Common use of Ownership of the Incentive Distribution Rights Clause in Contracts

Ownership of the Incentive Distribution Rights. As of the date hereof, the General Partner owns, and at the Closing Date and any settlement date thereafter, will own, 100% of the Incentive Distribution Rights (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”). Such Incentive Distribution Rights have been duly authorized for issuance and sale, are validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such non-assessability may be affected by Xxxxxxx 00, 00, 00 xxx 00 xx xxx Xxxxxxxx Xxxxxxx LP Act); and the General Partner owns the Incentive Distribution Rights free and clear of all Liens.

Ownership of the Incentive Distribution Rights. As of the date hereof, the General Partner owns, and at the Closing Date and any settlement date thereafter, will own, 100% of the Incentive Distribution Rights (as defined in the Partnership Agreement) (the “"Incentive Distribution Rights”"). Such Incentive Distribution Rights have been duly authorized for issuance and sale, are validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such non-assessability may be affected by Xxxxxxx 00, 00, 00 xxx 00 xx xxx Xxxxxxxx Xxxxxxx LP Act); and the General Partner owns the Incentive Distribution Rights free and clear of all Liens.

Ownership of the Incentive Distribution Rights. As of the date hereof, the General Partner owns, and at At the Closing Date Date, after giving effect to the Transactions, and any settlement date thereafter, the General Partner will own, own 100% of the Incentive Distribution Rights (as defined in Rights. At the Partnership Agreement) (Closing Date, the “Incentive Distribution Rights”). Such Incentive Distribution Rights will have been duly authorized for issuance and sale, are will be validly issued in accordance with the Partnership Agreement and are will be fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such non-assessability may be affected by Xxxxxxx 00, 00, 00 xxx 00 xx xxx Xxxxxxxx Xxxxxxx LP Act); and the General Partner owns will own the Incentive Distribution Rights free and clear of all Liens.