Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a 2.0% general partner interest in the Partnership (excluding any preferred units from such calculation); such general partner interest has been duly authorized and validly issued in accordance with the partnership agreement of the Partnership, as amended or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all pledges, liens, encumbrances, security interests, charges, equities or other claims (collectively, “Liens”) (except restrictions on transferability contained in the Partnership Agreement as described in the Prospectus, or under applicable securities laws).
Appears in 1 contract
Sources: Equity Distribution Agreement (Teekay Offshore Partners L.P.)
Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership Partnership, with a 2.0% general partner interest in the Partnership (excluding any preferred units from such calculation)Partnership; such general partner interest has been duly authorized and validly issued in accordance with the agreement of limited partnership agreement of the Partnership, as in effect as of the date hereof and as the same may be amended or restated on or prior to the date hereof that this representation and warranty is repeated or deemed to be made pursuant to this Agreement (the “Partnership Agreement”); , and the General Partner owns such general partner interest free and clear of all pledgesLiens, liens, encumbrances, security interests, charges, equities or other claims (collectively, “Liens”) (except for restrictions on transferability contained in the Partnership Agreement and as otherwise described in the Registration Statement (excluding the exhibits thereto), the Disclosure Package and the Prospectus, or under applicable securities laws).
Appears in 1 contract
Sources: Equity Distribution Agreement (Western Gas Partners LP)