Delaware LP Act definition

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act.

Delaware LP Act has the meaning assigned to such term in the recitals.

Delaware LP Act shall have the meaning specified in Section 3.02.

Examples of Delaware LP Act in a sentence

• This opinion is limited in all respects to federal laws, the Delaware LP Act and the Constitution of the State of Delaware, as interpreted by the courts of the State of Delaware and of the United States.

• The OLP GP is the sole general partner of the Operating LP and owns a 0.001% general partner interest in the Operating LP; such general partner interest has been duly authorized and validly issued in accordance with the partnership agreement of the Operating LP (the “OLP Agreement”); and the OLP GP owns such general partner interest free and clear of all Liens, other than those created by or arising under the Delaware LP Act, the OLP Agreement or the Credit Facility.

• This opinion is limited to the effect of the current state of the Delaware LP Act and the Delaware LLC Act and the facts as they currently exist.

• All outstanding Common Units and the limited partner interests represented thereby have been duly authorized and 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 nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

• All outstanding Common Units, Class A Units and Class B Units and the limited partner interests represented thereby have been duly authorized and 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 nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act and as otherwise described in the Prospectus).

More Definitions of Delaware LP Act

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act as in effect on the date of this Agreement and as amended, restated or replaced from time to time thereafter.

Delaware LP Act has the meaning as set forth in the Recitals of this Agreement.

Delaware LP Act has the meaning assigned to such term in Section 2.5(c).

Delaware LP Act has the meaning assigned to such term in the first recital of this Agreement.

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act. “Disclosure Schedules” means the disclosure schedules to this Agreement.

Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act, as amended from time to time. “Devon” has the meaning set forth in the preamble to this Agreement.

Delaware LP Act means the State of Delaware Revised Uniform Limited Partnership Act, §§ 17-101 to 17-1109 of the Delaware Code Annotated, Title 6, as the same may be amended from time to time.