Common use of Ownership of the LP Subsidiaries Clause in Contracts

Ownership of the LP Subsidiaries. (i) MNGL LLC is the sole general partner of each of MAP LP, MAS LP, MPH LP and MTH LP (the “LP Subsidiaries”) with a 0.001% general partner interest in each of the LP Subsidiaries; each such general partner interest has been duly authorized and validly issued in accordance with each of the respective agreements of limited partnership of each of the LP Subsidiaries (as each may be amended and restated on or prior to the Delivery Date, the “LP Subsidiary Partnership Agreements”); and MNGL LLC owns each such general partner interest free and clear of all Liens.

Appears in 5 contracts

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

AutoNDA by SimpleDocs

Ownership of the LP Subsidiaries. (i) MNGL LLC is the sole general partner of each of MAP LP, MAS LP, MPH LP and MTH LP (the “LP Subsidiaries”) with a 0.001% general partner interest in each of the LP Subsidiaries; each such general partner interest has been duly authorized and validly issued in accordance with each of the respective agreements of limited partnership of each of the LP Subsidiaries (as each may be amended and restated on or prior to the any Delivery Date, the “LP Subsidiary Partnership Agreements”); and MNGL LLC owns each such general partner interest free and clear of all Liens.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Ownership of the LP Subsidiaries. (i) MNGL LLC is the sole general partner of each of MAP LP, MAS LP, MPH LP and MTH LP (the "LP Subsidiaries") with a 0.001% general partner interest in each of the LP Subsidiaries; each such general partner interest has been duly authorized and validly issued in accordance with each of the respective agreements of limited partnership of each of the LP Subsidiaries (as each may be amended and restated on or prior to the any Delivery Date, the "LP Subsidiary Partnership Agreements"); and MNGL LLC owns each such general partner interest free and clear of all Liens.

Appears in 1 contract

Samples: Magellan Midstream Partners Lp

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