Common use of Duly Authorized and Validly Issued Units Clause in Contracts

Duly Authorized and Validly Issued Units. At the Closing Date or the Additional Closing Date, as the case may be, the Firm Units or the Additional Units, as the case may be, and the limited partner interests represented thereby, will be duly authorized in accordance with the Partnership Agreement and, when issued and delivered to the Underwriters against payment therefor in accordance with this Agreement, will be validly issued, 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 or 17-804 of the Delaware LP Act).

Appears in 4 contracts

Samples: Underwriting Agreement (Rhino Resource Partners LP), Underwriting Agreement (Rhino Resource Partners LP), Underwriting Agreement (Rhino Resource Partners LP)

AutoNDA by SimpleDocs

Duly Authorized and Validly Issued Units. At the Closing Date or the and each Additional Closing Date, as the case may beif applicable, the Firm Units or and/or the Additional Units, as the case may be, and the limited partner interests represented thereby, will be duly authorized in accordance with the Partnership Agreement and, when issued and delivered to the Underwriters against payment therefor in accordance with this Agreement, will be validly issued, 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 or 17-804 of the Delaware LP Act).

Appears in 3 contracts

Samples: Underwriting Agreement (GPM Petroleum LP), Underwriting Agreement (GPM Petroleum LP), Underwriting Agreement (Lehigh Gas Partners LP)

AutoNDA by SimpleDocs

Duly Authorized and Validly Issued Units. At the Closing Date or the each Additional Closing Date, as the case may be, the Firm Units or the Additional Units, as the case may be, and the limited partner interests represented thereby, thereby will be duly authorized in accordance with the Partnership Agreement and, when issued and delivered to the Underwriters Underwriter against payment therefor in accordance with this Agreement, will be validly issued, 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 or 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (Rhino Resource Partners LP)

Time is Money Join Law Insider Premium to draft better contracts faster.