Common use of Authority and Approval Clause in Contracts

Authority and Approval. (a) Each Purchaser has full limited partnership power and authority or full limited liability company power and authority, as applicable, to execute and deliver this Agreement, to consummate the transactions contemplated hereby and to perform all of the obligations hereof to be performed by it. The execution and delivery of this Agreement and the other Transaction Documents to which any Purchaser is a party, the consummation of the transactions contemplated hereby and thereby and the performance of all of the obligations hereof and thereof to be performed by the Purchasers have been duly authorized and approved by all requisite limited partnership or limited liability company action of each Purchaser, as applicable. (b) This Agreement has been duly executed and delivered by or on behalf of each of the Purchasers, and constitutes the valid and legally binding obligation of each of the Purchasers, enforceable against each Purchaser in accordance with its terms and, upon the execution of all of the other Transaction Documents to which a Purchaser is a party, such other Transaction Documents will be duly executed and delivered by or on behalf of the applicable Purchaser(s) and constitute the valid and legally binding obligation of the Purchasers, as applicable, enforceable against the Purchasers, as applicable, in accordance with their terms, except in each case as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ rights and remedies generally and by general principles of equity (whether applied in a proceeding at law or in equity).

Authority and Approval. (a) Each Purchaser of SHLX and Operating has full limited partnership power and authority or full limited liability company power and authority, as applicable, to execute and deliver this Agreement, to consummate the transactions contemplated hereby and to perform all of the obligations hereof to be performed by it. The execution and delivery of this Agreement and the other Transaction Documents to which any Purchaser SHLX or Operating is a party, the consummation of the transactions contemplated hereby and thereby and the performance of all of the obligations hereof and thereof to be performed by the Purchasers SHLX and Operating have been duly authorized and approved by all requisite limited partnership or limited liability company action of each PurchaserSHLX and Operating, as applicable. (b) This Agreement has been duly executed and delivered by or on behalf of each of the PurchasersSHLX and Operating, and constitutes the valid and legally binding obligation of each of the PurchasersSHLX and Operating, enforceable against each Purchaser SHLX and Operating in accordance with its terms and, upon the execution of all of the other Transaction Documents to which a Purchaser SHLX or Operating is a party, such other Transaction Documents will be duly executed and delivered by or on behalf of the applicable Purchaser(s) SHLX and Operating and constitute the valid and legally binding obligation of the Purchasers, as applicableSHLX and Operating, enforceable against the Purchasers, as applicable, SHLX and Operating in accordance with their terms, except in each case as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ rights and remedies generally and by general principles of equity (whether applied in a proceeding at law or in equity).

Authority and Approval. (a) Each Purchaser of SHLX and Operating has full limited partnership power and authority or full limited liability company power and authority, as applicable, to execute and deliver this Agreement, to consummate the transactions contemplated hereby and to perform all of the obligations hereof to be performed by it. The execution and delivery of this Agreement and the other Transaction Documents to which any Purchaser SHLX or Operating is a party, the consummation of the transactions contemplated hereby and thereby and the performance of all of the obligations hereof and thereof to be performed by the Purchasers SHLX and Operating have been duly authorized and approved by all requisite limited partnership or limited liability company action of each PurchaserSHLX and Operating, as applicable. (b) This Agreement has been duly executed and delivered by or on behalf of each of the PurchasersSHLX and Operating, and constitutes the valid and legally binding obligation of each of the PurchasersSHLX and Operating, enforceable against each Purchaser of SHLX and Operating in accordance with its terms and, upon the execution of all of the other Transaction Documents to which a Purchaser SHLX or Operating is a party, such other Transaction Documents will be duly executed and delivered by or on behalf of the applicable Purchaser(s) SHLX and Operating, as applicable, and constitute the valid and legally binding obligation of the PurchasersSHLX and Operating, as applicable, enforceable against the PurchasersSHLX and Operating, as applicable, in accordance with their terms, except in each case as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ rights and remedies generally and by general principles of equity (whether applied in a proceeding at law or in equity).