Restructuring Common Units. The Restructuring Common Units will be duly authorized and, when issued and delivered to the General Partner in accordance with the terms hereof, will be validly issued, fully paid (to the extent required by the Revised LP Agreement), and non-assessable (subject to Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act), and free and clear of all Encumbrances, except for (i) restrictions on transfer arising under applicable securities Laws and (ii) the applicable terms and conditions of the Organizational Documents of the Partnership. The Restructuring Common Units have been approved for listing on The New York Stock Exchange upon official notice of issuance.
Appears in 2 contracts
Samples: Exchange Agreement (Delek Logistics Partners, LP), Exchange Agreement (Delek US Holdings, Inc.)
Restructuring Common Units. The Restructuring Common Units will be duly authorized and, when issued and delivered to the General Partner in accordance with the terms hereof, will be validly issued, fully paid (to the extent required by the Revised LP Agreement), and non-assessable (subject to Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act), and free and clear of all Encumbrances, except for (i) restrictions on transfer arising under applicable securities Laws and (ii) the applicable terms and conditions of the Organizational Documents of the Partnership. The Restructuring Common Units have been approved for listing on The New York Stock Exchange upon official notice of issuanceUSAC.
Appears in 2 contracts
Samples: Equity Restructuring Agreement (Energy Transfer Equity, L.P.), Equity Restructuring Agreement (USA Compression Partners, LP)