Common use of Absence of Defaults and Conflicts Resulting from the Transactions Clause in Contracts

Absence of Defaults and Conflicts Resulting from the Transactions. The execution, delivery and performance of the Transaction Documents by each of the applicable Energy Transfer Entities, the issuance and sale of the Offered Securities by the Partnership and the compliance with the terms and provisions thereof does not and will not (i) violate the Organizational Documents of the applicable Energy Transfer Entities or (ii) result in a breach or violation of any of the terms and provisions of, or constitute a default under, nor has any event occurred that with notice, lapse of time or both would result in any breach or violation of or constitute a default under, or a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any Lien upon any property or assets of any of the Energy Transfer Entities or any of the Subsidiaries pursuant to the Organizational Documents, any statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the applicable Energy Transfer Entity, Subsidiary or any of their properties, or any Agreements and Instruments (other than pursuant to the Existing Indebtedness), except for breaches, defaults or violations that would not, individually or in the aggregate, result in a Material Adverse Effect. A “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture, or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the applicable Energy Transfer Entities or any of their respective subsidiaries.

Absence of Defaults and Conflicts Resulting from the Transactions. The execution, delivery and performance of the Transaction Documents by each of the applicable Energy Transfer Entities, the issuance and sale of the Offered Securities by the Partnership and the compliance with the terms and provisions thereof does not and will not (i) violate the Organizational Documents of the applicable Energy Transfer Entities or (ii) result in a breach or violation of any of the terms and provisions of, or constitute a default under, nor has any event occurred that with notice, lapse of time or both would result in any breach or violation of or constitute a default under, or a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any Lien upon any property or assets of any of the Energy Transfer Entities or any of the Subsidiaries pursuant to the Organizational Documents, any statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the applicable Energy Transfer Entity, Subsidiary Entity or any of their properties, or any Agreements and Instruments (other than pursuant to the Existing IndebtednessIndebtedness and under the Indenture, any Collateral Documents and Security Documents entered into with respect to the Offered Securities and the New Credit Agreements), except for breaches, defaults or violations that would not, individually or in the aggregate, result in a Material Adverse Effect. A “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture, or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the applicable Energy Transfer Entities or any of their respective subsidiaries.

Absence of Defaults and Conflicts Resulting from the Transactions. The execution, delivery and performance of the Transaction Documents by each of Indenture (including the applicable Energy Transfer EntitiesGuarantees contained therein), the Offered Securities and this Agreement, the issuance and sale of the Offered Securities by the Partnership and the Guarantees and compliance with the terms and provisions thereof does not hereof and thereof, in each case, will not (i) violate the Organizational Documents of the applicable Energy Transfer Entities or (ii) result in a breach or violation of any of the terms and provisions of, or constitute a default under, nor has any event occurred that with notice, lapse of time or both would result in any breach or violation of or constitute a default under, or a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any Lien lien, charge or encumbrance upon any property or assets of any of the Energy Transfer Entities Company, the Guarantors or any of their respective subsidiaries pursuant to, the Subsidiaries pursuant to charter or by-laws (or similar organizational documents) of the Organizational DocumentsCompany, the Guarantors or any of their respective subsidiaries, any statute, any rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the applicable Energy Transfer EntityCompany, Subsidiary the Guarantors, any of their respective subsidiaries or any of their properties, or any Agreements and Instruments agreement or instrument to which the Company, the Guarantors or any of their respective subsidiaries is a party or by which the Company, the Guarantors or any of their respective subsidiaries is bound or to which any of the properties of the Company, the Guarantors or any of their respective subsidiaries is subject, except in each case (other than pursuant in relation to any of the Existing Indebtednessforegoing under such charter or by-laws (or similar organizational documents)), except for breachesany such breach, defaults violation or violations that default as would not, individually or in the aggregate, result in have or reasonably be expected to have a Material Adverse Effect. A “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the applicable Energy Transfer Entities Company, the Guarantors or any of their respective subsidiaries.

Absence of Defaults and Conflicts Resulting from the Transactions. The execution, delivery and performance of the Transaction Documents by each of the applicable Energy Transfer Entities, this Agreement and the issuance and sale of the Offered Securities by the Partnership Securities, and the compliance with the terms and provisions thereof does not and Conversion, will not (i) violate the Organizational Documents of the applicable Energy Transfer Entities or (ii) result in a breach or violation of any of the terms and provisions of, or constitute a default under, nor has any event occurred that with notice, lapse of time or both would result in any breach or violation of or constitute a default under, or a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any Lien lien, charge or encumbrance upon any property or assets of any of the Energy Transfer Entities Company or any of its subsidiaries pursuant to, (i) the Subsidiaries pursuant to charter or by-laws of the Organizational DocumentsCompany or any of its subsidiaries, (ii) any statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the applicable Energy Transfer Entity, Subsidiary Company or any of its subsidiaries or any of their properties, or (iii) any Agreements agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the properties of the Company or any of its subsidiaries is subject, except, with respect to each of clauses (ii) (but solely with respect to statutes, rules, regulations and Instruments orders excluding federal securities laws) and (other than pursuant to the Existing Indebtednessiii), except for such breaches, defaults violations, defaults, Debt Repayment Triggering Events, liens, charges or violations encumbrances that would not, individually or in the aggregate, result in have a Material Adverse Effect. A ; a “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture, or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the applicable Energy Transfer Entities Company or any of their respective its subsidiaries.

Absence of Defaults and Conflicts Resulting from the Transactions. The execution, delivery and performance of the Transaction Documents by each of Indenture, the applicable Energy Transfer EntitiesOffered Securities and this Agreement, the issuance and sale of the Offered Securities by the Partnership and the Guarantees and compliance with the terms and provisions thereof does not hereof and thereof, in each case, will not (i) violate the Organizational Documents of the applicable Energy Transfer Entities or (ii) result in a breach or violation of any of the terms and provisions of, or constitute a default under, nor has any event occurred that with notice, lapse of time or both would result in any breach or violation of or constitute a default under, or a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any Lien lien, charge or encumbrance upon any property or assets of any of the Energy Transfer Entities Company, the Guarantors or any of their respective subsidiaries pursuant to, the Subsidiaries pursuant to charter or by-laws (or similar organizational documents) of the Organizational DocumentsCompany, the Guarantors or any of their respective subsidiaries, any statute, any rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the applicable Energy Transfer EntityCompany, Subsidiary the Guarantors, any of their respective subsidiaries or any of their properties, or any Agreements and Instruments agreement or instrument to which the Company, the Guarantors or any of their respective subsidiaries is a party or by which the Company, the Guarantors or any of their respective subsidiaries is bound or to which any of the properties of the Company, the Guarantors or any of their respective subsidiaries is subject, except in each case (other than pursuant in relation to any of the Existing Indebtednessforegoing under such charter or by-laws (or similar organizational documents)), except for breachesany such breach, defaults violation or violations that default as would not, individually or in the aggregate, result in have or reasonably be expected to have a Material Adverse Effect. A “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture, or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the applicable Energy Transfer Entities Company, the Guarantors or any of their respective subsidiaries.