Common use of Organization and Existence Clause in Contracts

Organization and Existence. (a) The Partnership is a limited partnership duly organized, validly existing and in good standing under the Laws of the State of Delaware and has all requisite partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 9 contracts

Samples: Contribution Agreement (Rose Rock Midstream, L.P.), Contribution Agreement (SemGroup Corp), Contribution Agreement (Rose Rock Midstream, L.P.)

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Organization and Existence. (a) The Partnership is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and has all requisite limited partnership power and authority to own, operate own the Contributed Interests and lease its properties and assets and the Contributed Assets. The Partnership is duly qualified to carry on its transact business as now conducteda limited partnership and is in good standing in each other jurisdiction in which such qualification is required for the conduct of its business, except where the failure to so qualify or to be in good standing does not have a Partnership Material Adverse Effect.

Appears in 6 contracts

Samples: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp), Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp)

Organization and Existence. (a) The Partnership is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and has all requisite limited partnership power and authority to own, operate and lease its properties and assets and own the Contributed Interests. The Partnership is duly qualified to carry on its transact business as now conducteda limited partnership and is in good standing in each other jurisdiction in which such qualification is required for the conduct of its business, except where the failure to so qualify or to be in good standing does not have a Partnership Material Adverse Effect.

Appears in 5 contracts

Samples: Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp), Contribution, Conveyance and Assumption Agreement, Operational Services Agreement (Phillips 66 Partners Lp)

Organization and Existence. (a) The Partnership is a limited partnership duly organizedformed, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted. The Operating Company is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited liability company power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 4 contracts

Samples: Contribution Agreement (El Paso Pipeline Partners, L.P.), Contribution Agreement (El Paso Pipeline Partners, L.P.), Contribution Agreement (El Paso Pipeline Partners, L.P.)

Organization and Existence. (a) The Each of the Partnership and the General Partner is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and the Partnership has all requisite limited partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now conductedown the Contributed Assets.

Appears in 3 contracts

Samples: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Northern Tier Energy LP), Contribution, Conveyance and Assumption Agreement (Western Refining, Inc.)

Organization and Existence. (a) The Each of the Partnership and Operating is a limited partnership duly organizedformed, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite limited partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now currently conducted.

Appears in 3 contracts

Samples: Assignment Agreement (EnLink Midstream Partners, LP), Contribution and Transfer Agreement (EnLink Midstream Partners, LP), Assignment Agreement

Organization and Existence. (a) The Partnership is a limited partnership duly organizedformed, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite limited partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 3 contracts

Samples: Contribution and Transfer Agreement (EnLink Midstream Partners, LP), Contribution and Sale Agreement, Contribution and Sale Agreement (Tallgrass Energy Partners, LP)

Organization and Existence. (a) The Partnership is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and has all requisite limited partnership power and authority to own, operate and lease its properties and assets and own the Contributed Assets. The Partnership is duly qualified to carry on its transact business as now conducteda limited partnership and is in good standing in each other jurisdiction in which such qualification is required for the conduct of its business, except where the failure to so qualify or to be in good standing does not have a Partnership Material Adverse Effect.

Appears in 2 contracts

Samples: Terminal Services Agreement, Terminal Services Agreement (Phillips 66 Partners Lp)

Organization and Existence. (a) The Each of the Partnership and the General Partner is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and the Partnership has all requisite limited partnership power and authority to own, operate own the Contributed Interests and lease its properties and assets and to carry on its business as now conductedthe Refining Assets.

Appears in 2 contracts

Samples: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Alon USA Energy, Inc.)

Organization and Existence. (a) The Partnership is a limited partnership duly organizedformed, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite limited partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted. Each of WFSG and the Operating Company is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited liability company power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement (Williams Partners L.P.)

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Organization and Existence. (a) The Partnership is a limited partnership duly organizedformed, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite partnership corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted. The Operating Company is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited liability company power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Williams Partners L.P.), Purchase and Sale Agreement (Williams Partners L.P.)

Organization and Existence. (a) The Partnership is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and has all requisite limited partnership power and authority to own, operate own the Contributed Interests and lease its properties and assets and the Assets. The Partnership is duly qualified to carry on its transact business as now conducteda limited partnership and is in good standing in each other jurisdiction in which such qualification is required for the conduct of its business, except where the failure to so qualify or to be in good standing does not have a Partnership Material Adverse Effect.

Appears in 2 contracts

Samples: Services Agreement (Phillips 66 Partners Lp), Conveyance and Assumption Agreement

Organization and Existence. (a) The Partnership is a limited partnership duly organizedformed, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite limited partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted. The Operating Company is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited liability company power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 2 contracts

Samples: Contribution Agreement (WPX Energy, Inc.), Contribution Agreement (Williams Partners L.P.)

Organization and Existence. (a) The Each of the Partnership and the General Partner is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and the Partnership has all requisite limited partnership power and authority to own, operate own the Contributed Interests and lease its properties and assets and to carry on its business as now conductedthe Wholesale Assets.

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement (Western Refining, Inc.)

Organization and Existence. (a) The Partnership is a limited partnership an entity duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite partnership power and authority Delaware. The Partnership is duly qualified to own, operate and lease its properties and assets and to carry on its transact business as now conducteda limited partnership and is in good standing in each other jurisdiction in which such qualification is required for the conduct of its business, except where the failure to so qualify or to be in good standing does not have a Partnership Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Green Plains Partners LP)

Organization and Existence. (a) The Partnership is a limited partnership duly organizedformed, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite partnership power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted. Each of the Operating Company and EPPP CIG is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited liability company power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 1 contract

Samples: Contribution Agreement (El Paso Pipeline Partners, L.P.)

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