Common use of Use of IPO Proceeds Clause in Contracts

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.

Appears in 2 contracts

Sources: Separation and Distribution Agreement (WPX Energy, Inc.), Separation and Distribution Agreement (WPX Energy, Inc.)