Common use of Disposition Documents Clause in Contracts

Disposition Documents. The following documents must be delivered to the Board and must be satisfactory, in form and substance, to the Board: (i) Disposition Instrument. A copy of the instrument pursuant to which the Disposition is effected. (ii) Ratification of this Agreement. With respect to any Disposition, an instrument, executed by the Disposing Member and its Assignee, containing the following information and agreements, to the extent they are not contained in the instrument described in Section 4.3(a)(i): (A) the notice address of the Assignee; (B) the Sharing Ratios after the Disposition of the Disposing Member and its Assignee (which together must total the Sharing Ratio of the Disposing Member before the Disposition); (C) the Assignee’s ratification of this Agreement and agreement to be bound by it; and (D) representations and warranties by the Disposing Member and its Assignee that (1) the Disposition and admission is being made in accordance with Applicable Laws, and (2) the matters set forth in Section 4.3(a)(i) and this Section 4.3(a)(ii) are true and correct. (iii) Opinions. With respect to any Disposition, such opinions of counsel regarding tax and securities law matters as the Board, in its sole discretion, may require.

Appears in 2 contracts

Sources: Exchange and Redemption Agreement, Exchange and Redemption Agreement

Disposition Documents. The following documents must be delivered to the Board and must be satisfactory, in form and substance, to the Board: (i) Disposition Instrument. A copy of the instrument pursuant to which the Disposition is effected. (ii) Ratification of this Agreement. With respect to any Disposition, an instrument, executed by the Disposing Member and its Assignee, containing the following information and agreements, to the extent they are not contained in the instrument described in Section 4.3(a)(i): 4.03 (i) (A) the notice address of the Assignee; (B) the Sharing Ratios after the Disposition of the Disposing Member and its Assignee (which together must total the Sharing Ratio of the Disposing Member before the Disposition); (C) the Assignee’s 's ratification of this Agreement and agreement to be bound by it; and (D) representations and warranties by the Disposing Member and its Assignee that (1) that the Disposition and admission is being made in accordance with Applicable Laws, and (2) that the matters set forth in Section 4.3(a)(i4.03(a)(i) and this Section 4.3(a)(ii4.03(a)(ii) are true and correct. (iii) Opinions. With respect to any Disposition, such opinions of counsel regarding tax and securities law matters as the Board, in its sole discretion, may require.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P)

Disposition Documents. The following documents must be delivered to the Board and must be satisfactory, in form and substance, to the Board: (i) Disposition Instrument. A copy of the instrument pursuant to which the Disposition is effected. (ii) Ratification of this Agreement. With respect to any Disposition, an instrument, executed by the Disposing Member and its Assignee, containing the following information and agreements, to the extent they are not contained in the instrument described in Section 4.3(a)(i4.03(a)(i): (A) the notice address of the Assignee; (B) the Sharing Ratios after the Disposition of the Disposing Member and its Assignee (which together must total the Sharing Ratio of the Disposing Member before the Disposition); (C) the Assignee’s 's ratification of this Agreement and agreement to be bound by it; and (D) representations and warranties by the Disposing Member and its Assignee that (1) that the Disposition and admission is being made in accordance with Applicable Laws, and (2) that the matters set forth in Section 4.3(a)(i4.03(a)(i) and this Section 4.3(a)(ii4.03(a)(ii) are true and correct. (iii) Opinions. With respect to any Disposition, such opinions of counsel regarding tax and securities law matters as the Boardboard, in its sole discretion, may require.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Williams Energy Partners L P)

Disposition Documents. The following documents must be delivered to the Board and must be satisfactory, in form and substance, to the Board: (i) Disposition Instrument. A copy of the instrument pursuant to which the Disposition is effected. (ii) Ratification of this Agreement. With respect to any Disposition, an instrument, executed by the Disposing Member and its Assignee, containing the following information and agreements, to the extent they are not contained in the instrument described in Section 4.3(a)(i4.03(a)(i): (A) the notice address of the Assignee; (B) the Sharing Ratios after the Disposition of the Disposing Member and its Assignee (which together must total the Sharing Ratio of the Disposing Member before the Disposition); (C) the Assignee’s 's ratification of this Agreement and agreement to be bound by it; and (D) representations and warranties by the Disposing Member and its Assignee that (1) that the Disposition and admission is being made in accordance with Applicable Laws, and (2) that the matters set forth in Section 4.3(a)(i4.03(a)(i) and this Section 4.3(a)(ii4.03(a)(ii) are true and correct. (iii) Opinions. With respect to any Disposition, such opinions of counsel regarding tax and securities law matters as the Board, in its sole discretion, may require.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Williams Energy Partners L P)