Common use of Valid Issuance of the Units Clause in Contracts

Valid Issuance of the Units. The Units have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Partnership pursuant to this Agreement against payment of the consideration set forth herein, will be validly issued and fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 6 contracts

Samples: Terms Agreement (Targa Resources Partners LP), Terms Agreement (Targa Resources Partners LP), Terms Agreement (Targa Resources Partners LP)

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Valid Issuance of the Units. The Units have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Partnership against payment therefor pursuant to this Agreement against payment of the consideration set forth hereinAgreement, will be validly issued and in accordance with the Partnership Agreement, fully paid (to the extent required under the Partnership Agreement) and nonassessable non-assessable (except as such nonassessability non-assessability may be affected by (A) matters described in the Registration Statement and the Prospectus and (B) Sections 17-303, 17-607 and or 17-804 of the Delaware LP Act), and will conform in all material respects to the description thereof contained in the Prospectus.

Appears in 6 contracts

Samples: Enterprise Products Partners L.P., Equity Distribution Agreement (Enterprise Products Partners L P), Equity Distribution Agreement (Enterprise Products Partners L P)

Valid Issuance of the Units. The Units have been and the limited partner interests represented thereby are duly authorized for issuance and sale pursuant to this in accordance with the Partnership Agreement and, when issued and delivered by to the Partnership pursuant to this Agreement Underwriters against payment of the consideration set forth hereintherefor in accordance with this Agreement, will be duly and validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 5 contracts

Samples: Underwriting Agreement (El Paso Pipeline Partners, L.P.), Underwriting Agreement (El Paso Pipeline Partners, L.P.), Underwriting Agreement (El Paso Pipeline Partners, L.P.)

Valid Issuance of the Units. The Units to be issued and sold by the Partnership to the Underwriters hereunder have been duly authorized for issuance and sale pursuant to this Agreement and, when issued upon payment and delivered by the Partnership pursuant to delivery in accordance with this Agreement against payment of the consideration set forth hereinAgreement, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-607 and 17-804 of the Delaware LP Act)) and will conform in all material respects to the description thereof contained in the most recent Preliminary Prospectus.

Appears in 3 contracts

Samples: Underwriting Agreement (Global Partners Lp), Underwriting Agreement (Global Partners Lp), Underwriting Agreement (Global Partners Lp)

Valid Issuance of the Units. The Units to be issued and sold by the Partnership to the Underwriters and the limited partner interests represented thereby have been duly and validly authorized for issuance and sale pursuant to this by the Partnership Agreement and, when issued and delivered by the Partnership pursuant to this Agreement against payment of thereof as provided in accordance with the consideration set forth hereinUnderwriting Agreement, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections Section 17-607 and 17-804 of the Delaware LP Act).

Appears in 2 contracts

Samples: Letter Agreement (BreitBurn Energy Partners L.P.), BreitBurn Energy Partners L.P.

Valid Issuance of the Units. The Units to be issued and sold by the Partnership to the Underwriters hereunder have been duly authorized for issuance and sale pursuant to this Agreement and, when issued upon payment and delivered by the Partnership pursuant to delivery in accordance with this Agreement against payment of the consideration set forth hereinAgreement, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act)) and will conform in all material respects to the description thereof contained in the most recent Preliminary Prospectus.

Appears in 2 contracts

Samples: Underwriting Agreement (Global Partners Lp), Underwriting Agreement (Global Partners Lp)

Valid Issuance of the Units. The Units have been and the limited partner interests represented thereby, are duly authorized for issuance and sale pursuant to this in accordance with the Partnership Agreement and, when issued and delivered by to the Partnership pursuant to this Agreement Underwriters against payment of the consideration set forth hereintherefor in accordance with this Agreement, will be duly and validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 2 contracts

Samples: Underwriting Agreement (El Paso Pipeline Partners, L.P.), El Paso Pipeline Partners, L.P.

Valid Issuance of the Units. The Units have been duly and validly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Partnership pursuant to this Agreement against payment of the consideration set forth hereintherefor in accordance with this Agreement, will be duly and validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections Section 17-607 and 17-804 of the Delaware LP Act); and the Units conform to the descriptions thereof contained in the Pricing Disclosure Package.

Appears in 1 contract

Samples: Underwriting Agreement (Atlas Pipeline Partners Lp)

Valid Issuance of the Units. The Units have been duly authorized for issuance and sale pursuant to this Agreement and, when validly issued and delivered by in accordance with the Partnership pursuant to this Agreement against payment of the consideration set forth hereinAgreement, will be validly issued and fully paid (to the extent required under the Partnership Agreement) and nonassessable non-assessable (except as such nonassessability non-assessability may be affected by (A) matters described in the Registration Statement and the Prospectus and (B) Sections 17-303, 17-607 and or 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Enterprise Products Partners L.P.

Valid Issuance of the Units. The Units and the limited partner interests represented thereby, have been duly and validly authorized for issuance and sale pursuant to this in accordance with the Partnership Agreement and, when issued and delivered by the Partnership pursuant to this Agreement against payment of the consideration set forth hereintherefor in accordance with this Agreement, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable non-assessable (except as such nonassessability may be affected by matters described in Sections 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Terms Agreement (DCP Midstream Partners, LP)

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Valid Issuance of the Units. The Units and the limited partner interests represented thereby have been duly authorized for issuance and sale pursuant to this in accordance with the Partnership Agreement and, when issued and delivered by to the Partnership pursuant to this Agreement Managers against payment of the consideration set forth hereintherefor in accordance with this Agreement, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Equity Distribution Agreement (Southcross Energy Partners, L.P.)

Valid Issuance of the Units. The Units have been and the limited partner interests represented thereby, will be duly authorized for issuance and sale pursuant to this in accordance with the Partnership Agreement and, when issued and delivered by to the Partnership pursuant to this Agreement Purchaser against payment of therefor in accordance with the consideration set forth hereinterms hereof, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-607 303 and 17-804 607 of the Delaware LP Revised Uniform Limited Partnership Act).

Appears in 1 contract

Samples: Duncan Energy Partners L.P.

Valid Issuance of the Units. The Units have been Units, and the limited partner interests represented thereby, will be duly and validly authorized for issuance and sale pursuant to this in accordance with the Partnership Agreement and, when issued and delivered by the Partnership pursuant to this Agreement against payment of the consideration set forth hereintherefor in accordance with this Agreement, will be duly and validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Equity Distribution Agreement (BreitBurn Energy Partners L.P.)

Valid Issuance of the Units. The Units and the limited partner interests represented thereby have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Partnership pursuant to this Agreement against payment therefor in accordance with the terms of the consideration set forth hereinthis Agreement, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Terms Agreement (DCP Midstream Partners, LP)

Valid Issuance of the Units. The Units have been Units, and the limited partner interests represented thereby, will be duly authorized for issuance and sale pursuant to this in accordance with the Partnership Agreement and, when issued and delivered by the Partnership pursuant to this Agreement against payment of the consideration set forth hereintherefor in accordance with this Agreement, will be validly issued and issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act)) and will conform in all material respects to the description thereof contained in the Prospectus.

Appears in 1 contract

Samples: Equity Distribution Agreement (Global Partners Lp)

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