Common use of Organization; Ownership; Preemptive Rights Clause in Contracts

Organization; Ownership; Preemptive Rights. (a) VTDC is a corporation duly incorporated and validly existing, under the Applicable Laws of the State of Delaware. VTDC has full corporate power and authority to carry on its business and to own and use the assets owned or operated by it and is in good standing under the Applicable Laws of each jurisdiction where such qualification is required, except where the lack of such qualification, individually or in the aggregate, would not have a Material Adverse Effect with respect to VTDC, the Business or the Subject Entities, taken as a whole.

Appears in 3 contracts

Samples: Contribution Agreement (Valero Energy Partners Lp), Transaction Agreement (Valero Energy Partners Lp), Contribution Agreement

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Organization; Ownership; Preemptive Rights. (a) VTDC is a corporation duly incorporated and validly existing, under the Applicable Laws of the State of Delaware. VTDC has full corporate power and authority to carry on its business and to own and use the assets owned or operated by it and is in good standing under the Applicable Laws of each jurisdiction where such qualification is required, except where the lack of such qualification, individually or in the aggregate, would not have a Material Adverse Effect with respect to VTDC, the Business or the Subject Contributed Entities, taken as a whole.

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement (Valero Energy Partners Lp)

Organization; Ownership; Preemptive Rights. (a) VTDC is a corporation duly incorporated and validly existing, under the Applicable Laws of the State of Delaware. VTDC has full corporate power and authority to carry on its business and to own and use the assets owned or operated by it and is in good standing under the Applicable Laws of each jurisdiction where such qualification is required, except where the lack of such qualification, individually or in the aggregate, would not have a Material Adverse Effect with respect to VTDC, the Business Valero XxXxx or the Subject Entities, taken as a wholeBusiness.

Appears in 2 contracts

Samples: Contribution Agreement (Valero Energy Partners Lp), Contribution Agreement

Organization; Ownership; Preemptive Rights. (a) VTDC is a corporation duly incorporated and validly existing, under the Applicable Laws of the State of Delaware. VTDC has full corporate power and authority to carry on its business and to own and use the assets owned or operated by it and is in good standing under the Applicable Laws of each jurisdiction where such qualification is required, except where the lack of such qualification, individually or in the aggregate, would not have a Material Adverse Effect with respect to VTDC, the Business or the Subject EntitiesParkway Pipeline, taken as a whole.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Valero Energy Partners Lp)

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Organization; Ownership; Preemptive Rights. (a) VTDC is a corporation duly incorporated and validly existing, under the Applicable Laws of the State of Delaware. VTDC has full corporate power and authority to carry on its business and to own and use the assets owned or operated by it and is in good standing under the Applicable Laws of each jurisdiction where such qualification is required, except where the lack of such qualification, individually or in the aggregate, would not have a Material Adverse Effect with respect to VTDC, the Business or the Subject EntitiesValero Port Xxxxxx, taken as a whole.

Appears in 1 contract

Samples: Contribution Agreement (Valero Energy Partners Lp)

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