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Common use of No Effect Clause in Contracts

No Effect. Failure by the Company to comply with any of the obligations set forth above shall not affect the status of the Company as a separate legal entity, with its separate assets and separate liabilities, or restrict or limit the Company from engaging or contracting with the SemGroup Entities for the provision of services or the purchase or sale of products.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Rose Rock Midstream, L.P.), Limited Liability Company Agreement (Rose Rock Midstream, L.P.)

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No Effect. Failure by the Company company to comply with any of the obligations set forth above shall not affect the status of the Company as a separate legal entity, with its separate assets and separate liabilities, liabilities or restrict or limit the Company from engaging or contracting with the SemGroup Entities for the provision of services or the purchase or sale of products, whether under the Omnibus Agreement or otherwise.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (SemGroup Energy Partners, L.P.), Limited Liability Company Agreement (SemGroup Energy Partners, L.P.)

No Effect. Failure by the Company to comply with any of the obligations set forth above shall not affect the status of the Company as a separate legal entity, with its separate assets and separate liabilities, liabilities or restrict or limit the Company from engaging or contracting with the SemGroup Entities SESPC and its Affiliates for the provision of services or the purchase or sale of products, whether under the Omnibus Agreement or otherwise.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Spectra Energy Partners, LP)

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No Effect. Failure by the Company to comply with any of the obligations set forth above shall not affect the status of the Company as a separate legal entity, with its separate assets and separate liabilities, liabilities or restrict or limit the Company from engaging or contracting with the SemGroup Entities EnerVest and its Affiliates for the provision of services or the purchase or sale of products, whether under the Omnibus Agreement or otherwise.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (EV Energy Partners, LP), Limited Liability Company Agreement (EV Energy Partners, LP)