Common use of Permits Clause in Contracts

Permits. The Vessel Owning Subsidiary has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiary.

Permits. The Vessel Owning Subsidiary Each of the Partnership Entities has such permits, consentslicenses, licensespatents, franchises, concessions, certificates of need and other approvals or authorizations of governmental or regulatory authorities (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary under applicable law to own or lease its properties and to conduct its business in the manner described in the Registration Statement and the most recent Preliminary Prospectus, except for any of the foregoing that is standard and customary for a business of its nature other than such Permits the absence of whichcould not, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect have a Material Adverse Effect. Each of the Vessel Owning Subsidiary. The Vessel Owning Subsidiary Partnership Entities has fulfilled and performed all of its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date the Permits, and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other impairment of the rights of the holder or any such Permits, except for any of the foregoing that could not reasonably be expected to have a Material Adverse Effect. No event has occurred that would result prevent the Permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issuesissuances, revocations, terminations and impairments that would notnot reasonably be expected to have, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiarya Material Adverse Effect.

Permits. The Vessel B Owning Subsidiary has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) Permits of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel B Owning Subsidiary. The Vessel B Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel B Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel B Owning Subsidiary.

Permits. The Vessel A Owning Subsidiary has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel A Owning Subsidiary. The Vessel A Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel A Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel A Owning Subsidiary.

Permits. The Vessel Owning Subsidiary Each of the Teekay Entities has such permits, consentsconsents (as defined above), licenses, franchises, concessions, certificates and authorizations (“Permitspermits”) of, and has made all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federalFederal, provincial, state, local or foreign Governmental Authorities governmental or regulatory authorities, all self-regulatory organizations and all courts and other Personstribunals, as are necessary to own or lease its properties and to conduct its business in the manner that is standard described in the Prospectus, subject to such qualifications as may be set forth in the Prospectus and customary except for a business of its nature other than such Permits the absence of whichpermits, declarations and filings that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect a Material Adverse Effect; except as set forth in the Vessel Owning Subsidiary. The Vessel Owning Subsidiary Prospectus, each of the Teekay Entities has fulfilled and performed all its material obligations with respect to such Permits permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permitpermit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiaryreasonably be expected to have a Material Adverse Effect, and none of such Permits permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryTeekay Entities, taken as a whole.

Permits. The Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“"Permits”") of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Owner or the Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning SubsidiaryOwner, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary has such permitsCompany and each of its subsidiaries, taken together, have (i) made all filings, applications and submissions required by, and possesses all approvals, licenses, certificates, clearances, consents, exemptions, orders, permits and other authorizations required to be issued by, the appropriate federal, state or foreign regulatory authorities (collectively, “Permits”) in order for the Company and its subsidiaries to conduct their business, except for such Permits for which the failure to obtain would not reasonably be expected to have a Material Adverse Effect, and are in compliance in all material respects with the terms and conditions of all such Permits; all such Permits held by the Company and its subsidiaries are valid and in full force and effect; there is no pending or, to the Company’s knowledge, threatened action, suit, claim or proceeding that may cause any such Permit to be limited, revoked, cancelled, suspended, modified or not renewed and neither the Company nor its subsidiaries has received any notice of proceedings relating to the limitation, revocation, cancellation, suspension, modification or non-renewal of any such Permit that, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding would reasonably be expected to have a Material Adverse Effect and (ii) such licenses, franchises, concessionspermits, certificates authorizations, approvals and authorizations (“Permits”) oforders of and from governmental and regulatory officials and bodies as are, and has all declarations and filings withto the Company’s knowledge, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are reasonably necessary to own or lease its and operate the properties and to conduct its business in the manner that is standard and customary for a business of the Company and its nature other than such Permits subsidiaries, taken as a whole, on the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiaryhereof.

