Use of IPO Proceeds. Newmark shall use any and all IPO Proceeds as follows:
Use of IPO Proceeds. (a) PubCo shall contribute all of the net cash proceeds received by it from the IPO to Atlas Operating in exchange for the issuance by Atlas Operating to PubCo of a number of Operating Units equal to the number of Class A Shares issued and sold by PubCo to the Underwriters in connection with the initial closing of the IPO. Atlas Operating shall, immediately following its receipt of such net cash proceeds from PubCo, contribute all of such net cash proceeds to Atlas Sand LLC for no consideration.
Use of IPO Proceeds. The IPO will be a primary offering of WPX Common Stock, and WPX shall use the net proceeds from the IPO as set forth in the IPO Prospectus.
Use of IPO Proceeds. American Ski will use all net proceeds of the Minimum IPO Gross Proceeds and will use all Restricted Excess IPO Proceeds (a) to make Investments in its Restricted Subsidiaries for use by them in their ski and lodging operations including, without limitation, the consummation of the Kamori Acquisition and (b) to redeem the 133/4% Subordinated Notes in full on or before December 30, 1997. American Ski may use Unrestricted Excess IPO Proceeds for any lawful purpose not expressly prohibited hereunder with respect to use of Unrestricted Excess IPO Proceeds.
Use of IPO Proceeds. (a) PubCo shall, and immediately following the initial closing of the IPO hereby does, contribute (i) all of the net proceeds received by it from the IPO and (ii) a number of shares of its Class B Common Stock equal to the number of RNGR Units issued pursuant to Section 2.6(d) and Section 3.5(b) of this Agreement to RNGR in exchange for the issuance of a number of RNGR Units to PubCo equal to the number of shares of Class A Common Stock issued by PubCo to the Underwriters in connection with the initial closing of the IPO.
Use of IPO Proceeds. (a) PubCo shall contribute (i) all of the net cash proceeds received by it from the IPO, and (ii) a number of Class B Shares equal to the aggregate number of FM Operating Units issued pursuant to Section 2.3 and Section 2.7 to FM Operating in exchange for the issuance of a number of FM Operating Units to PubCo equal to the number of Class A Shares issued by PubCo to the Underwriters in connection with the initial closing of the IPO.
Use of IPO Proceeds. (a) Immediately following the initial closing of the IPO, PubCo shall contribute (i) all of the net proceeds received by it from the IPO and (ii) a number of shares of its Class B Common Stock equal to the number of RNGR Units issued pursuant to Section 2.6(d) of this Agreement to RNGR in exchange for the issuance of a number of RNGR Units to PubCo equal to the number of shares of Class A Common Stock issued by PubCo to the Underwriters in connection with the initial closing of the IPO. The number of shares of Class B Common Stock so contributed shall consist of “Primary B Shares” and “Secondary B Shares,” as shall be defined in the A&R RNGR LLC Agreement.
Use of IPO Proceeds. 2.1 The Company proposes to raise finance by way of the Fresh Issue for the following purposes, all as more particularly to be set out in the Prospectus for:
Use of IPO Proceeds. Out of the net cash proceeds from an IPO, Borrowers (i) shall satisfy their outstanding obligations under the Replacement Subordinated Debt Documents, (ii) shall make a one-time payment of an aggregate of $1,150,000.00 to certain Pre-IPO Stock Holders in connection with the termination of their respective Consulting Agreement, (iii) shall pay certain expenses incurred in connection with the consummation of an IPO, including legal and third party fees, subject to Agent’s approval, and (iv) shall use the entire, remaining balance of the net proceeds to pay down the existing indebtedness of the Loan Agreement.
Use of IPO Proceeds. Use the proceeds of the initial public offering of its common stock to pay off in full the Notes and terminate the Lenders’ commitment to make Loans thereunder in accordance with the terms of this Agreement on the IPO Date if the IPO Date precedes October 15, 2014.
