Common use of Ownership of Reseller Clause in Contracts

Ownership of Reseller. At each Time of Delivery, after giving effect to the Transactions, Calumet will own 100% of the capital stock of Reseller; such capital stock will be duly authorized and validly issued in accordance with the charter and bylaws of Reseller (as the same may be amended or restated at or prior to each Time of Delivery, the “Reseller Charter Documents”) and will be fully paid and nonassessable; and Calumet will own such capital stock free and clear of all liens, encumbrances, security interests, charges or claims, other than those arising under the Credit Agreements.

Ownership of Reseller. At each Time of Delivery, after giving effect to the Transactions, Calumet will own owns 100% of the capital stock of Reseller; such capital stock will be is duly authorized and validly issued in accordance with the charter and bylaws of Reseller (as the same may be amended or restated at or prior to each Time of Delivery, the “Reseller Charter Documents”) and will be is fully paid and nonassessable; and Calumet will own owns such capital stock free and clear of all liens, encumbrances, security interests, charges or claims, other than those arising under the Credit Agreements.

Ownership of Reseller. At each Time of Delivery, after giving effect to the Transactions, Calumet will own owns 100% of the capital stock of Reseller; such capital stock will be is duly authorized and validly issued in accordance with the charter and bylaws of Reseller (as the same may be amended or restated at or prior to each Time of Delivery, the “Reseller Charter Documents”) and will be is fully paid and nonassessable; and Calumet will own owns such capital stock free and clear of all liens, encumbrances, security interests, charges or claims, other than those arising under the Credit AgreementsAgreements and the ISDA Agreement.

Ownership of Reseller. At each Time of Delivery, after giving effect to the Transactions, Calumet will own owns 100% of the capital stock of Reseller; such capital stock will be is duly authorized and validly issued in accordance with the charter and bylaws of Reseller (as the same may be amended or restated at or prior to each Time of Delivery, the “Reseller Charter Documents”) and will be is fully paid and nonassessable; and Calumet will own owns such capital stock free and clear of all liens, encumbrances, security interests, charges or claims, other than those arising under the Credit Agreements.