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Common use of Ownership of the General Partner Interest in the Partnership Clause in Contracts

Ownership of the General Partner Interest in the Partnership. The General Partner is and, at the Closing Date and each Option Closing Date, if any, will be, the sole general partner of the Partnership, with a 0.1% general partner interest in the Partnership (the “GP Interest”); such GP Interest has been duly authorized and validly issued in accordance with the Partnership Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner is the record holder of such general partner interest free and clear of all Liens.

Appears in 7 contracts

Samples: Underwriting Agreement (NGL Energy Partners LP), Underwriting Agreement (NGL Energy Partners LP), Underwriting Agreement (NGL Energy Partners LP)

Ownership of the General Partner Interest in the Partnership. The General Partner is and, after giving effect to the Formation Transactions, at the Closing Date and each Option Closing Date, if any, will be, the sole general partner of the Partnership, with a 0.1% general partner interest in the Partnership (the “GP Interest”)Partnership; such GP Interest general partner interest has been duly authorized and validly issued in accordance with the Agreement of Limited Partnership of the Partnership, as in effect on the date hereof (the “Partnership Agreement”), and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the Amended and Restated Partnership Agreement; and the General Partner is the record holder of owns such general partner interest free and clear of all Liens.

Appears in 3 contracts

Samples: Underwriting Agreement (QR Energy, LP), Underwriting Agreement (QR Energy, LP), Underwriting Agreement (QR Energy, LP)

Ownership of the General Partner Interest in the Partnership. The General Partner is and, at At the Closing Date and each the Option Closing Date, if anyafter giving effect to the Transactions, the General Partner will be, be the sole general partner of the Partnership, Partnership with a 0.12% general partner interest in the Partnership (the “GP Interest”)interest; such GP Interest has been duly authorized and validly issued in accordance with the Partnership Agreement, and, at the Closing Date and each Option Closing Date, if any, general partner interest will be duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner is the record holder of will own such general partner interest free and clear of all Liensliens, encumbrances, security interests, equities, charges or claims.

Appears in 2 contracts

Samples: Underwriting Agreement (Markwest Energy Partners L P), Underwriting Agreement (Markwest Energy Partners L P)

Ownership of the General Partner Interest in the Partnership. The General Partner is and, at On the Closing Date and each Option Closing Dateany settlement date, if anyafter giving effect to the Transactions, the General Partner will be, be the sole general partner of the Partnership, with a 0.1Partnership and will own 8,834 General Partner Units representing an approximate 0.01% general partner interest in the Partnership (the “GP Interest”); on the Closing Date and any settlement date, such GP Interest has will have been duly and validly authorized and validly issued in accordance with the Partnership Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner is the record holder of will own such general partner interest GP Interest free and clear of all Liens.

Appears in 2 contracts

Samples: Underwriting Agreement (Magellan Midstream Holdings Lp), Underwriting Agreement (Magellan Midstream Holdings Lp)

Ownership of the General Partner Interest in the Partnership. The General Partner is and, at On the Closing Date and each Option Closing Dateany settlement date, if anyafter giving effect to the Transactions, the General Partner will be, be the sole general partner of the Partnership, Partnership with a 0.10.01% general partner interest in the Partnership (the “GP Interest”); such GP Interest has been duly authorized and validly issued in accordance with the Partnership Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the agreement of limited partnership of the Partnership, as amended and/or restated as of the Closing Date (the “Partnership Agreement; ”), and the General Partner is the record holder of will own such general partner interest free and clear of all Liens.

Appears in 2 contracts

Samples: Underwriting Agreement (Enterprise GP Holdings L.P.), Underwriting Agreement (Enterprise GP Holdings L.P.)

Ownership of the General Partner Interest in the Partnership. The General Partner is andis, and at the Closing Date and each Option Additional Closing Date, if any, will be, the sole general partner of the Partnership, Partnership with a 0.1% non-economic general partner interest in the Partnership (the “GP Interest”); such GP Interest has been duly authorized and validly issued in accordance with the Partnership Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner is the record holder of owns such general partner interest GP Interest free and clear of all Liens.

Appears in 2 contracts

Samples: Underwriting Agreement (Cypress Energy Partners, L.P.), Underwriting Agreement (Cypress Energy Partners, L.P.)

Ownership of the General Partner Interest in the Partnership. The General Partner is and, after giving effect to the Pre-Closing Transactions, at the Closing Date and each Option Closing Date, if any, will be, the sole general partner of the Partnership, with a 0.1% general partner interest in the Partnership (the “GP Interest”)Partnership; such GP Interest general partner interest has been duly authorized and validly issued in accordance with the Partnership Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner is the record holder of such general partner interest free and clear of all Liens.

Appears in 2 contracts

Samples: Underwriting Agreement (NGL Energy Partners LP), Underwriting Agreement (NGL Energy Partners LP)

Ownership of the General Partner Interest in the Partnership. The General Partner is and, at At the Closing Date and each the Option Closing Date, if anyafter giving effect to the Transactions, the General Partner will be, be the sole general partner of the Partnership, Partnership with a 0.12% general partner interest in the Partnership (the “GP Interest”)Partnership; such GP Interest has been duly authorized and validly issued in accordance with the Partnership Agreement, and, at the Closing Date and each Option Closing Date, if any, general partner interest will be duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner is the record holder of such will own its general partner interest free and clear of all Liensliens, encumbrances, security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (Crosstex Energy Lp)