Common use of Sufficiency of the Assets Clause in Contracts

Sufficiency of the Assets. (a) The assets conveyed to the Recipient Parties by the Contributing Parties as of the Closing Date constitute all of the assets (other than the Excluded Assets) related to the ownership, use and operation of the System Assets and are sufficient to permit the Recipient Parties to own and operate the System Assets in the manner the business represented thereby was conducted by the Contributing Parties on the date of this Agreement and immediately prior to the Closing Date.

Appears in 2 contracts

Samples: Contribution Agreement (Western Gas Partners LP), Contribution Agreement (Western Gas Partners LP)

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Sufficiency of the Assets. (a) The assets conveyed to the Recipient Parties by the Contributing Parties as of the Closing Date constitute all of the assets (other than the Excluded AssetsAssets and the Identified Compressors) related to the ownership, use and operation of the System Assets. The System Assets and are sufficient to permit the Recipient Parties to own and and/or operate the System Assets in the manner the business represented thereby was conducted by the Contributing Parties on the date of this Agreement and immediately prior to the Closing Date.

Appears in 1 contract

Samples: Contribution Agreement (Western Gas Partners LP)

Sufficiency of the Assets. (a) The assets conveyed to the Recipient Parties by the Contributing Parties as of the Closing Date constitute all of the assets (other than the Excluded Assets) related to the ownership, use and operation of the System Assets and are sufficient to permit the Recipient Parties to own and operate the System Assets in the manner the business represented thereby was conducted by the Contributing Parties on the date of this Agreement and immediately prior to the Closing Date.the

Appears in 1 contract

Samples: Contribution Agreement

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Sufficiency of the Assets. (a) The assets conveyed to the Recipient Parties by the Contributing Parties as of the Closing Date constitute all of the assets (other than the Excluded Assets) related to the ownership, use and operation of the System Assets. The System Assets and are sufficient to permit the Recipient Parties to own and and/or operate the System Assets in the manner the business represented thereby was conducted by the Contributing Parties on the date of this Agreement and immediately prior to the Closing Date.

Appears in 1 contract

Samples: Contribution Agreement (Anadarko Petroleum Corp)

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