Common use of Ownership of the General Partner Clause in Contracts

Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 66% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act”));

Appears in 2 contracts

Samples: Purchase Agreement (NGL Energy Partners LP), Purchase Agreement (NGL Energy Partners LP)

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Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 6652% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act));.

Appears in 2 contracts

Samples: Underwriting Agreement (NGL Energy Partners LP), Underwriting Agreement (NGL Energy Partners LP)

Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 6673.3% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act”));

Appears in 1 contract

Samples: Purchase Agreement (NGL Energy Partners LP)

Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 6670.1% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act));.

Appears in 1 contract

Samples: Underwriting Agreement (NGL Energy Partners LP)

Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 6638% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act));.

Appears in 1 contract

Samples: Underwriting Agreement (NGL Energy Partners LP)

Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 6668% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act));.

Appears in 1 contract

Samples: Underwriting Agreement (NGL Energy Partners LP)

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Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 66% of the issued and outstanding membership interests in the General Partner; such membership interests Partner directly or indirectly owned by the Specified GP Holders have been duly authorized and validly issued in accordance with the General Partner Agreement, LLC Agreement and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act));.

Appears in 1 contract

Samples: Equity Distribution Agreement (NGL Energy Partners LP)

Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 6654.5% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and, at the Closing Date and each Option Closing Date, if any, will be duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act));.

Appears in 1 contract

Samples: Underwriting Agreement (NGL Energy Partners LP)

Ownership of the General Partner. The Specified GP Holders directly or indirectly own approximately 6668% of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement, and are fully paid and non-assessable (except as such non-assessability may be limited by Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the “Delaware LLC Act”));

Appears in 1 contract

Samples: Purchase Agreement (NGL Energy Partners LP)

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