Permits. The Vessel Owning Subsidiary Each of the Teekay Entities has such permits, consentsconsents (as defined above), licenses, franchises, concessions, certificates and authorizations (“Permitspermits”) of, and has made all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federalFederal, provincial, state, local or foreign Governmental Authorities governmental or regulatory authorities, all self-regulatory organizations and all courts and other Personstribunals, as are necessary to own or lease its properties and to conduct its business in the manner that is standard described in the Disclosure Package and customary the Prospectus, subject to such qualifications as may be set forth in the Disclosure Package and the Prospectus and except for a business of its nature other than such Permits the absence of whichpermits, declarations and filings that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, has not a Material Adverse Effect; except as set forth in the Disclosure Package and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary Prospectus, each of the Teekay Entities has fulfilled and performed all its material obligations with respect to such Permits permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permitpermit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiaryreasonably be expected to have a Material Adverse Effect, and none of such Permits permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryTeekay Entities, taken as a whole.

Permits. The Vessel Owning Subsidiary has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date the Closing Date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiary.

Permits. The Vessel Owning Subsidiary Each of the Partnership Entities has such permits, consentslicenses, licensespatents, franchises, concessions, certificates of need and other approvals or authorizations of governmental or regulatory authorities (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary under applicable law to own or lease its properties and to conduct its business in the manner described in the Registration Statement and the Prospectus, except for any of the foregoing that is standard and customary for a business of its nature other than such Permits the absence of whichcould not, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect have a Material Adverse Effect. Each of the Vessel Owning Subsidiary. The Vessel Owning Subsidiary Partnership Entities has fulfilled and performed all of its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date the Permits, and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other impairment of the rights of the holder or any such Permits, except for any of the foregoing that could not reasonably be expected to have a Material Adverse Effect. No event has occurred that would result prevent the Permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issuesissuances, revocations, terminations and impairments that would notnot reasonably be expected to have, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiarya Material Adverse Effect.

Permits. The Vessel Owning Subsidiary has such permitsExcept as disclosed in the Disclosure Documents, the Company and its Subsidiaries have made all filings, applications and submissions required by, and possesses and is operating in compliance with, all approvals, licenses, certificates, certifications, clearances, consents, licensesgrants, franchisesexemptions, concessionsmarks, certificates notifications, orders, permits and other authorizations issued by, the appropriate federal, state or foreign Governmental Authority necessary for the ownership or lease of their respective properties or to conduct its businesses as described in the Commission Documents (collectively, “Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit), except for such non-renewalsPermits the failure of which to possess, non-issues, revocations, terminations and impairments that obtain or make the same would not, individually or in the aggregate, materially reasonably be expected to have a Material Adverse Effect; the Company and its Subsidiaries are in compliance with the terms and conditions of all such Permits, except where the failure to be in compliance would not have a Material Adverse Effect; all of the Permits are valid and in full force and effect, except where any invalidity, individually or adversely affect in the Vessel Owning Subsidiaryaggregate, would not be reasonably expected to have a Material Adverse Effect; and none neither the Company nor any of such Permits contains its Subsidiaries has received any restriction that is materially burdensome written notice relating to the Vessel Owning Subsidiarylimitation, revocation, cancellation, suspension, modification or non-renewal of any such Permit which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would reasonably be expected to have a Material Adverse Effect, or has any reason to believe that any such license, certificate, permit or authorization will not be renewed in the ordinary course.

Permits. The Vessel Owning Subsidiary Each of the Company Entities has such permits, consentsConsents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has made all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all U.S. federal, provincial, state, local or foreign Governmental Authorities governmental or regulatory authorities, all self-regulatory organizations and all courts and other Personstribunals, as are necessary to own or lease its properties and to conduct its business in the manner that is standard described in the Prospectus (exclusive of any supplement thereto), subject to such qualifications as may be set forth in the Prospectus (exclusive of any supplement thereto) and customary except for a business of its nature other than such Permits the absence of whichPermits, declarations and filings that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect a Material Adverse Effect; except as set forth in the Vessel Owning Subsidiary. The Vessel Owning Subsidiary Prospectus (exclusive of any supplement thereto), each of the Company Entities has fulfilled and performed all its material obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiaryreasonably be expected to have a Material Adverse Effect, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryCompany Entities, taken as a whole.

