Authority; No Violation; Consents and Approvals. (a) Each NGL Group Entity has all requisite power and authority (corporate or otherwise) to enter into this Agreement and each Transaction Document to which such NGL Group Entity is a party and to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by each NGL Group Entity of this Agreement and each Transaction Document to which any such NGL Group Entity is a party and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all requisite action on the part of such NGL Group Entity, and no other company, partnership or similar proceeding on the part of such NGL Group Entity or any Affiliate thereof is necessary to consummate the transactions contemplated by this Agreement and each Transaction Document to which such NGL Group Entity is a party.
Appears in 8 contracts
Samples: LLC Interest Transfer Agreement, LLC Interest Transfer Agreement, LLC Interest Transfer Agreement
