Common use of Corporate Existence of Seller Clause in Contracts

Corporate Existence of Seller. Seller (a) is a limited partnership duly formed, validly existing and in good standing under the laws of the State of Delaware and (b) has all requisite limited partnership power necessary to own its assets and carry on its business as its business is now being conducted.

Appears in 4 contracts

Samples: Common Unit Purchase Agreement (Plains All American Pipeline Lp), Common Unit Purchase Agreement (Plains All American Pipeline Lp), Common Unit Purchase Agreement (Plains All American Pipeline Lp)

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Corporate Existence of Seller. Seller and each of its Subsidiaries (a) is a limited partnership corporation duly formed, validly existing and in good standing under the laws of the State of Delaware and (b) has all requisite limited partnership corporate power necessary to own its assets and carry on its business as its business is now being conducted.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Mfri Inc)

Corporate Existence of Seller. Seller (a) is a limited partnership duly formed, validly existing and in good standing under the laws of the State of Delaware and (b) has all requisite limited partnership power and authority, and has all governmental licenses, authorizations, consents and approvals necessary to own its assets execute and carry on its business as its business is now being conducteddeliver this Agreement and to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Regency LP Acquirer, L.P.)

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Corporate Existence of Seller. Seller (a) is a limited partnership liability company duly formed, validly existing and in good standing under the laws of the State of Delaware Delaware; and (b) has all requisite limited partnership power and authority, and has all governmental licenses, authorizations, consents and approvals necessary to own its assets execute and carry on its business as its business deliver this Agreement and the other Basic Documents to which it is now being conducteda party and to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Shell Us Gas & Power LLC)

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