Permits. The GAS-nineteen Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-nineteen Vessel Owning Subsidiary. The Owner or the GAS-nineteen Vessel, and the GAS-nineteen Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS-nineteen Vessel Owning SubsidiaryOwner or the GAS-nineteen Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-nineteen Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary Each of the Teekay Entities has such permits, consentsconsents (as defined above), licenses, franchises, concessions, certificates and authorizations (“Permits”"PERMITS") of, and has made all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federalFederal, provincial, state, local or foreign Governmental Authorities governmental or regulatory authorities, all self-regulatory organizations and all courts and other Personstribunals, as are necessary to own or lease its properties and to conduct its business in the manner that is standard described in the Prospectus, subject to such qualifications as may be set forth in the Prospectus and customary except for a business of its nature other than such Permits the absence of whichpermits, declarations and filings that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect a Material Adverse Effect; except as set forth in the Vessel Owning Subsidiary. The Vessel Owning Subsidiary Prospectus, each of the Teekay Entities has fulfilled and performed all its material obligations with respect to such Permits permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permitpermit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiaryreasonably be expected to have a Material Adverse Effect, and none of such Permits permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryTeekay Entities, taken as a whole.

Permits. The Vessel Owning Subsidiary has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-non- renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiary.

Permits. The GAS-seventeen Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) Permits of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-seventeen Vessel Owning Subsidiary. The Owner or the GAS-seventeen Vessel, and the GAS-seventeen Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS-seventeen Vessel Owning SubsidiaryOwner or the GAS-seventeen Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-seventeen Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary has Each of the Partnership Entities has, or at the Closing Date and the Option Closing Date will have, such permits, consentsconsents (as defined above), licenses, franchises, concessions, certificates and authorizations (“Permits”"PERMITS") of, and has or will have made all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federalFederal, provincial, state, local or foreign Governmental Authorities governmental or regulatory authorities, all self-regulatory organizations and all courts and other Personstribunals, as are necessary to own or lease its properties and to conduct its business in the manner that is standard described in the Prospectus, subject to such qualifications as may be set forth in the Prospectus and customary except for a business of its nature other than such Permits the absence of whichpermits, declarations and filings that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, has not a Material Adverse Effect; except as set forth in the Prospectus, each of the Partnership Entities has, or at the Closing Date and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has Option Closing Date will have, fulfilled and performed all its material obligations with respect to such Permits permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permitpermit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiaryreasonably be expected to have a Material Adverse Effect, and none of such Permits permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryPartnership Entities, taken as a whole.

Permits. The GAS-fourteen Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-fourteen Vessel Owning Subsidiary. The Owner or the GAS-fourteen Vessel, and the GAS-fourteen Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS-fourteen Vessel Owning SubsidiaryOwner or the GAS- fourteen Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-fourteen Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“"Permits”") of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Owner or the Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-non- renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning SubsidiaryOwner, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Owner or the Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning SubsidiaryOwner, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or and adversely affect the Vessel Owning Subsidiary. The Owner or the Vessel, and the Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits in all material respects which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning SubsidiaryOwner or the Vessel, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning SubsidiaryOwner.

Permits. The GAS-twenty one Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) Permits of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-twenty one Vessel Owning Subsidiary. The Owner or the GAS-twenty one Vessel, and the GAS-twenty one Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS-twenty one Vessel Owning SubsidiaryOwner or the GAS-twenty one Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-twenty one Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary has Each of the Parent and its subsidiaries has, or at the Closing Date or at the Time of Sale will have, such permits, consents, licenses, franchises, concessions, certificates and authorizations of governmental or regulatory authorities (“Permitspermits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard described in the Offering Memorandum, subject to such qualifications as may be set forth in the Offering Memorandum and customary except for a business of its nature other than such Permits the absence of permits which, if not obtained, would not, individually or in the aggregate, has not have a Material Adverse Effect; except as set forth in the Offering Memorandum, each of the Issuers, the Parent and could not reasonably be expected to materially each of their subsidiaries has, or adversely affect at the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has Closing Date or at the Time of Sale will have, fulfilled and performed all its material obligations with respect to such Permits permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits permits from being renewed or reissued or that which allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permitpermit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect have a Material Adverse Effect; and except as described in the Vessel Owning SubsidiaryOffering Memorandum, and none of such Permits contains permits contains, or at the Closing Date or at the Time of Sale will contain, any restriction that is materially burdensome to the Vessel Owning SubsidiaryParent and its subsidiaries considered as a whole.

