Common use of Ownership of the General Partner Interest in KPP Clause in Contracts

Ownership of the General Partner Interest in KPP. Xxxxx XX is the sole general partner of KPP with a 1% general partner interest in KPP; such general partner interest has been duly authorized and validly issued in accordance with the KPP Partnership Agreement; and Xxxxx XX owns such general partner interest free and clear of all liens, encumbrances, security interests, charges or claims (i) in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming Xxxxx XX as debtor is on file as of a recent date in the office of the Secretary of State of the State of Delaware or (ii) otherwise known to such counsel, without independent investigation, other than those created by or arising under Sections 17-303(a) and 17-607 of the Delaware LP Act or contained in the KPP Partnership Agreement.

Ownership of the General Partner Interest in KPP. Xxxxx Kxxxx XX is the sole general partner of KPP with a 1% general partner interest in KPP; such general partner interest has been duly authorized and validly issued in accordance with the KPP Partnership Agreement; and Xxxxx Kxxxx XX owns such general partner interest free and clear of all liens, encumbrances, security interests, charges or claims (i) in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming Xxxxx Kxxxx XX as debtor is on file as of a recent date in the office of the Secretary of State of the State of Delaware or (ii) otherwise known to such counsel, without independent investigation, other than those created by or arising under Sections 17-303(a) and 17-607 of the Delaware LP Act or contained in the KPP Partnership Agreement.