Common use of Partnerships and Partnership Interests Clause in Contracts

Partnerships and Partnership Interests. Each Partnership issuing a Partnership Interest, including, without limitation, any Cellular Partnership, is duly organized, currently existing, and in good standing under all applicable Laws; there have been no amendments, modifications, or supplements to any agreement or certificate creating any Partnership or any material contract relating to the Partnerships, of which Secured Party has not been advised in writing; no default or potential default has occurred under the terms of any material contract relating to any Partnership; and no approval or consent of the partners of any Partnership is required as a condition to the validity and enforceability of the Security Interest created hereby or the consummation of the transactions contemplated hereby which has not been duly obtained by Debtor. Debtor has good title to the Partnership Interests free and clear of all Liens and encumbrances (EXCEPT for the Security Interest granted hereby). The Partnership Interests are validly issued, fully paid, and nonassessable and are not subject to statutory, contractual, or other restrictions governing their transfer, ownership, or control, EXCEPT as set forth in the partnership agreements of the Cellular Partnerships or applicable securities Laws.

Partnerships and Partnership Interests. Each To the extent any Collateral consists of Partnership Interests, then each Partnership issuing a Partnership Interest, including, without limitation, any Cellular Partnership, Interest is duly organized, currently existing, and in good standing under all applicable Laws; there have been no amendments, modifications, or supplements to any agreement or certificate creating any Partnership or any material contract relating to the Partnerships, of which Secured Party has not been advised in writing; no default or potential default has occurred under the terms of any material contract relating to any Partnership; and no approval or consent of the partners of any Partnership is required as a condition to the validity and enforceability of the Security Interest created hereby or the consummation of the transactions contemplated hereby which has not been duly obtained by Debtor. Debtor has good title to the Partnership Interests Interests, if any, free and clear of all Liens and encumbrances (EXCEPT for the Security Interest granted hereby). The Partnership Interests Interests, if any, are validly issued, fully paid, and nonassessable and are not subject to statutory, contractual, or other restrictions governing their transfer, ownership, or control, EXCEPT as set forth in the partnership agreements of the Cellular Partnerships or applicable securities Laws.

Partnerships and Partnership Interests. Each Partnership issuing a Partnership Interest, including, without limitation, any Cellular Partnership, is duly organized, currently existing, and in good standing under all applicable Laws; there have been no amendments, modifications, or supplements to any agreement or certificate creating any Partnership or any material contract relating to the Partnerships, of which Secured Party has not been advised in writing; no default or potential default has occurred under the terms of any material contract relating to any Partnership; and no approval or consent of the partners of any Partnership is required as a condition to the validity and enforceability of the Security Interest created hereby or the consummation of the transactions contemplated hereby which has not been duly obtained by Debtor. Debtor has good title to the Partnership Interests free and clear of all Liens and encumbrances (EXCEPT except for the Security Interest granted hereby). The Partnership Interests are validly issued, fully paid, and nonassessable and are not subject to statutory, contractual, or other restrictions governing their transfer, ownership, or control, EXCEPT except as set forth in the partnership agreements of the Cellular Partnerships or applicable securities Laws.