Common use of Ownership of Mars Clause in Contracts

Ownership of Mars. The Operating Company owns 28.6% of the issued and outstanding general partner interests of Mars; such general partner interests have been duly authorized and validly issued and are fully paid and nonassessable.

Ownership of Mars. The After giving effect to the Transactions, the Operating Company owns 28.6% of the issued and outstanding general partner interests of Mars; such general partner interests have been duly authorized and validly issued and are fully paid and nonassessable.

Ownership of Mars. The Operating Company owns 28.6% of the issued and outstanding general partner interests of Mars; and the Operating Company owns such general partner interests have been duly authorized free and validly issued clear of all Liens (except for restrictions on transferability contained in the applicable partnership agreement or as described in the Registration Statement, the Pricing Disclosure Package and are fully paid and nonassessablethe Prospectus) in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Operating Company as debtor is on file in the office of the Secretary of State of the State of Delaware.

Ownership of Mars. The Operating Company owns 28.6% of the issued and outstanding general partner interests of Mars; and the Operating Company owns such general partner interests have been duly authorized free and validly issued and are fully paid and nonassessableclear of all Liens (i) in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Operating Company as debtor is on file in the office of the Secretary of State of the State of Delaware or (ii) otherwise known to such counsel, without independent investigation, other than those created by or arising under the Texas General Partnership Law.