Common use of Ownership of the General Partners Clause in Contracts

Ownership of the General Partners. Holdings directly or indirectly owns a 100% membership interest in each of the General Partners; such membership interests have been duly authorized and validly issued in accordance with the limited liability company agreements governing such entity and are fully paid (to the extent required under such limited liability company agreements) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act); and Holdings owns such membership interests free and clear of all liens, encumbrances, security interests, charges or claims.

Ownership of the General Partners. At each Delivery Date, Holdings will directly or indirectly owns own a 100% membership interest in each of the General Partners; such membership interests have been duly authorized and validly issued in accordance with the limited liability company agreements Organizational Agreements governing such entity and are fully paid (to the extent required under such limited liability company agreementsOrganizational Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act); ) and Holdings owns such membership interests free and clear of all liens, encumbrances, security interests, equities, charges or claims.

Ownership of the General Partners. At each Delivery Date, Holdings directly or indirectly owns will own a 100% membership interest in each of the General Partners; such membership interests have been duly authorized and validly issued in accordance with the limited liability company agreements Organizational Agreements governing such entity and are fully paid (to the extent required under such limited liability company agreementsOrganizational Agreement) and nonassessable (except as such nonassessability may be affected by Sections Section 18-607 and 18-804 of the Delaware LLC Act); ) and Holdings owns such membership interests free and clear of all liens, encumbrances, security interests, equities, charges or claims.