounts of $[ ] in the aggregate but including a structuring fee of [ ]% of the gross proceeds of the Offering payable to certain of the Underwriters (the “Structuring Fee”), (b) the distribution by the Partnership to Green Plains of $[ ], $6,602,107 of which is reimbursement for certain capital expenditures made by Green Plains during the two-year period prior to the contribution of the Opco Remaining Interest to the Partnership and, if applicable, when available, the net proceeds from the exercise of the Underwriters’ Over-Allotment Option, and (c) the retention by the Partnership of $[ ] for general partnership purposes.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the closing of the Offering, of transaction expenses in the amount of approximately $3.2 million, excluding underwriting discounts of $8,250,000 in the aggregate but including a structuring fee of 0.5% of the gross proceeds of the Offering payable to certain of the Underwriters (the “Structuring Fee”); and (b) the contribution by the Partnership of approximately $126.1 million to Xxxxxx Midstream, all of which will be used to repay a portion of its Existing Credit Facility (as defined below) and to settle the related interest rate swap liability.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the Closing, of transaction expenses in the amount of approximately $[•] million, excluding underwriting discounts of $[•] in the aggregate but including a structuring fee of 0.25% of the gross proceeds of the Offering payable to one of the Underwriters (the “Structuring Fee”) and an advisory fee of $2.0 million payable to a third party advisor, (b) the distribution of approximately $[•] million to Tesoro, in part as a reimbursement of qualified capital expenditures, (c) the distribution of approximately $[•] million to TRMC, in part as a reimbursement of qualified capital expenditures, (d) the distribution of approximately $[•] million to Tesoro Alaska, in part as a reimbursement of qualified capital expenditures, and (e) the contribution by the Partnership of approximately $[•] million to the Operating Company to be used for working capital purposes.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the closing of the Offering, of transaction expenses of approximately $[ ] million, excluding underwriting discounts of $[ ] in the aggregate but including a structuring fee of [ ]% of the gross proceeds of the Offering payable to certain of the Underwriters (the “Structuring Fee”), and (b) the contribution by the Partnership of $[ ] to the Operating Company to be used by the Operating Company for working capital purposes.
Payment of Transaction Expenses and Contribution of Proceeds by the Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the Closing, of transaction expenses in the amount of approximately $[•] million, excluding underwriting discounts of $[•] in the aggregate but including a structuring fee of [•]% of the gross proceeds of the Offering payable to two of the Underwriters (the “Structuring Fee”), (b) the distribution of approximately $[•] million to WRSW and $[•] million to WRCLP, potentially in whole or in part for reimbursement of pre-formation capital expenditures, and (c) the retention of the Partnership of approximately $[•] million in net proceeds from the Offering to be used for general partnership purposes.
