Title to Properties and Rights of Way. (a) Each of the MLP Group Entities has defensible title to all material real property and good title to all material tangible personal property owned by the MLP Group Entities and which is sufficient for the operation of their respective businesses as presently conducted, free and clear of all Encumbrances except Permitted Encumbrances.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Pacific Energy Partners Lp), Agreement and Plan of Merger (Plains All American Pipeline Lp)
Title to Properties and Rights of Way. (a) Each of the MLP Group Entities has defensible indefeasible title to all material real property and good title to all material tangible personal property owned by the such MLP Group Entities and Entity, in each case which is sufficient for material to the operation business of their respective businesses as presently conductedsuch MLP Group Entity, free and clear of all Encumbrances except Permitted Encumbrances, except as would not, individually or in the aggregate, constitute an MLP Material Adverse Effect.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Inergy L P), Agreement and Plan of Merger (Inergy Midstream, L.P.)
