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

Ownership of the General Partner Interest. The General Partner owns a 0.1% general partner interest in the Partnership (the “General Partner Interest”). The General Partner Interest has been duly authorized for issuance and sale, is validly issued in accordance with the Partnership Agreement and is fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such non-assessability may be affected by matters described in Section 30, 41, 51 and 60 of the Xxxxxxxx Islands LP Act and except as may otherwise be provided in the Partnership Agreement); and the General Partner owns the General Partner Interest free and clear of all Liens.

Ownership of the General Partner Interest. The General Partner owns a 0.1% general partner interest in the Partnership (the “General Partner Interest”). The General Partner Interest has been duly authorized for issuance and sale, is validly issued in accordance with the Partnership Agreement and is fully paid (to the extent required under the Partnership Agreement) and nonassessable non-assessable (except as such non-assessability may be affected by matters described in Section 30, 41, 51 and 60 of the Xxxxxxxx Islands LP Act and except as may otherwise be provided in the Partnership AgreementAct); and the General Partner owns the General Partner Interest free and clear of all Liens.

Ownership of the General Partner Interest. The General Partner owns is and, at each Time of Delivery, will be, the sole general partner of the Partnership and is, and at each Time of Delivery will be, the owner of a 0.12.0% general partner interest in the Partnership (the “General Partner Interest”)Partnership. The General Partner Interest 2.0% general partner interest has been duly authorized for issuance and sale, is validly issued in accordance with the Partnership Agreement and is fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such non-assessability may be affected by matters described in Section 30, 41, 51 and 60 of the Xxxxxxxx Islands LP Act and except as may otherwise be provided in the Partnership Agreement); and the General Partner owns all the General Partner Interest general partner units, and at each Time of Delivery, will own the 2.0% general partner interest, in each case free and clear of all Liens.

Ownership of the General Partner Interest. The General Partner owns is and, at each Time of Delivery, will be, the sole general partner of the Partnership and at each Time of Delivery will be the owner of a 0.12.0% general partner interest in the Partnership (the “General Partner Interest”)Partnership. The General Partner Interest 2.0% general partner interest has been duly authorized for issuance and sale, is will be validly issued at the First Time of Delivery in accordance with the Partnership Agreement and is be fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such non-assessability may be affected by matters described in Section 30, 41, 51 and 60 of the Xxxxxxxx Islands LP Act and except as may otherwise be provided in the Partnership Agreement); and the General Partner owns all the General Partner Interest general partner interests, and at each Time of Delivery, will own the 2.0% general partner interest, in each case free and clear of all Liens.

Ownership of the General Partner Interest. The General Partner owns a 0.1% general partner interest in owns, and after giving effect to the Partnership (Transactions, will own, the “General Partner Interest”). The General Partner Interest has been duly authorized for issuance and sale, is validly issued in accordance with the Partnership Agreement and is fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such non-assessability may be affected by matters described in Section 30Xxxxxxx 00, 4100, 51 and 60 of the 00 xxx 00 xx xxx Xxxxxxxx Islands Xxxxxxx LP Act and except as may otherwise be provided in the Partnership AgreementAct); and the General Partner owns the General Partner Interest free and clear of all Liens.