Ownership of Teekay LNG Holdings, L. P. To the knowledge of such counsel, the Operating Company owns, directly or indirectly, a 98% limited partner interest and a 1% general partner interest in Teekay LNG Holdings, L.P.; the General Partner owns a 1% limited partner interest in Teekay LNG Holdings, L.P.; such partnership interests have been duly authorized and validly issued in accordance with the limited partnership agreement of Teekay LNG Holdings, L.P. and are fully paid (to the extent required under the limited partnership agreement of Teekay LNG Holdings, L.P.) and nonassessable; and to such counsel’s knowledge, the Operating Company owns such partnership interests free and clear of all pledges, liens, encumbrances, security interests, or other claims, other than Claim Exceptions.
Ownership of Teekay LNG Holdings, L. P. The Operating Company owns, directly or indirectly, a 98% the limited partner interest and a 1% general partner interest in Teekay LNG Holdings, L.P.; such partnership interests have been duly authorized and validly issued in accordance with the limited partnership agreement of Teekay LNG Holdings, L.P. and are fully paid (to the extent required under the limited partnership agreement of Teekay LNG Holdings, L.P.) and nonassessable; and to such counsel’s knowledge, the Operating Company owns such partnership interests free and clear of all pledges, liens, encumbrances, security interests, or other claims, other than Claim Exceptions.
