Common use of Valid Issuance of OpCo Common Units Clause in Contracts

Valid Issuance of OpCo Common Units. The OpCo Common Units to be purchased by the Partnership from OpCo and the limited liability company interest represented thereby have been duly authorized by all requisite limited liability company action on the part of OpCo under the DLLCA and, when issued and delivered by OpCo to the Partnership against payment therefor, will be validly issued in accordance with the OpCo LLC Agreement and will be fully paid (to the extent required under the OpCo LLC Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the DLLCA).

Valid Issuance of OpCo Common Units. The OpCo Common Units (and the limited liability company interests represented thereby) to be purchased by the Partnership from OpCo and in connection with any issuance of the limited liability company interest represented thereby Shares as contemplated by this Agreement have been duly authorized by all requisite limited liability company action on the part of OpCo under the DLLCA and, when issued and delivered by OpCo to the Partnership against payment therefor, will be validly issued in accordance with the OpCo LLC Agreement and will be fully paid (to the extent required under the OpCo LLC Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the DLLCA).

Valid Issuance of OpCo Common Units. The OpCo Common Units to be purchased by the Partnership from OpCo and the limited liability company interest interests represented thereby have been duly authorized by all requisite limited liability company action on the part of OpCo under the DLLCA and, when issued and delivered by OpCo to the Partnership against payment therefor, will be validly issued in accordance with the OpCo LLC Agreement and will be fully paid (to the extent required under the OpCo LLC Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the DLLCA).