Common use of Ownership of GP Holdings Clause in Contracts

Ownership of GP Holdings. (i) General Partner Interests. MainLine Management LLC, a Delaware limited liability company (“MainLine Management”), is the sole general partner of GP Holdings, with a noneconomic general partner interest in GP Holdings; such general partner interest is the only general partner interest of GP Holdings that is issued and outstanding; and such general partner interest has been duly authorized and validly issued and is owned by MainLine Management free and clear of any Liens.

Appears in 6 contracts

Samples: Underwriting Agreement (Buckeye Partners, L.P.), Underwriting Agreement (Buckeye Partners, L.P.), Underwriting Agreement (Buckeye Partners, L.P.)

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