ND Land definition
Examples of ND Land in a sentence
ND Land is duly qualified to do business as a foreign limited liability company and is in good standing under the laws of each state or other jurisdiction in which either the ownership or use of the properties owned by it, or the nature of the activities conducted by it, requires such qualification.
Immediately after giving effect to the conveyance described in Section 1.5(a), TGPM and TGPGM will cause ND Land Holdings LLC (“ND Land”) to be merged with and into TGPGM, with TGPGM surviving the merger (the “ND Land Merger”).
The limited liability company interests of ND Land that are issued and outstanding and held by TGPM as of the date of this Agreement constitute all of the ND Land Units, and other than the ND Land Units, there are no outstanding equity securities or other securities of ND Land.
There are no contracts relating to the issuance, sale or transfer of any equity securities or other securities of ND Land.
ND Land is a limited liability company duly organized, validly existing and in good standing under the laws of Delaware, with full limited liability company power and authority to conduct its business as it is now being conducted, to own or use the properties and assets that it purports to own or use, and to perform all of its obligations under each of its contracts.