Common use of Fully Paid and Nonassessable Clause in Contracts

Fully Paid and Nonassessable. Any Common Unit(s) delivered upon conversion of the Class A Units pursuant to this Section 5.12 shall be validly issued, fully paid and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Delaware Act or this Agreement or created by the holders thereof.

Fully Paid and Nonassessable. Any Common Unit(s) Units delivered upon as a result of conversion of the Class A Units pursuant to this Section 5.12 5.13(b)(ii) or (iii) shall be validly issued, fully paid and nonassessable non-assessable (except as such nonassessability may be affected by matters described in Sections 17-303, 1718-607 and 1718-804 of the Delaware Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Delaware Act or this Agreement or created by the holders thereof.

Fully Paid and Nonassessable. Any Common Unit(s) Units delivered upon as a result of conversion of the Class A Units pursuant to this Section 5.12 5.9 shall be validly issued, fully paid and nonassessable non-assessable (except as such nonassessability may be affected by matters described in Sections 17-303, 1718-607 and 1718-804 of the Delaware Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Delaware Act or this Agreement or created by the holders thereof.

Fully Paid and Nonassessable. Any Common Conversion Unit(s) delivered upon conversion of the Class A Units pursuant to this Section 5.12 shall be validly issued, fully paid and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Delaware Act or this Agreement or created by the holders thereof.

Fully Paid and Nonassessable. Any Common Unit(s) Units delivered upon as a result of conversion of the Class A Units pursuant to this Section 5.12 shall be validly issued, fully paid and nonassessable non-assessable (except as such nonassessability may be affected by matters described in Sections 17-303, 1718-607 and 1718-804 of the Delaware Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Delaware Act or this Agreement or created by the holders thereof.

Fully Paid and Nonassessable. Any Common Unit(s) Units delivered upon as a result of conversion of the Class A Units pursuant to this Section 5.12 shall be validly issued, fully paid and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Delaware Act or this Agreement or created by the holders thereof.