Delaware LP Act definition

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Delaware LP Act has the meaning assigned to such term in the recitals.

Delaware LP Act shall have the meaning specified in Section 3.02.

Examples of Delaware LP Act in a sentence

• The OLP GP is the sole general partner of the Operating LP and owns a 0.001% general partner interest in the Operating LP; such general partner interest has been duly authorized and validly issued in accordance with the partnership agreement of the Operating LP (the “OLP Agreement”); and the OLP GP owns such general partner interest free and clear of all Liens, other than those created by or arising under the Delaware LP Act, the OLP Agreement or the Credit Facility.

• All outstanding Common Units, Class A Units and Class B Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act and as otherwise described in the Prospectus).

• All outstanding Common Units and Class A Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act and as otherwise described in the Prospectus).

• The Partnership has all requisite power and authority under the Partnership Agreement and the Delaware LP Act to issue, sell and deliver the Notes, in accordance with and upon the terms and conditions set forth in this Agreement, the Partnership Agreement, the Indenture, the Registration Statement, the Pricing Disclosure Package and the Prospectus.

• The Partnership has been duly formed and is validly existing as a limited partnership in good standing under the Delaware LP Act with all limited partnership power and authority necessary to own, lease or operate its properties and to conduct its business, in each case in all material respects as described in the Registration Statement, the General Disclosure Package or the Prospectus.

More Definitions of Delaware LP Act

Delaware LP Act has the meaning as set forth in the Recitals of this Agreement.

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act, 6 Del C. Section 17-101, et seq., as amended, supplemented or restated from time to time, and any successor to such statute.

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act, Delaware Code Annotated, Title 6, §§ 17-101 et seq., as may be amended, modified, recodified or supplemented from time to time.

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act as in effect on the date of this Agreement and as amended, restated or replaced from time to time thereafter.

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act. “Disclosure Schedules” means the disclosure schedules to this Agreement.

Delaware LP Act has the meaning assigned to such term in Section 2.5(c).

Delaware LP Act has the meaning assigned to such term in the first recital of this Agreement.