Assets Complete. Other than the Excluded Assets, the Acquired Assets constitute all of the material assets, rights and properties that are used or necessary for the conduct of the Business as conducted during the 12 months prior to the date of this Agreement and as now conducted by Seller. All propane inventory of Seller is (i) of a quality sufficient to meet industry specifications and (ii) of a quantity usable by Seller and saleable at normal selling prices in the normal course of the Business.
Appears in 7 contracts
Samples: Contribution and Sale Agreement (NGL Energy Partners LP), Contribution and Sale Agreement (NGL Energy Partners LP), Contribution and Sale Agreement (NGL Energy Partners LP)
Assets Complete. Other than the Excluded Assets, the Acquired Assets constitute all of the material assets, rights and properties that are used or necessary for the conduct of the Business as conducted during the 12 months prior to the date of this Agreement hereof and as now conducted by SellerSellers. All propane inventory of Seller Sellers is (i) of a quality sufficient to meet industry specifications and (ii) of a quantity usable by Seller Sellers and saleable at normal selling prices in the normal course of the Business.
Appears in 1 contract
Samples: Contribution and Sale Agreement (NGL Energy Partners LP)