Common use of Valid Issuance of the Units Clause in Contracts

Valid Issuance of the Units. At the First Delivery Date or the Second Delivery Date, as the case may be, the Firm Units or the Option Units, as the case may be, and the limited partner interests represented thereby, will be duly authorized by the Partnership and, when issued and delivered to the Underwriters against payment therefor in accordance with the terms hereof, will be validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 17-303, 17-607 or 17-804 of the Delaware LP Act and as otherwise disclosed in the Pricing Disclosure Package).

Valid Issuance of the Units. At the First Initial Delivery Date or the Second any Option Unit Delivery Date, as the case may be, the Firm Units or the Option Units, as the case may be, and the limited partner interests represented thereby, will be duly authorized by in accordance with the Partnership Agreement and, when issued and delivered to the Underwriters against payment therefor in accordance with the terms hereof, will be validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by Sections 17-303, 17-607 or and 17-804 of the Delaware LP Act and as otherwise disclosed in the Pricing Disclosure PackageAct).

Valid Issuance of the Units. At the First Delivery Date or the Second each Delivery Date, as the case may be, the Firm Units or the Option Additional Units, as the case may be, and the limited partner interests represented thereby, will be duly authorized by in accordance with the Partnership Agreement and, when issued and delivered to the Underwriters against payment therefor in accordance with the terms hereofthis Agreement, will be validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by matters described in Sections 17-303, 17-607 or and 17-804 of the Delaware LP Act and as otherwise disclosed in the Pricing Disclosure PackageAct).

Valid Issuance of the Units. At the First Initial Delivery Date or the Second Option Unit Delivery Date, as the case may be, the Firm Units or the Option Units, as the case may be, and the limited partner interests represented thereby, will be duly authorized by in accordance with the Partnership Agreement and, when issued and delivered to the Underwriters against payment therefor in accordance with the terms hereof, will be validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by Sections 17-303, 303 and 17-607 or 17-804 of the Delaware LP Act and as otherwise disclosed in the Pricing Disclosure PackageAct).

Valid Issuance of the Units. At the First Delivery Date or the Second on each Option Delivery Date, as the case may be, the Firm Units or the Option Units, as the case may be, and the limited partner interests represented thereby, will be duly authorized by the Partnership and, when issued and delivered to the Underwriters against payment therefor in accordance with the terms hereof, will be validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 17-303, 17-607 or and 17-804 of the Delaware LP Act and as otherwise disclosed in the Pricing Disclosure Package).