Common use of Descriptions and Summaries Clause in Contracts

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Resources Partners LP by Employee Benefit Plans” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, the Delaware LLC Act or the DGCL, any legal and governmental proceedings or any contracts and other documents, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus under “Business—Safety and Maintenance,” “Business—Regulation” and “Business—Environmental Regulations” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on DistributionsPolicy,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and “Underwriting” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, the Delaware LLC Act or the DGCL, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus under “Business—Safety and MaintenanceMaintenance Regulation,” “Business—RegulationRegulation of Operations” and “Business—Environmental RegulationsMatters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary DutiesPolicy,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and under the caption “Certain Relationships and Related Transactions, and Director Independence,” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2011 (“2011 Annual Report”) insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2011 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulation of Operations” and “Business—Environmental RegulationsEnvironmental, Health and Safety Matters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary DutiesPolicy,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and under the caption “Certain Relationships and Related Transactions, and Director Independence,” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2014 (“2014 Annual Report”) insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2014 Annual Report under “Business—Safety and MaintenanceRegulation of Operations,” “Business—Regulation” and “Business—Environmental Regulationsand Operational Health and Safety Matters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary DutiesPolicy,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and under the caption “Certain Relationships and Related Transactions, and Director Independence,” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2010 (“2010 Annual Report”) insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2010 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulation of Operations” and “Business—Environmental RegulationsEnvironmental, Health and Safety Matters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary DutiesPolicy,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and under the caption “Certain Relationships and Related Transactions, and Director Independence,” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2014 (“2014 Annual Report”) insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2014 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulation of Operations” and “Business—Environmental Regulationsand Operational Health and Safety Matters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package most recent Preliminary Prospectus under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party TransactionsTransactions and Director Independence,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Resources Partners Energy Partners, LP by Employee Benefit Plans” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documents, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2008 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulations” and “Business—Environmental RegulationsMatters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary DutiesPolicy,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and under the caption “Certain Relationships and Related Transactions, and Director Independence,” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2010 (“2010 Annual Report”) insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2010 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulation of Operations” and “Business—Environmental RegulationsEnvironmental, Health and Safety Matters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included or incorporated by reference in the Registration Statement and the Disclosure Package most recent Preliminary Prospectus under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions, and Director Independence,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Resources Partners LP by Employee Benefit PlansProvisions of Our Partnership Agreement Relating to Cash Distributions,” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documents, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2011 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulations” and “Business—Environmental RegulationsMatters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary DutiesPolicy,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and under the caption “Certain Relationships and Related Transactions, and Director Independence,” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2013 (“2013 Annual Report”) insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2013 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulation of Operations” and “Business—Environmental Regulationsand Operational Health and Safety Matters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and “Underwriting” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, the Delaware LLC Act or the DGCL, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus under “Business—Safety and MaintenanceMaintenance Regulation,” “Business—RegulationRegulation of Operations” and “Business—Environmental RegulationsMatters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included or incorporated by reference in the Registration Statement and the Disclosure Package Prospectus under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions, and Director Independence,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Resources Partners LP by Employee Benefit PlansProvisions of Our Partnership Agreement Relating to Cash Distributions,” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documents, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2014 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulations” and “Business—Environmental RegulationsMatters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary DutiesPolicy,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and under the caption “Certain Relationships and Related Transactions, and Director Independence,” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2011 (“2011 Annual Report”) insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documentscontracts, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2011 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulation of Operations” and “Business—Environmental RegulationsEnvironmental, Health and Safety Matters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.

Descriptions and Summaries. The statements included in the Registration Statement and the Disclosure Package under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Targa Resources Partners LP by Employee Benefit Plans” and “Underwriting” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, the Delaware LLC Act or the DGCL, any legal and governmental proceedings or any contracts and other documents, constitute accurate and fair summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus under “Business—Safety and MaintenanceMaintenance Regulation,” “Business—RegulationRegulation of Operations” and “Business—Environmental RegulationsMatters” constitute accurate and fair summaries of the terms of such statutes, rules and regulations in all material respectsregulations.

Descriptions and Summaries. The statements included or incorporated by reference in the Registration Statement and the Disclosure Package most recent Preliminary Prospectus under the captions “Our Cash Distribution Policy and Restrictions on Distributions,” “Certain Relationships and Related Party Transactions, and Director Independence,” “Conflicts of Interest and Fiduciary Duties,” “The Partnership Agreement,” and “Investment in Spectra Resources Partners LP by Employee Benefit PlansProvisions of Our Partnership Agreement Relating to Cash Distributions,” insofar as they purport to constitute summaries of the terms of federal or Texas statutes, rules or regulations or the Delaware LP Act, Act or the Delaware LLC Act or the DGCLAct, any legal and governmental proceedings or any contracts and other documents, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects. The description of the federal statutes, rules and regulations set forth in the Prospectus 2012 Annual Report under “Business—Safety and Maintenance,” “Business—RegulationRegulations” and “Business—Environmental RegulationsMatters” constitute accurate summaries of the terms of such statutes, rules and regulations in all material respects.