Organization; Capitalization. (a) Seller is a limited partnership duly formed, validly existing and in good standing under the Laws of the State of Delaware, and has all requisite power and authority to own, operate and lease its assets and to conduct its business as and where such business is now conducted. Seller is the only member of the Company and is record and beneficial owner of all of the Interest.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (Inergy Midstream, L.P.)
Organization; Capitalization. (a) Seller is a limited partnership corporation duly formedorganized, validly existing and in good standing under the Laws laws of the State of Delaware, Delaware and has all requisite power and authority to own, operate and own or lease the properties used in its assets business and to conduct its carry on such business as and where such business is now presently conducted. Seller is the only member of the Company and is record and beneficial owner of all of the Interest.
Appears in 2 contracts
Samples: Asset Purchase Agreement (WQN, Inc.), Asset Purchase Agreement (Voip Inc)
