Common use of Organization of Holdings Clause in Contracts

Organization of Holdings. Holdings is a Delaware limited partnership formed on April 2, 2012. Holdings is duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to conduct business in each jurisdiction where the nature of its business or the ownership of its properties require it to be qualified. Operations is not in breach or default under the terms of the Holdings Partnership agreement.

Appears in 2 contracts

Samples: Partnership Interests Purchase and Contribution Agreement, Partnership Interests Purchase and Contribution Agreement (MPLX Lp)

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Organization of Holdings. Holdings is a Delaware limited partnership formed on April 2, 2012. Holdings is duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to conduct business in each jurisdiction where the nature of its business or the ownership of its properties require it to be qualified. Operations is not in breach or default under the terms of the Holdings Partnership agreement.

Appears in 1 contract

Samples: Partnership Interests Purchase Agreement (MPLX Lp)

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Organization of Holdings. Holdings is a Delaware limited partnership formed on April 2, 2012. To the knowledge of Investment, Holdings is duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to conduct business in each jurisdiction where the nature of its business or the ownership of its properties require it to be qualified. Operations is not in breach or default under the terms of the Holdings Partnership agreement.

Appears in 1 contract

Samples: Partnership Interests Purchase Agreement (MPLX Lp)

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