Common use of Ownership of OPCO Clause in Contracts

Ownership of OPCO. OpCo GP owns the non-economic general partner interest in OpCo, and Summit Midstream owns a 99% limited partnership interest in OpCo; such partnership interests have been duly authorized and validly issued in accordance with the agreement of limited partnership of OpCo (such agreement, together with any amendments and/or restatements thereof, the “OpCo Partnership Agreement”) and, with respect to Summit Midstream’s limited partnership interest in OpCo, are fully paid (to the extent required under the OpCo Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act); and OpCo GP and Summit Midstream each own their respective partnership interests free and clear of all Liens, except for (i) restrictions on transferability contained in the OpCo Partnership Agreement or as described in the Registration Statement, the Disclosure Package and the Prospectus, if any, and (ii) Liens permitted or arising under or in connection with the Revolving Credit Agreement.