Common use of Status and ownership Clause in Contracts

Status and ownership. (a) the Borrower is a duly constituted and properly incorporated private company with limited liability under Norwegian law. (b) the General Partner is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, wholly-owned by the Sponsor. (c) KNOT Offshore Partners LP is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, owned at least33.3% by the Sponsor (directly or indirectly). (d) KNOT Shuttle Tankers AS is a duly constituted and properly incorporated company with limited liability under Norwegian law, owned 100% by KNOT Offshore Partners LP (directly or indirectly).

Status and ownership. (a) the Borrower is a duly constituted and properly incorporated private company with limited liability under Norwegian law. (b) the General Partner is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, wholly-wholly- owned by the Sponsor. (c) KNOT Offshore Partners LP is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, owned at least33.3least 25% by the Sponsor (directly or indirectly). (d) KNOT Shuttle Tankers AS is a duly constituted and properly incorporated company with limited liability under Norwegian law, owned 100% by KNOT Offshore Partners LP (directly or indirectly).

Status and ownership. (a) the Borrower is a duly constituted and properly incorporated private company with limited liability under Norwegian law. (b) the General Partner is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, wholly-owned by the Sponsor. (c) KNOT Offshore Partners LP is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, owned at least33.3least 33.3% by the Sponsor (directly or indirectly). (d) KNOT Shuttle Tankers AS is a duly constituted and properly incorporated company with limited liability under Norwegian law, owned 100% by KNOT Offshore Partners LP (directly or indirectly).

Status and ownership. (a) the Borrower is a duly constituted and properly incorporated private company with limited liability under Norwegian law. (b) the General Partner is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, wholly-owned by the Sponsor. (c) KNOT Offshore Partners LP is a duly constituted and properly incorporated company with limited liability under Xxxxxxxx Islands law, owned at least33.3least 25% by the Sponsor (directly or indirectly). (d) KNOT Shuttle Tankers AS is a duly constituted and properly incorporated company with limited liability under Norwegian law, owned 100% by KNOT Offshore Partners LP (directly or indirectly).