Common use of Limited Partner Interest Clause in Contracts

Limited Partner Interest. The Partnership is the sole limited partner of GP Holdings, with a 100% limited partner interest in GP Holdings; such limited partner interest is the only limited partner interest of GP Holdings. that is issued and outstanding; and such limited partner interest has been duly authorized and validly issued pursuant to the agreement of limited partnership of GP Holdings, as amended and restated to the date hereof, is fully paid and non-assessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA) and is owned by the Partnership free and clear of any Liens.

Appears in 6 contracts

Samples: Underwriting Agreement (Buckeye Partners, L.P.), Underwriting Agreement (Buckeye Partners, L.P.), Underwriting Agreement (Buckeye Partners, L.P.)

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