Common use of Ownership of the Incentive Distribution Rights Clause in Contracts

Ownership of the Incentive Distribution Rights. The General Partner owns all of the Incentive Distribution Rights, and such Incentive Distribution Rights have been duly authorized and validly issued in accordance with the Partnership Agreement, and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in the Registration Statement under the caption “Description of the Common Units—Limited Liability”); and the General Partner owns the Incentive Distribution Rights free and clear of all liens, encumbrances (except restrictions on transferability as described in the Prospectus), security interests, equities, charges or claims.

Appears in 2 contracts

Samples: Underwriting Agreement (Penn Virginia Resource Partners L P), Underwriting Agreement (Penn Virginia Resource Partners L P)

AutoNDA by SimpleDocs

Ownership of the Incentive Distribution Rights. The General Partner owns all of the Incentive Distribution Rights, and such Incentive Distribution Rights have been duly authorized and validly issued in accordance with the Partnership Agreement, and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in the Registration Statement Statements under the caption “Description of the Common Units—Limited Liability”); and the General Partner owns the Incentive Distribution Rights free and clear of all liens, encumbrances (except restrictions on transferability as described in the Prospectus), security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (Penn Virginia Resource Partners L P)

Ownership of the Incentive Distribution Rights. The General Partner owns all of the Incentive Distribution Rights, and ; all of such Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement, and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in the Registration Statement under the caption “Description Sections 17-607 and 17-804 of the Common Units—Limited Liability”Delaware LP Act); and the General Partner owns the Incentive Distribution Rights Rights, free and clear of all liens, encumbrances (except restrictions on transferability as described in the Disclosure Package and the Final Prospectus), security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (EV Energy Partners, LP)

Ownership of the Incentive Distribution Rights. The At each Delivery Date the General Partner owns will own all of the Incentive Distribution Rights, and such Incentive Distribution Rights have been will be duly authorized and validly issued in accordance with the Partnership Agreement, and are will be fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in the Registration Statement Prospectus under the caption “Description of the Common UnitsThe Partnership Agreement—Limited Liability”); and the General Partner owns will own the Incentive Distribution Rights free and clear of all liens, encumbrances (except restrictions on transferability as described in the Prospectus), security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (Penn Virginia Resource Partners L P)

AutoNDA by SimpleDocs

Ownership of the Incentive Distribution Rights. The At each Delivery Date the General Partner owns will own all of the Incentive Distribution Rights, and such Incentive Distribution Rights have been will be duly authorized and validly issued in accordance with the Partnership Agreement, and are will be fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in the Registration Statement Prospectus under the caption “Description of the Common Units—"The Partnership Agreement--Limited Liability"); and the General Partner owns will own the Incentive Distribution Rights free and clear of all liens, encumbrances (except restrictions on transferability as described in the Prospectus), security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (Penn Virginia Resource Partners L P)

Ownership of the Incentive Distribution Rights. The General Partner owns all of the Incentive Distribution RightsRights (as such term is defined in the Partnership Agreement), and such Incentive Distribution Rights have been duly authorized and validly issued in accordance with the Partnership Agreement, and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in the Registration Statement under the caption “Description Sections 17-607 and 17-804 of the Common Units—Limited Liability”Delaware LP Act); and the General Partner owns the Incentive Distribution Rights free and clear of all liensLiens, encumbrances (except restrictions on transferability as described in the Prospectus), security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (Penn Virginia Resource Partners L P)

Time is Money Join Law Insider Premium to draft better contracts faster.