Common use of Capitalization of the Partnership Clause in Contracts

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partnership interests of the Partnership consist of 275,168,410 Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Common Units and the limited partner interests represented thereby have been duly and validly authorized and 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 Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 4 contracts

Samples: Underwriting Agreement (Targa Resources Corp.), Underwriting Agreement (Targa Resources Corp.), Terms Agreement (Targa Resources Corp.)

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Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partnership partner interests of the Partnership consist of 275,168,410 30,995,563 Common Units and 5,000,000 Series A Preferred Units the Incentive Distribution Rights (as such term is defined in the Partnership Agreement); all of . All such Common Units and Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly authorized and 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 Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 3 contracts

Samples: Underwriting Agreement (Global Partners Lp), Equity Distribution Agreement (Global Partners Lp), Underwriting Agreement (Global Partners Lp)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partnership partner interests of the Partnership consist of 275,168,410 39,074,500 Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Units. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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 17-607 and 17-804 of the Delaware LP Act).

Appears in 3 contracts

Samples: Underwriting Agreement (Penn Virginia Corp), Underwriting Agreement (Penn Virginia GP Holdings, L.P.), Underwriting Agreement (Penn Virginia GP Holdings, L.P.)

Capitalization of the Partnership. As of the date hereof, the The issued and outstanding limited partnership interests of the Partnership consist of 275,168,410 78,876,643 Common Units, 69,076,122 Subordinated Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Common Units Subordinated Units, and the limited partner interests represented thereby thereby, have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Purchase Agreement (Chesapeake Midstream Partners Lp)

Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 34,423,369 Common Units, 24,409,850 Subordinated Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Common Subordinated Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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 non-assessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 34,423,997 Common Units, 24,409,850 Subordinated Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Common Subordinated Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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 non-assessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of At the date hereofExecution Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 72,111,121 Common Units Units, the GP Interest and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Incentive Distribution Rights. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Equity Distribution Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 66,588,168 Common Units Units, the GP Interest and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Incentive Distribution Rights. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 34,495,468 Common Units, 24,409,850 Subordinated Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Common Subordinated Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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 non-assessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of At the date hereofExecution Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 41,972,093 Common Units, 24,409,850 Subordinated Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Common Subordinated Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Equity Distribution Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of the date hereof, the The issued and outstanding limited partnership interests of the Partnership consist of 275,168,410 78,899,650 Common Units, 69,076,122 Subordinated Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Common Units Subordinated Units, and the limited partner interests represented thereby thereby, have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Chesapeake Midstream Partners Lp)

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Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 72,111,121 Common Units Units, the GP Interest and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Incentive Distribution Rights. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 72,111,121 Common Units Units, the GP Interest and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Incentive Distribution Rights. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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 non-assessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partnership interests of the Partnership consist consisted of 275,168,410 32,247,371 Common Units Units, the Incentive Distribution Rights and 5,000,000 Series A Preferred Units (as defined the non-economic general partner interest in the Partnership Agreement); all of such Partnership. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Equity Distribution Agreement (Westlake Chemical Partners LP)

Capitalization of the Partnership. As of the date hereof, the issued and outstanding limited partnership partner interests of the Partnership consist of 275,168,410 27,430,563 Common Units and 5,000,000 Series A Preferred Units the Incentive Distribution Rights (as such term is defined in the Partnership Agreement); all of . All such Common Units and Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly authorized and 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 Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Global Partners Lp)

Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership consist consisted of 275,168,410 27,059,730 Common Units Units, the Incentive Distribution Rights and 5,000,000 Series A Preferred Units (as defined the non-economic general partner interest in the Partnership Agreement); all of such Partnership. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Westlake Chemical Partners LP)

Capitalization of the Partnership. As of At the date hereofApplicable Time, the issued and outstanding limited partnership interests of the Partnership will consist of 275,168,410 73,060,122 Common Units Units, the GP Interest and 5,000,000 Series A Preferred Units (as defined in the Partnership Agreement); all of such Incentive Distribution Rights. All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly authorized and 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, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Summit Midstream Partners, LP)

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