Common use of Ownership of Zydeco Clause in Contracts

Ownership of Zydeco. The Operating Company owns 62.5% of the issued and outstanding membership interests of Zydeco; such membership interests have been duly authorized and validly issued in accordance with the Zydeco LLC Agreement and are fully paid and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act).

Ownership of Zydeco. The After giving effect to the Transactions, the Operating Company owns 62.543.0% of the issued and outstanding membership interests of Zydeco; such membership interests have been duly authorized and validly issued in accordance with the Zydeco LLC Agreement and are fully paid and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act).

Ownership of Zydeco. The Operating Company owns 62.5% of the issued and outstanding membership interests of Zydeco; and the Operating Company owns such membership interests have been duly authorized free and validly issued clear of all Liens (i) in accordance with respect of which a financing statement under the Zydeco LLC Agreement and are fully paid and nonassessable Uniform Commercial Code of the State of Delaware naming the Operating Company as debtor is on file in the office of the Secretary of State of the State of Delaware or (except as ii) otherwise known to such nonassessability may be affected counsel, without independent investigation, other than those created by Sections 18-607 and 18-804 of or arising under the Delaware LLC Act).

Ownership of Zydeco. The After giving effect to the Acquisition, the Operating Company owns 62.592.5% of the issued and outstanding membership interests of Zydeco; such membership interests have been duly authorized and validly issued in accordance with the Zydeco LLC Agreement and are fully paid and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act).