Common use of Ownership of Shreveport Lubes and Shreveport Fuels Clause in Contracts

Ownership of Shreveport Lubes and Shreveport Fuels. Calumet Shreveport owns of record a 100% membership interest in each of Shreveport Lubes and Shreveport Fuels; such membership interests have been duly authorized and validly issued in accordance with the respective limited liability company agreements of Shreveport Lubes and Shreveport Fuels (as the same may be amended or restated at or prior to each Time of Delivery, the “Shreveport Subsidiary Agreements”) and are fully paid (to the extent required under the Shreveport Subsidiary Agreements) and nonassessable (except as such nonassessability may be affected by IC 23-18-5-1(c) and IC 23-18-5-7 in the Indiana LLC Act); and Calumet Shreveport owns of record such membership interests free and clear of all liens, encumbrances (except restrictions on transferability as described in the Pricing Disclosure Package and the Prospectus or otherwise contained in the Shreveport Subsidiary Agreements), security interests, charges or claims, other than those arising under the Credit Agreement and the ISDA Agreements.

Ownership of Shreveport Lubes and Shreveport Fuels. Calumet Shreveport owns of record a 100% membership interest in each of Shreveport Lubes and Shreveport Fuels; such membership interests have been duly authorized and validly issued in accordance with the respective limited liability company agreements of Shreveport Lubes and Shreveport Fuels (as the same may be amended or restated at or prior to each Time of Deliverythe Closing Date, the “Shreveport Subsidiary Agreements”) and are fully paid (to the extent required under the Shreveport Subsidiary Agreements) and nonassessable (except as such nonassessability may be affected by IC 23-18-5-1(c) and IC 23-18-5-7 in the Indiana LLC Act); and Calumet Shreveport owns of record such membership interests free and clear of all liens, encumbrances (except restrictions on transferability as described in the Pricing Disclosure Package Time of Sale Information and the Prospectus Offering Memorandum or otherwise contained in the Shreveport Subsidiary Agreements), security interests, charges or claims, other than those arising under the Credit Agreement and the ISDA Agreements.

Ownership of Shreveport Lubes and Shreveport Fuels. Calumet Shreveport owns of record a 100% membership interest in each of Shreveport Lubes and Shreveport Fuels; such membership interests have been duly authorized and validly issued in accordance with the respective limited liability company agreements of Shreveport Lubes and Shreveport Fuels (as the same may be amended or restated at or prior to each Time of Delivery, the “Shreveport Subsidiary Agreements”) and are fully paid (to the extent required under the Shreveport Subsidiary Agreements) and nonassessable (except as such nonassessability may be affected by IC 23-18-5-1(c) and IC 23-18-5-7 in the Indiana LLC Act); and Calumet Shreveport owns of record such membership interests free and clear of all liens, encumbrances (except restrictions on transferability as described in the Pricing Disclosure Package and the Prospectus or otherwise contained in the Shreveport Subsidiary Agreements), security interests, charges or claims, other than those arising under the Credit Agreement Agreements and the ISDA Agreements.

Ownership of Shreveport Lubes and Shreveport Fuels. Calumet Shreveport owns of record a 100% membership interest in each of Shreveport Lubes and Shreveport Fuels; such membership interests have been duly authorized and validly issued in accordance with the respective limited liability company agreements of Shreveport Lubes and Shreveport Fuels (as the same may be amended or restated at or prior to each Time of Deliverythe Closing Date, the “Shreveport Subsidiary Agreements”) and are fully paid (to the extent required under the Shreveport Subsidiary Agreements) and nonassessable (except as such nonassessability may be affected by IC 23-18-5-1(c) and IC 23-18-5-7 in the Indiana LLC Act); and Calumet Shreveport owns of record such membership interests free and clear of all liens, encumbrances (except restrictions on transferability as described in the Pricing Disclosure Package Time of Sale Information and the Prospectus Offering Memorandum or otherwise contained in the Shreveport Subsidiary Agreements), security interests, charges or claims, other than those arising under the Credit Agreement Agreements and the ISDA Agreements.