Common use of Ownership of General Partner Interests Clause in Contracts

Ownership of General Partner Interests. At each Delivery Date the General Partner will be the sole general partner of the Partnership with a 2.0% general partner interest in the Partnership; such general partner interest will be duly authorized and validly issued in accordance with the partnership agreement of the Partnership (as the same may be amended and restated at or prior to each Delivery Date, the "Partnership Agreement"); and the General Partner will own such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims.

Appears in 3 contracts

Samples: Underwriting Agreement (Penn Virginia Corp), Underwriting Agreement (Sunoco Logistics Partners Lp), Underwriting Agreement (Penn Virginia Resource Partners L P)

AutoNDA by SimpleDocs

Ownership of General Partner Interests. At each Delivery Date the General Partner will be the sole general partner of the Partnership with a 2.0% general partner interest in the Partnership; such general partner interest will be duly authorized and validly issued in accordance with the partnership agreement of the Partnership (as the same may be amended and restated at or prior to each Delivery Date, the "Partnership Agreement"); and the General Partner will own such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (Penn Virginia Resource Partners L P)

AutoNDA by SimpleDocs

Ownership of General Partner Interests. At each the Delivery Date Date, the General Partner will be the sole general partner of the Partnership with a 2.0% general partner interest in the Partnership; such general partner interest will be duly authorized and validly issued in accordance with the partnership agreement of the Partnership (as the same may be amended and restated at or prior to each the Delivery Date, the "Partnership Agreement"); and the General Partner will own such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims.

Appears in 1 contract

Samples: Purchase Agreement (Sunoco Logistics Partners Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!