Valid Organization. Buyer is a limited partnership, validly existing and in good standing under the laws of the State of Delaware, and is duly qualified or licensed to do business in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed would not reasonably be expected to cause a Material Adverse Effect.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (DCP Midstream Partners, LP), Purchase and Sale Agreement (DCP Midstream Partners, LP)
Valid Organization. Buyer is a limited partnershipliability company duly organized, validly existing and in good standing under the laws of the State of Delaware, and is duly qualified or licensed to do business in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed would not reasonably be expected to cause a Material Adverse Effect.
Appears in 3 contracts
Samples: Purchase Agreement (PBF Logistics LP), Purchase Agreement (PBF Logistics LP), Purchase Agreement
Valid Organization. Buyer is a limited partnershippartnership duly formed, validly existing and in good standing under the laws Laws of the State of Delaware. As of the Closing Date, and is Buyer will be duly qualified or licensed to do business in all states States where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed would not reasonably be expected to cause a Material Adverse Effect.
Appears in 2 contracts
Samples: Interest Purchase Agreement (BP Midstream Partners LP), Interest Purchase Agreement
Valid Organization. Buyer is a limited partnershipliability company duly organized, validly existing and in good standing under the laws Laws of the State of Delaware, and . Buyer is duly qualified or licensed to do business in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed would not reasonably be expected to cause a Material Adverse Effect.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (American Midstream Partners, LP), Purchase and Sale Agreement
Valid Organization. Buyer is a limited partnershipliability company duly organized, validly existing and in good standing under the laws of the State of Delaware, and is duly qualified or licensed to do business in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed would not reasonably be expected to cause a Material Adverse Effect.. 4.2
Appears in 1 contract
Samples: Purchase Agreement
