Enforceability of the Operative Agreements. The Operative Agreements have been duly authorized, executed and delivered by the Delaware EQT Entities that are parties thereto, and the Partnership Agreement, the GP LLC Agreement, the Operating Company LLC Agreement, the Equitrans Services LLC Agreement and the New Credit Agreement, assuming the due authorization, execution and delivery by the other parties thereto, are valid and legally binding agreements of the EQT Entities that are parties thereto, enforceable against such EQT Entities that are parties thereto in accordance with their terms; provided that, with respect to each such agreement, the enforceability thereof may be limited by (i) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and (ii) public policy, applicable law relating to fiduciary duties and indemnification and an implied covenant of good faith and fair dealing.
Enforceability of the Operative Agreements. The Operative Agreements have been duly authorized, executed and delivered by each of the Delaware BP Entities that are parties thereto, and the Operative Agreements, assuming the due authorization, execution and delivery by the other parties thereto, are valid and legally binding agreements of the Delaware BP Entities that are parties thereto, enforceable against such Delaware BP Entities that are parties thereto in accordance with their terms; provided that, with respect to each such agreement, the enforceability thereof may be limited by (i) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and (ii) public policy, applicable law relating to fiduciary duties and indemnification and an implied covenant of good faith and fair dealing.
Enforceability of the Operative Agreements. Each of the Operative Agreements has been duly authorized, executed and delivered by the Company, KEP or VOC Partners, as applicable, and is a valid and legally binding agreement of the Company, KEP or VOC Partners, as applicable, enforceable against the Company, KEP or VOC Partners in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
Enforceability of the Operative Agreements. Each of the Operative Agreements to which the Trust is a party has been duly authorized by the Trust and has been, or as of the Closing Date will be, duly executed and delivered by the Trust, as applicable, and when duly executed and delivered by the other parties thereto, will constitute a valid and legally binding agreement of the Trust, enforceable against the Trust in accordance with its terms, except to the extent enforceability may be limited by (i) the application of bankruptcy, reorganization, insolvency and other laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
Enforceability of the Operative Agreements. Each of the Operative Agreements to which a Company Party is a party has been duly authorized by the such Company Party and has been, or as of the Closing Date will be, duly executed and delivered by such Company Party, as applicable, and when duly executed and delivered by the other parties thereto will constitute a valid and legally binding agreement of such Company Party, enforceable against such Company Party in accordance with its terms, except to the extent enforceability may be limited by (i) the application of bankruptcy, reorganization, insolvency and other laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). The holders of the Trust Units are entitled to the benefits of the Trust Agreement.
Enforceability of the Operative Agreements. Each of the Operative Agreements to which the Trust is a party has been duly authorized, executed and delivered by the Trustee or the Delaware Trustee, on behalf of the Trust, and is a valid and legally binding agreement of the Trust and the Trustee, enforceable against each of the Trust and the Trustee in accordance with each of its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
Enforceability of the Operative Agreements. The Operative Agreements to which Lion Oil is a party have been duly authorized, executed and delivered by Lion Oil, and such Operative Agreements, assuming the due authorization, execution and delivery by the other parties thereto, are valid and legally binding agreements of Lion Oil, enforceable against Lion Oil in accordance with their terms; provided that, with respect to each such agreement, the enforceability thereof may be limited by (i) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (ii) public policy, applicable law relating to fiduciary duties and indemnification and an implied covenant of good faith and fair dealing.
Enforceability of the Operative Agreements. Each of the Partnership Agreement, the GP LLC Agreement and the OLLC LLC Agreement (collectively, the “Operative Agreements”) have been duly authorized by all necessary limited partnership or limited liability company action, as applicable, on the part of the Valero Entities party thereto; each of the Operative Agreements have been duly executed and delivered by each of the Valero Entities party thereto; and, assuming the due authorization, execution and delivery by the other parties thereto, each of the Operative Agreements are valid and legally binding agreements of the Valero Entities party thereto, enforceable against such Valero Entities in accordance with their terms; provided that, with respect to each such agreement, the enforceability thereof may be limited by (i) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and (ii) public policy, applicable law relating to fiduciary duties and indemnification and an implied covenant of good faith and fair dealing.
