Examples of NLA Holdings in a sentence
Except for the ManagementCo Interest, the NLA Holdings Interest and the Holdco Ownership Interests, PennTex does not own, directly or indirectly, any stock or equity ownership (whether controlling or not) in any corporation, association, partnership, limited liability company, joint venture or other Person.
For the avoidance of doubt, nothing in this Section 4.1(b) shall apply to the indemnification obligations of NLA Holdings under Section 4.1(a)(iii).
Section 2.1 NLA Holdings and MRD WHR Conveyance of Contributed Interest to Partnership.
The Parties acknowledge the payment by the Partnership, in connection with the closing of the Initial Public Offering, of (a) transaction expenses incurred by the Partnership or PennTex Development in the amount of approximately $4.3 million and (b) $98,571,322.46 to NLA Holdings and $55,182,296.40 to MRD WHR, respectively, in part as a reimbursement of certain capital expenditures incurred by such entity with respect to the Contributed Assets.
The NLA Holdings Interest has been duly authorized and validly issued in accordance with the Organizational Documents of NLA Holdings, is fully paid and nonassessable (except as such nonassessability may be affected by matters described in Sections 18-303, 18-607 and 18-804 of the Delaware LLC Act) and has not been issued in violation of any preemptive rights, rights of first refusal or other similar rights of any Person.
The Parties acknowledge the payment by the Partnership, in connection with the closing of the Initial Public Offering, of (a) transaction expenses incurred by the Partnership or PennTex Development in the amount of approximately $[—] million and (b) $[—] million to NLA Holdings and $[—] million to MRD WHR, respectively, in part as a reimbursement of certain capital expenditures incurred by such entity with respect to the Contributed Assets.