Xxxxxxxx Islands Limited Partnership Act definition
Examples of Xxxxxxxx Islands Limited Partnership Act in a sentence
The Sponsor Securities (as defined below) and the Incentive Distribution Rights and the limited partnership interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by matters described in Section 41 of the Xxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Islands LP Act”)).
The Merger shall be conducted in accordance with and shall have the effects set forth in this Agreement and the applicable provisions of Xxxxxxxx Islands Limited Liability Company Act and the Xxxxxxxx Islands Limited Partnership Act.
The Sponsor Units and the Incentive Distribution Rights 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 30, 41, 51 and 60 of the Xxxxxxxx Islands Limited Partnership Act and except as may otherwise be provided in the Partnership Agreement.
Navios Maritime and GP LLC have formed the MLP pursuant to the Xxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Islands LP Act”) for the purpose of, among other things, acquiring and owning all of the outstanding shares of capital stock of and operating all of the assets of certain indirect subsidiaries of Navios Maritime that own and operate vessels.
All such partner interests have been duly authorized and validly issued in accordance with the partnership agreement of the Operating Company and are fully paid (to the extent required under the partnership agreement of the Operating Company) and, with respect to the limited partner interests, nonassessable (except as such nonassessability may be affected by Section 41 of the Xxxxxxxx Islands Limited Partnership Act and subject to the provisions of the partnership agreement of the Operating Company).
Such common units and the Incentive Distribution Rights 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 Section 41 of the Xxxxxxxx Islands Limited Partnership Act and subject to the provisions of the Partnership Agreement).
Xxxxx and the General Partner have formed the Partnership pursuant to the Xxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Islands LP Act”) for the purpose of owning and operating liquefied natural gas carriers and floating storage and regasification units under long-term charters.
The Common Units currently held by Teekay Holdings and the Incentive Distribution Rights 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 30, 41, 51 and 60 of the Xxxxxxxx Islands Limited Partnership Act (the “MI LPA”) and subject to the provisions of the Partnership Agreement).
The Common Units currently held by Teekay Holdings and the Incentive Distribution Rights 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 Section 41 of the Xxxxxxxx Islands Limited Partnership Act (the “MI LPA”) and subject to the provisions of the Partnership Agreement).
Navios Maritime Acquisition and GP LLC have formed the MLP pursuant to the Xxxxxxxx Islands Limited Partnership Act (the “Xxxxxxxx Islands LP Act”) for the purpose of, among other things, acquiring and owning all of the outstanding shares of capital stock of and operating all of the assets of certain indirect subsidiaries of Navios Maritime Acquisition that own and operate vessels.