Common use of Authority and Authorization Clause in Contracts

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units and the consummation of the transactions contemplated by this Agreement, shall have been validly taken.

Authority and Authorization. At each the Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units Securities and the consummation of the transactions contemplated by this Agreement, the Indenture and the Guarantee, shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Company or the Valero MLP Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units Units, the execution and delivery of the Operative Agreements and the consummation of the transactions contemplated by this AgreementAgreement and the Operative Agreements, shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Company or the Valero MLP Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units Units, the execution and delivery of the Operative Agreements and the consummation of the transactions (including the Transactions) contemplated by this AgreementAgreement and the Operative Agreements, shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units and the consummation of the transactions contemplated by this Agreement and the Membership Interest Purchase and Sale Agreement, dated as of April 11, 2017, by and between FR Navigator Holdings, LLC and NuStar Logistics, L.P. (the “Acquisition Agreement”), shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units Securities and the consummation of the transactions contemplated by this Agreement, the Indenture and the Guarantee, shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units and the consummation of the transactions contemplated by this Agreement, Agreement shall have been validly taken.

Authority and Authorization. At each the Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties Entities or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units Securities, the execution and delivery of the Organizational Documents and the consummation of the transactions contemplated by this AgreementAgreement and the Indenture, shall have been validly taken.

Authority and Authorization. At each Delivery DateSettlement Date and each Time of Delivery, if any, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units and the consummation of the transactions contemplated by this Agreement, shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties Entities or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units Units, the execution and delivery of the Organizational Documents and the consummation of the transactions contemplated by this Agreement, shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties Entities or NuStar Asphalt, as applicable, or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units Units, the execution and delivery of the Operative Agreements and the consummation of the transactions contemplated by this AgreementAgreement and the Transaction Documents, shall have been validly taken.

Authority and Authorization. At each Delivery Date, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units and the consummation of the transactions contemplated by this Agreement, shall have been validly taken.

Authority and Authorization. At each Delivery DateSettlement Date and each Time of Delivery, if any, all corporate, partnership and limited liability company action, as the case may be, required to be taken by any of the Partnership Parties or any of their respective unitholders, stockholders, members or partners for the authorization, issuance, sale and delivery of the Offered Units and the consummation of the transactions contemplated by this Agreement, shall have been validly taken.