Title to Units. The Selling Unitholder has, and immediately prior to any Delivery Date on which the Selling Unitholder is selling Units, the Selling Unitholder will have, good and valid title to, or a valid “security entitlement” within the meaning of Section 8-501 of the New York Uniform Commercial Code (the “UCC”) in respect of, the Units to be sold by the Selling Unitholder hereunder on such Delivery Date, free and clear of all Liens.
Appears in 2 contracts
Samples: Underwriting Agreement (Penn Virginia GP Holdings, L.P.), Underwriting Agreement (Penn Virginia GP Holdings, L.P.)
Title to Units. The Selling Unitholder hasUnitholders have, and immediately prior to any the Delivery Date on which the Selling Unitholder is selling Units, the Selling Unitholder Unitholders will have, good and valid title to, or a valid “security entitlement” within the meaning of Section 8-501 of the New York Uniform Commercial Code (the “UCC”) in respect of, the Units to be sold by the Selling Unitholder Unitholders hereunder on such the Delivery Date, free and clear of all Liens.
Appears in 1 contract
Title to Units. The Selling Unitholder has, and immediately prior to any the applicable Delivery Date on which the Selling Unitholder is selling Units, the Selling Unitholder will have, good and valid title to, or a valid “security entitlement” within the meaning of Section 8-501 of the New York Uniform Commercial Code (the “UCC”) in respect of, the Units to be sold by the Selling Unitholder hereunder on such the applicable Delivery Date, free and clear of all Liensliens, encumbrances, security interests, charges or claims, except for any liens, encumbrances or claims arising under the Custody Agreement (as defined below).
Appears in 1 contract
Samples: Underwriting Agreement (Alliance Holdings GP, L.P.)
