Common use of Capitalization of the Partnership Clause in Contracts

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 88,154,714 Common Units, 21,840,014 Class B Units representing limited partner interests in the Partnership and 10,346,257 Special Units representing limited partner interests in the Partnership. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303(a), 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (PVR Partners, L P)

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Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 88,154,714 Common Units, 21,840,014 Class B Units 30,995,563 common units each representing a limited partner interests interest in the Partnership (the “Common Units”) and 10,346,257 Special Units representing limited partner interests the Incentive Distribution Rights (as such term is defined in the PartnershipPartnership Agreement). All outstanding such Common Units and Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303(a)303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Registration Rights Agreement (Global Partners Lp)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 88,154,714 95,725,388 Common Units, 21,840,014 23,779,883 Class B Units representing limited partner interests in the Partnership and 10,346,257 Special Units representing limited partner interests in the Partnership. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303(a), 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Terms Agreement (PVR Partners, L. P.)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partner interests of the Partnership consist of 88,154,714 Common Units, 21,840,014 Class B Units 27,430,563 common units each representing a limited partner interests interest in the Partnership (the “Common Units”) and 10,346,257 Special Units representing limited partner interests the Incentive Distribution Rights (as such term is defined in the PartnershipPartnership Agreement). All outstanding such Common Units and Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303(a), 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Purchase Agreement (Global Partners Lp)

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Capitalization of the Partnership. As Upon consummation of the date hereoftransactions contemplated by this Agreement, the issued and outstanding limited partner partnership interests of the Partnership consist of 88,154,714 189,131,773 Common Units, 21,840,014 12,553,322 Class B Units representing limited partner interests in Units,the Partnership GP Interest and 10,346,257 Special Units representing limited partner interests in the PartnershipIncentive Distribution Rights. All outstanding Common Units and Class B Units, and the limited partner interests represented thereby thereby, have been duly authorized and validly issued in accordance with the Partnership Agreement Agreement, and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303(a)303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Access Midstream Partners Lp

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