Common use of Partnership or Limited Liability Company Power Clause in Contracts

Partnership or Limited Liability Company Power. Such party and each of its Subsidiaries has the partnership or limited liability company power and authority to carry on its business as it is now being conducted and to own or lease, as applicable, all its properties and assets; and it has the partnership or limited liability company power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.

Appears in 3 contracts

Samples: Merger Agreement (Crestwood Midstream Partners LP), Merger Agreement (Genesis Energy Lp), Merger Agreement (Penn Virginia GP Holdings, L.P.)

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Partnership or Limited Liability Company Power. Such party and each of its Subsidiaries has the partnership or limited liability company power and authority to carry on its business as it is now being conducted and to own or lease, as applicable, all its properties and assets; and it has the partnership or limited liability company power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Inergy Holdings, L.P.), Merger Agreement (Inergy L P), Merger Agreement (Buckeye GP Holdings L.P.)

Partnership or Limited Liability Company Power. Such party Party and each of its Subsidiaries has the partnership or limited liability company power and authority to carry on its business as it is now being conducted and to own or lease, as applicable, all its properties and assets; and it and any of its Subsidiaries party hereto has the partnership or limited liability company power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.

Appears in 2 contracts

Samples: Merger Agreement (NuStar Energy L.P.), Agreement and Plan of Merger

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Partnership or Limited Liability Company Power. Such party and each of its Subsidiaries has the partnership or limited liability company power and authority to carry on its business as it is now being conducted and to own or lease, as applicable, all its properties and assets; and it has the partnership or limited liability company power and authority authority, as applicable, to execute, deliver and perform its obligations under this Agreement and to consummate the transactions matters contemplated hereby.

Appears in 1 contract

Samples: Simplification of Capital Structure Agreement (Magellan Midstream Partners Lp)

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