Qualification; Organization. (a) Each of the Parent Parties is a legal entity validly existing and in good standing under the Laws of its respective jurisdiction of formation. Each of the Parent Parties has all requisite limited liability company power and authority to own, lease and operate its properties and assets and to carry on its business as presently conducted in all material respects.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Hiland Holdings GP, LP), Agreement and Plan of Merger (Hiland Partners, LP), Agreement and Plan of Merger (Hiland Holdings GP, LP)
Qualification; Organization. (a) Each of the Parent Parties is a legal entity validly existing and in good standing under the Laws of its respective jurisdiction of formation. Each of the Parent Parties has all requisite limited partnership, limited liability company or corporate, as the case may be, power and authority to own, lease and operate its properties and assets and to carry on its business as presently conducted in all material respectsconducted.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (NTS Realty Holdings Lp), Agreement and Plan of Merger (NTS Realty Holdings Lp)
