Underwriters’ Cash Contribution. The Parties acknowledge that, contemporaneously with the execution and delivery of this Contribution Agreement, the Underwriters are, pursuant to the Underwriting Agreement, making a capital contribution to PAGP of $2.816 billion in cash, (or a net capital contribution of $2.73152 billion after deducting the Spread of $84.48 million) in exchange for the issuance by PAGP to the Underwriters of 128,000,000 Class A Shares, representing a 21.1% limited partner interest in PAGP.
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Samples: Contribution Agreement, Contribution Agreement, Contribution Agreement (Plains Gp Holdings Lp)
Underwriters’ Cash Contribution. The Parties acknowledge that, contemporaneously with the execution and delivery of this Contribution Agreement, the Underwriters are, pursuant to the Underwriting Agreement, making a capital contribution to PAGP of $2.816 [·] billion in cash, (or a net capital contribution of $2.73152 billion [·] after deducting the Spread of $84.48 million[·]) in exchange for the issuance by PAGP to the Underwriters of 128,000,000 [·] Class A Shares, representing a 21.1[·]% limited partner interest in PAGP.
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