Common use of Sufficiency of the Transaction Documents Clause in Contracts

Sufficiency of the Transaction Documents. The Transaction Documents will be legally sufficient to transfer or convey to, or vest in, the Partnership and its subsidiaries satisfactory title to, or valid rights to use or manage, all properties not already held by them that are, individually or in the aggregate, required to enable the Partnership and its subsidiaries to conduct their operations in all material respects as contemplated by the Disclosure Package and the Prospectus, subject to the conditions, reservations, encumbrances and limitations described therein or contained in the Transaction Documents. The Partnership and it subsidiaries, upon execution and delivery of the Transaction Documents, will succeed in all material respects to the assets, properties and liabilities reflected by the pro forma financial statements of the Partnership.

Appears in 2 contracts

Samples: Underwriting Agreement (Oiltanking Partners, L.P.), Underwriting Agreement (Oiltanking Partners, L.P.)

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Sufficiency of the Transaction Documents. The Transaction Documents will be legally sufficient to transfer or convey to, or vest in, to the Partnership and its subsidiaries satisfactory title to, or valid rights to use or manage, manage all properties not already held by them it that are, individually or in the aggregate, required to enable the Partnership and its subsidiaries to conduct their operations in all material respects as contemplated by the Registration Statement, the General Disclosure Package and the Prospectus, subject to the conditions, reservations, encumbrances and limitations described therein or contained in the Transaction Documents. The Partnership and it its subsidiaries, upon execution and delivery of the Transaction Documents, will succeed in all material respects to the business, assets, properties properties, liabilities and liabilities operations reflected by the pro forma financial statements of the Partnership.

Appears in 1 contract

Samples: Underwriting Agreement (Pioneer Southwest Energy Partners L.P.)

Sufficiency of the Transaction Documents. The Transaction Documents will be legally sufficient to transfer or convey to, or vest in, to the Partnership and its subsidiaries satisfactory title to, or valid rights to use or manage, manage all properties not already held by them it that are, individually or in the aggregate, required to enable the Partnership and its subsidiaries to conduct their operations in all material respects as contemplated by the Registration Statement, the General Disclosure Package and the Prospectus, subject to the conditions, reservations, encumbrances and limitations described therein or contained in the Transaction Documents. The Partnership and it subsidiaries, upon execution and delivery of the Transaction Documents, will succeed in all material respects to the business, assets, properties properties, liabilities and liabilities operations reflected by the pro forma financial statements of the Partnership.

Appears in 1 contract

Samples: Purchase Agreement (Universal Compression Partners, L.P.)

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Sufficiency of the Transaction Documents. The Transaction Documents will be legally sufficient to transfer or convey to, or vest in, the Partnership and its subsidiaries satisfactory title to, or valid rights to use or manage, manage all properties not already held by them it that are, individually or in the aggregate, required to enable the Partnership and its subsidiaries to conduct their operations in all material respects as contemplated by the Registration Statement, the General Disclosure Package and the Prospectus, subject to the conditions, reservations, encumbrances and limitations described therein or contained in the Transaction Documents. The Partnership and it its subsidiaries, upon execution and delivery of the Transaction Documents, will succeed in all material respects to the business, assets, properties properties, liabilities and liabilities operations reflected by the pro forma financial statements of the Partnership.

Appears in 1 contract

Samples: Underwriting Agreement (Pioneer Southwest Energy Partners L.P.)

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