Ownership of Operating Company. PVR Xxxxx owns a 100% membership interest in Penn Virginia Operating Co., LLC, a Delaware limited liability company (the “Operating Company”); such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreement of the Operating Company (the “Operating Company Agreement”) and is fully paid (to the extent required under the Operating Company Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act); and PVR Xxxxx owns such membership interest free and clear of all Liens, other than those pursuant to the Credit Agreement.
Appears in 3 contracts
Samples: Underwriting Agreement (Penn Virginia Corp), Underwriting Agreement (Penn Virginia GP Holdings, L.P.), Underwriting Agreement (Penn Virginia GP Holdings, L.P.)
Ownership of Operating Company. PVR Xxxxx owns a 100% membership interest in Penn Virginia Operating Co., LLC, a Delaware limited liability company (the “Operating Company”); such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreement of the Operating Company (the “Operating Company Agreement”) and is fully paid (to the extent required under the Operating Company Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-303, 18-607 and 18-804 of the Delaware LLC Act); and PVR Xxxxx owns such membership interest free and clear of all Liens, other than those pursuant to the Credit Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (PVR Partners, L P), Terms Agreement (PVR Partners, L. P.)