Permits. The Vessel Owning Subsidiary Each of the Partnership Entities has such permits, consentslicenses, licensespatents, franchises, concessions, certificates of need and other approvals or authorizations of governmental or regulatory authorities (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary under applicable law to own or lease its properties and to conduct its business in the manner described in the Registration Statement and the most recent Preliminary Prospectus, except for any of the foregoing that is standard and customary for a business of its nature other than such Permits the absence of whichcould not, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect have a Material Adverse Effect. Each of the Vessel Owning Subsidiary. The Vessel Owning Subsidiary Partnership Entities has fulfilled and performed all of its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date the Permits, and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other impairment of the rights of the holder or any such Permits, except for any of the foregoing that could not reasonably be expected to have a Material Adverse Effect. No event has occurred that would result prevent the Permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issuesissuances, revocations, terminations and impairments that would notnot reasonably be expected to have, individually or in the aggregate, materially or adversely affect a Material Adverse Effect. To the Vessel Owning Subsidiaryknowledge of the Partnership Parties, and none of such Permits contains the Tallgrass Entities has received any restriction that is materially burdensome notice of proceedings relating to the Vessel Owning Subsidiaryrevocation or modification of any Permits that, individually or in the aggregate, if subject to an unfavorable decision, ruling or finding, would be reasonably expected to have a Material Adverse Effect.

Permits. The GAS-twenty Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) Permits of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-twenty Vessel Owning Subsidiary. The Owner or the GAS-twenty Vessel, and the GAS-twenty Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS-twenty Vessel Owning SubsidiaryOwner or the GAS-twenty Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-twenty Vessel Owning SubsidiaryOwner.

Permits. The GAS-twenty Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) Permits of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-twenty Vessel Owning Subsidiary. The Owner or the GAS- twenty Vessel, and the GAS-twenty Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS-twenty Vessel Owning SubsidiaryOwner or the GAS-twenty Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-twenty Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, . revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such PermitPermits, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiary.

Permits. The GAS-sixteen Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-sixteen Vessel Owning Subsidiary. The Owner or the GAS-sixteen Vessel, and the GAS-sixteen Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS-sixteen Vessel Owning SubsidiaryOwner or the GAS-sixteen Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-sixteen Vessel Owning SubsidiaryOwner.

Permits. The GAS-twenty one Vessel Owning Subsidiary Owner has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) Permits of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the GAS-twenty one Vessel Owning Subsidiary. The Owner or the GAS- twenty one Vessel, and the GAS-twenty one Vessel Owning Subsidiary Owner has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the such Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewalsnonrenewals, non-issuesnonissues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the GAS- twenty one Vessel Owning SubsidiaryOwner or the GAS-twenty one Vessel, and none of such Permits contains any restriction that is materially burdensome to the GAS-twenty one Vessel Owning SubsidiaryOwner.

Permits. The Vessel Owning Subsidiary has such permits, consents, licenses, franchises, concessions, certificates and authorizations (“Permits”) of, and has all declarations and filings with, and is qualified and in good standing in each jurisdiction of, all federal, provincial, state, local or foreign Governmental Authorities and other Persons, as are necessary to own or lease its properties and to conduct its business in the manner that is standard and customary for a business of its nature other than such Permits the absence of which, individually or in the aggregate, has not and could not reasonably be expected to materially or adversely affect the Vessel Owning Subsidiary. The Vessel Owning Subsidiary has fulfilled and performed all its obligations with respect to such Permits which are or will be due to have been fulfilled and performed by such date and no event has occurred that would prevent the Permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such Permit, except for such non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, materially or adversely affect the Vessel Owning Subsidiary, and none of such Permits contains any restriction that is materially burdensome to the Vessel Owning Subsidiary.. Table of Contents