Common use of Ownership of NGL Clause in Contracts

Ownership of NGL. The Partnership is the sole member of NGL, with a limited liability company interest in NGL of 100%; such limited liability company interests are the only limited liability company interests of NGL issued and outstanding; all of the outstanding limited liability company interests of NGL have been duly authorized and validly issued and are fully paid and nonassessable, and such limited liability company interests of NGL are owned by the Partnership free and clear of any Liens.

Ownership of NGL. The Partnership is the sole member of NGL, with a limited liability company interest in NGL of 100%; such limited liability company interests are interest is the only limited liability company interests interest of NGL that is issued and outstanding; all of the outstanding and such limited liability company interests of NGL have interest has been duly authorized and validly issued and are issued, is fully paid and nonassessable, nonassessable and such limited liability company interests of NGL are is owned by the Partnership free and clear of any Liens.