Exempt Securities. The sale and issuance of (i) the Subordinated Units to Premcor Pipeline, Premcor Refining, VRCT and VTDC and (ii) the General Partner Units and the IDRs to the General Partner are each exempt from the registration requirements of the Securities Act and the rules and regulations and the securities laws of any state having jurisdiction with respect thereto and none of the Valero Entities has taken or will take any action that would cause the loss of such exemption.
Appears in 2 contracts
Sources: Underwriting Agreement (Valero Energy Partners Lp), Underwriting Agreement (Valero Energy Partners Lp)