Common use of Valid Issuance of the Units Clause in Contracts

Valid Issuance of the Units. At each Closing Date, the Firm Units and the Option Units, as the case may be, and the limited partner interests represented thereby will be duly authorized by 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 nonassessable (except as described in the Form 8-A/A under the caption “Our Partnership Agreement—Limited Liability”).

Appears in 6 contracts

Sources: Underwriting Agreement (Teekay Offshore Partners L.P.), Underwriting Agreement (Teekay Offshore Partners L.P.), Underwriting Agreement (Teekay Offshore Partners L.P.)

Valid Issuance of the Units. At each the Closing Date or the Option Closing Date, the Firm Units and the Option Units, as the case may be, and the limited partner interests represented thereby will be duly authorized by 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 nonassessable (except as described in the Form 8-A/A under the caption “Our Partnership AgreementAgreement —Limited Liability”).

Appears in 1 contract

Sources: Underwriting Agreement (Teekay LNG Partners L.P.)

Valid Issuance of the Units. At each the Closing Date or the Option Closing Date, the Firm Units and the Option Units, as the case may be, and the limited partner interests represented thereby will be duly authorized by 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 nonassessable (except as described in the Form 8-A/A Prospectus under the caption “Our "The Partnership Agreement—Agreement - Limited Liability").

Appears in 1 contract

Sources: Underwriting Agreement (Teekay LNG Partners L.P.)

Valid Issuance of the Units. At each Closing Date, the Firm Units and the Option Units, as the case may be, and the limited partner interests represented thereby will be duly authorized by 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 nonassessable (except as described in the Form 8-A/A under the caption “Our Partnership AgreementLimited Liability”).

Appears in 1 contract

Sources: Underwriting Agreement (Teekay LNG Partners L.P.)

Valid Issuance of the Units. At each Closing Date, the Firm Units and the Option Units, as the case may be, and the limited partner interests represented thereby will be duly authorized by 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 nonassessable (except as described in the Form 8-A/A under the caption “Our Partnership AgreementAgreement —Limited Liability”).

Appears in 1 contract

Sources: Underwriting Agreement (Teekay LNG Partners L.P.)