Fully Paid and Non-Assessable. Any Series A Conversion Unit(s) delivered pursuant to Section 5.11(c)(vii) shall be validly issued, fully paid and non-assessable (except as such non-assessability may be affected by the Xxxxxxxx Islands Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Xxxxxxxx Islands Act or this Agreement or created by the holders thereof.
Appears in 5 contracts
Samples: Series a Preferred Unit Purchase Agreement (KNOT Offshore Partners LP), Registration Rights Agreement (KNOT Offshore Partners LP), KNOT Offshore Partners LP
Fully Paid and Non-Assessable. Any Series A Conversion Unit(s) delivered pursuant to Section 5.11(c)(vii) shall be validly issued, fully paid and non-assessable (except as such non-assessability may be affected by the Xxxxxxxx Mxxxxxxx Islands Act), free and clear of any liens, claims, rights or encumbrances other than those arising under the Xxxxxxxx Mxxxxxxx Islands Act or this Agreement or created by the holders thereof.
Appears in 2 contracts
Samples: Exchange Agreement (KNOT Offshore Partners LP), KNOT Offshore Partners LP
